ERIC Number: ED394388
Record Type: Non-Journal
Publication Date: 1996-Mar
Reference Count: N/A
Retirement Plans of Instructional Faculty and Staff.
Chronister, Jay L.; Baldwin, Roger G.
NEA Higher Education Research Center Update, v2 n1 Mar 1996
This analysis of the retirement plans of college and university faculty and staff used data from the 1993 National Study of Postsecondary Faculty. It first determined the proportion of faculty who are age 55 or older by institutional type, discipline, gender, and minority/nonminority status and then analyzed their retirement plans using the same variables. The study found that 26 percent of the full-time faculty and 21 percent of the part-time faculty were 55 or over and that the fields with the largest proportions of older faculty were engineering, humanities, education, and agriculture/home economics. However, a relatively small proportion of faculty (about 7 percent) indicated they were very likely to retire within 3 years though the vast majority plan to retire before age 70. Female faculty and faculty in public institutions of higher education generally planned to retire somewhat earlier than male faculty and faculty in private institutions. Overall job satisfaction did not appear to be related to retirement plans though faculty planning to retire within 3 years were more likely to express job dissatisfaction. The data suggest that a large segment of faculty may be receptive to early retirement incentives and concludes that faculty retirement patterns are unlikely to change dramatically in spite of the abolition of mandatory retirement. Findings are detailed in narrative and figures. (DB)
Descriptors: Aging in Academia, College Faculty, Full Time Faculty, Higher Education, Intellectual Disciplines, Minority Groups, National Surveys, Older Adults, Part Time Faculty, Planning, Private Colleges, Public Colleges, Retirement, Sex Differences, Trend Analysis, Women Faculty
National Education Association, 1201 16th St., N.W., Washington, DC 20036.
Publication Type: Collected Works - Serials; Reports - Research
Education Level: N/A
Authoring Institution: National Education Association, Washington, DC. Office of Higher Education.