scholarly journals Employment Exits Near Retirement Age: An Agency-analysis

2020 ◽  
Author(s):  
Hanna Kosonen ◽  
Katri Keskinen ◽  
Pirjo Nikander ◽  
Kirsi Lumme-Sandt
Keyword(s):  
Older Workers ◽  
Population Aging ◽  
Qualitative Interview ◽  
Limiting Factors ◽  
Retirement Age ◽  
Thematic Content Analysis ◽  
Individual Agency ◽  
Older Employees ◽  
Retirement Decisions ◽  
The Relationship

Population aging has prompted international governing bodies to recommend extending work careers and postponing retirement age. Retirement decisions cannot be fully reduced to either structural influences or individual agency. Older workers may face several limiting factors when continuing their careers beyond the official retirement age, including internalized attitudes towards aging at work. Our aim is to develop agency analysis that involves both structural and individual components to fully illustrate the heterogeneity of older workers and their retirement decisions. By studying qualitative interview data via thematic content analysis and a modality-based agency framework, we found that agency manifests in various different ways in older employees’ work exit accounts and that the relationship between individual agency and structures is complex. We conclude that agency analysis of aging employees offers insights into the complexity of the retirement process and may thus inform us about how to help extend work careers.

De relatie tussen employability en de intentie tot langer doorwerken

2011 ◽  
Vol 24 (4) ◽  
Author(s):  
Stijn de Graaf ◽  
Maria Peeters ◽  
Beatrice van der Heijden
Keyword(s):  
Older Workers ◽  
Structural Equation ◽  
Career Management ◽  
Retirement Age ◽  
Training And Education ◽  
Older Employees ◽  
Pension Age ◽  
Job Participation ◽  
The Relationship ◽  
Retirement Intentions

A study on the relationship between employability and the retirement intentions of older workers A study on the relationship between employability and the retirement intentions of older workers Gedrag & Organisatie, volume 24, November 2011, nr. 4, pp. 374-391.Very recently, it has been decided that the retirement age in the Netherlands will increase to 66 in 2020. Therefore, it is more and more important to understand what motivates older employees to work until their pension age (as opposed to quitting the workforce prematurely). In this study, among 151 Dutch employees of 45 years and older, the central aim was to examine the relationships between workers’ employability perceptions and their intention to work until their retirement age. Additionally, we have investigated to what extent ‘the learning value of the job’, ‘participation in training and education’, and ‘career management’ relate to workers’ employability perceptions. Results of Structural Equation Modelling showed that employability is a significant predictor of the intention to work until retirement age. Moreover, our results indicated that ‘learning value of the job’ and ‘participation in training and education in adjacent area’s’ are important antecedents of one’s employability. The main conclusion of this study is that the higher older employees’ perceptions regarding their own employability, the stronger their intention to work until the official pension age will be. Moreover, a solid learning value of the job as well as possibilities for training in adjacent areas will contribute positively to the employability perceptions of older employees.

scholarly journals Swedish Collective Agreements and Employers’ Willingness to Hire and Retain Older Workers in Employment

2016 ◽  
Vol 6 (2) ◽  
pp. 61 ◽  
Author(s):  
Carin Ulander-Wänman
Keyword(s):  
Older Workers ◽  
Total Population ◽  
Working Hours ◽  
Working Life ◽  
Legal Regulation ◽  
Retirement Age ◽  
Elderly Persons ◽  
Older Employees ◽  
Collective Agreements ◽  
The Eu

Demographic change is transforming the EU population structure for the coming decades. One challenge that society faces is to preserve social welfare when elderly persons comprise a larger proportion of the total population. Allowing people to work beyond the current retirement age may help slow the growth of the maintenance burden for welfare costs, and creating situations where larger numbers of older employees can work longer and complete more working hours can improve conditions for preserving and developing welfare. However, a prolonged working life presupposes several conditions; one of these is that legal regulation of the labor market must support employers’ willingness to hire and retain older workers in employment. This article explores employers’ attitudes toward regulations in Swedish collective agreements—regulations which are of particular importance if employers are to increase hiring and retention of older workers in employment.

scholarly journals EMPLOYMENT AFTER NORMAL RETIREMENT AGE: EMPLOYERS’ MOTIVES AND EXPERIENCES

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S129-S130
Author(s):  
Jaap Oude Mulders
Keyword(s):  
Older Workers ◽  
Population Aging ◽  
Developed Countries ◽  
Mandatory Retirement ◽  
Retirement Age ◽  
Opportunity Structures ◽  
Labor Market Dynamics ◽  
Employment Rates ◽  
Using Data ◽  
Retirement Systems

