In or Out or Somewhere in Between? The Determinants of Gradual Retirement

A Case of Phased Retirement in Sweden

Handbook of Research on Human Resources Strategies for the New Millennial Workforce - Advances in Human Resources Management and Organizational Development ◽

10.4018/978-1-5225-0948-6.ch018 ◽

2017 ◽

pp. 351-370

Author(s):

Kristina Palm

Keyword(s):

Well Being ◽

Managerial Action ◽

Phased Retirement ◽

The Individual ◽

Gradual Retirement

Gradual retirement has become more common, yet previous research has neglected to study managerial and organisational aspects of phased retirement. Based upon ten interviews, it was found that, when managed successfully, phased retirement is beneficial for both the individual and the organisation. The organisation can successfully transfer knowledge between employees, while the individuals enhance their well-being and obtain a better balance between work and leisure. However, in order for both the organisation and the individual to benefit from phased retirement, managerial action and planning is required.

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The Importance of Gradual Retirement in America Today

Public Policy & Aging Report ◽

10.1093/ppar/praa013 ◽

2020 ◽

Vol 30 (3) ◽

pp. 107-112

Author(s):

Kevin E Cahill ◽

Joseph F Quinn

Keyword(s):

Gradual Retirement

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The Importance of the Work Role for Aged Kibbutz Members

Canadian Journal of Community Mental Health ◽

10.7870/cjcmh-1992-0011 ◽

1992 ◽

Vol 11 (2) ◽

pp. 35-47 ◽

Cited By ~ 4

Author(s):

Jiska Cohen-Mansfield ◽

Uriel Leviatan

Keyword(s):

Life Satisfaction ◽

Elderly People ◽

Elderly Population ◽

The Elderly ◽

Work Role ◽

Continue Work ◽

Work Domain ◽

Gradual Retirement

This paper investigates the importance of the work role for elderly people and how it contributes to life satisfaction. Data from the kibbutz population, where gradual retirement is practiced, show that elderly people in the kibbutz clearly wish to continue work as long as possible. Results also indicate that the wish to continue working is coupled with the work domain having a primary importance in their lives. The societal arrangements of the kibbutzim with regard to the work of the elderly seem to facilitate utilization of the work role for the elderly population.

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A Study to Introduce the Gradual Retirement System in the Teachers’ Pension System

Ordo Economics Journal ◽

10.20436/oej.21.1.117 ◽

2018 ◽

Vol 21 (1) ◽

pp. 117-141

Author(s):

Jung-Woo Lee ◽

◽

Heenyon Kim

Keyword(s):

Pension System ◽

Retirement System ◽

Gradual Retirement

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Does gradual retirement have better outcomes than abrupt retirement? Results from an Australian panel study

Ageing and Society ◽

10.1017/s0144686x07006228 ◽

2007 ◽

Vol 27 (5) ◽

pp. 667-682 ◽

Cited By ~ 72

Author(s):

DAVID DE VAUS ◽

YVONNE WELLS ◽

HAL KENDIG ◽

SUSAN QUINE

Keyword(s):

Positive Impact ◽

Panel Study ◽

Later Life ◽

Positive And Negative Affect ◽

Additive Effects ◽

Employment Practices ◽

Social Wellbeing ◽

Retirement Decisions ◽

Using Data ◽

Gradual Retirement

ABSTRACTConventional wisdom promotes gradual retirement rather than an abrupt end to the working life. This paper compares the outcomes of abrupt and gradual retirement one and three years after the transition to retirement began using data from an Australian panel study. The outcomes included changes in health, positive and negative affect, wellbeing and marital cohesion. For many outcomes there was no difference between gradual and abrupt retirements, but those who retired abruptly were more likely to rate their health as having deteriorated and more likely to report better adjustment to retirement. Control over retirement decisions was also explored; it emerged as a more important factor in retirement wellbeing than whether the transition was gradual or abrupt. The absence of interaction or additive effects between the retirement pathway and the level of control over the process confirmed this result. Thus there is no simple answer to the question in the title. Retiring gradually allows time for people to make changes to their lifestyle, but having control over the timing and manner of leaving work had a greater positive impact on psychological and social wellbeing, and this persisted three years after retirement. The findings suggest that policies and employment practices that promote employees' control of their retirement decisions will enhance wellbeing in later life and facilitate longer workforce participation.

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