Abstract Due to population aging, older workers in developed countries are working much longer than previous cohorts. Some older workers even extend their careers beyond normal retirement age – or the age that is traditionally associated with retirement. While earlier work has studied employees’ motives and experiences while working after normal retirement age, motives and experiences of employers remain unexplored. Understanding employers’ perspectives is imperative for a better grasp of employees’ opportunity structures and labor market dynamics. This is especially relevant in countries with mandatory retirement systems, since here employer and employee need to negotiate a new contract after normal retirement age. I study employers’ motives to and experiences with employing older workers after normal retirement age using data from a 2017 survey among 1,312 Dutch employers. The Netherlands has mandatory retirement regulations but is also seeing an increase in employment rates after normal retirement age. Results show that 54% of employers have, in recent years, employed one or more older workers beyond their normal retirement age. This is especially common in education. 70% of employers are very positive about their previous experiences with employing older workers after normal retirement age, mostly because they had rehired older workers with unique knowledge and experience. However, employers also hardly ever took the initiative for such employment arrangements, instead leaving it to the older workers to show the desire to continue working. Although employers are largely positive, they see it as a limited phenomenon, and do not consider it a solution to labor shortages.

Characteristics of the Work Environment Related to Older Employees' Willingness to Continue Working: Intrinsic Motivation as a Mediator

2011 ◽  
Vol 109 (1) ◽  
pp. 174-186 ◽  
Author(s):  
Peter T. van Den Berg
Keyword(s):  
Intrinsic Motivation ◽  
Work Environment ◽  
Older Workers ◽  
Job Characteristics ◽  
Hierarchical Regression ◽  
Job Autonomy ◽  
Regression Analyses ◽  
Older Employees ◽  
Relationship Of ◽  
The Relationship

The relationships between older employees' willingness to continue working and characteristics of the work environment for older workers were investigated, as well as a possible mediation by intrinsic motivation. 103 employees ages 50 to 65 years, from various sectors of the Dutch labor market, completed questionnaires that measured willingness to continue working, intrinsic motivation, organizational stimulation, work variety, work challenge, and job autonomy. Hierarchical regression analyses showed organizational stimulation, as well as the various job characteristics, were positively related to employees' willingness to continue working. Moreover, intrinsic motivation fully mediated the relationship of work variety with willingness to continue working and partially mediated the relationships of organizational stimulation, work challenge, and job autonomy with willingness to continue working. It was concluded that organizations can encourage older workers to work until age 65 and beyond by shifting their focus from extrinsic to intrinsic rewards.

scholarly journals The relationship between voluntary employer change and work ability among older workers: investigating the honeymoon-hangover effect

2021 ◽  
Vol 55 (1) ◽  
Author(s):  
Nina Garthe ◽  
Hans Martin Hasselhorn
Keyword(s):  
Work Ability ◽  
Older Workers ◽  
Fixed Effects ◽  
Initial Increase ◽  
Older Employees ◽  
Working Age ◽  
Fixed Effects Regression ◽  
Employer Change ◽  
The Relationship

AbstractThe aim of the study was to investigate the effect of voluntary employer changes on self-reported work ability among older workers in Germany and whether a honeymoon-hangover effect (HHE) exists here. In research on job satisfaction, three typical periods around a voluntary employer change characterize a HHE: a deterioration in the old job (deterioration), an initial increase in the new job (honeymoon) and a subsequent decline over time (hangover). Whether a HHE exists in respect to work ability following a voluntary employer change remained open. The analyses are based on data from the first three waves of the lidA study (2011, 2014, 2018), a representative cohort study of older employees in Germany born in 1959 or 1965. Data from 2502 workers who participated in all three study waves was analyzed. Fixed-effects regression analyses including lag and lead variables were conducted. A deterioration, honeymoon and hangover period were found. Work ability increased substantially following the voluntary employer change. Our study shows that voluntary employer changes have the potential to maintain work ability at higher working age, but not to increase the work ability in the long-term perspective. However, despite the existence of a hangover period, the positive overall effect of the voluntary change should not be underestimated.

scholarly journals Swedish Collective Agreements and Employers’ Willingness to Hire and Retain Older Workers in Employment

2016 ◽  
Vol 6 (2) ◽  
pp. 61
Author(s):  
Carin Ulander-Wänman
Keyword(s):  
Older Workers ◽  
Total Population ◽  
Working Hours ◽  
Working Life ◽  
Legal Regulation ◽  
Retirement Age ◽  
Elderly Persons ◽  
Older Employees ◽  
Collective Agreements ◽  
The Eu

Demographic change is transforming the EU population structure for the coming decades. One challenge that society faces is to preserve social welfare when elderly persons comprise a larger proportion of the total population. Allowing people to work beyond the current retirement age may help slow the growth of the maintenance burden for welfare costs, and creating situations where larger numbers of older employees can work longer and complete more working hours can improve conditions for preserving and developing welfare. However, a prolonged working life presupposes several conditions; one of these is that legal regulation of the labor market must support employers’ willingness to hire and retain older workers in employment. This article explores employers’ attitudes toward regulations in Swedish collective agreements—regulations which are of particular importance if employers are to increase hiring and retention of older workers in employment.

scholarly journals Retire – why yes, why not? Results of a study on the Czech seniors

2020 ◽  
Vol 7 (3) ◽  
pp. 316-328
Author(s):  
Aneta Krejcova ◽  
Martina Rašticová
Keyword(s):  
Czech Republic ◽  
Logit Model ◽  
Population Aging ◽  
Retirement Age ◽  
The Czech Republic ◽  
Factors Influencing ◽  
Retirement Decisions ◽  
Specific Factors ◽  
Different Levels ◽  
Country Specific

Currently, one of the most discussed topics in Europe is population aging and its consequences. Most of the countries have already introduced many measures to support older people but also has changed their retirement age. The amount of people older than 50 is increasing and it is of great importance how this group will be approached on different levels. Retirement is considered as a very important stage of life. Therefore, the need for examination of factors influencing retirement decisions is crucial. In general, there are factors which are similar in every country, but there are also country-specific factors, which are unique. This article focuses on the factors which are significant in the Czech Republic. The analysis is based on data from the SHARE database and the factors are investigated by using the logit model.

scholarly journals An Attempt to Identify Factors Influencing Retirement Decisions in Poland

2018 ◽  
Vol 4 (336) ◽  
pp. 43-59
Author(s):  
Anna Ruzik-Sierdzińska
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Pension System ◽  
Labour Force ◽  
Economic Incentives ◽  
Economic Transformation ◽  
Retirement Age ◽  
Special Focus ◽  
Factors Influencing ◽  
Retirement Decisions

Discussions on how to prevent negative economic consequences of ageing of societies have resulted in the reforms that should prolong labour market participation and postpone retirement of longer living generations. Pension systems are among those reformed most frequently. Also in Poland – since the beginning of economic transformation in the early 1990s – retirement rules have changed many times. Pre‑retirement benefits and allowances have been introduced to help those who became unemployed at an older age. Since 2009 early retirement is not possible any more (with some exceptions), the standard retirement age continued to increase since 2013 and then it decreased again in 2017. The aim of the paper is to analyse the driving forces of retirement in Poland. Such knowledge is important to develop proper policies and expectations about labour supply decisions. We have analysed what factors influenced retirement decisions in the last decade, with a special focus on pension system regulations. The main data sources used in this paper are Labour Force Survey (BAEL) data for the years 2005–2016 and the Social Insurance Institution statistics. Probabilities of retirement from the labour force were presented and discussed. Then, individual BAEL data for persons aged 50–74 in the years 2013–2016 were used to estimate logistic regression models of odds of labour market inactivity. The results show that education or health status are significant factors influencing retirement decisions in Poland. Additionally, older workers react to economic incentives for retirement created by the pension system, mainly the retirement age.

Goal Expectations as Predictors of Retirement Intentions

2005 ◽  
Vol 61 (2) ◽  
pp. 141-160 ◽  
Author(s):  
Ruby R. Brougham ◽  
David A. Walsh
Keyword(s):  
Older Workers ◽  
Demographic Variables ◽  
Personal Goals ◽  
Unique Contribution ◽  
Relative Importance ◽  
Multiattribute Utility ◽  
Retirement Decisions ◽  
The Relationship ◽  
Retirement Intentions

The current study explored the contribution of personal goals to retirement decisions. A SMARTER methodology (to assess multiattribute utility) and taxonomy of human goals were used to investigate the relationship between older workers' personal goals and their retirement intentions. Two hundred and fifty-one employees of a large university, varying in age from 55 to 77, were asked to indicate the relative importance of 29 goals and to indicate the utility they perceived in continued work and retirement as a means to achieve these goals. The results demonstrate that goal evaluations are important predictors of retirement intentions. Furthermore, goal evaluations provide an important and unique contribution to predicting retirement intentions beyond that predicted by personal and demographic variables. These results have implications for pre-retirement education and workplace application.

Older employees’ desired retirement age: a JD-R perspective

2016 ◽  
Vol 31 (1) ◽  
pp. 34-49 ◽  
Author(s):  
Wiel Frins ◽  
Joris van Ruysseveldt ◽  
Karen van Dam ◽  
Seth N.J. van den Bossche
Keyword(s):  
Longitudinal Study ◽  
Older Workers ◽  
Job Demands ◽  
Work Conditions ◽  
Job Resources ◽  
Equation Modeling ◽  
Retirement Age ◽  
Content Type ◽  
Older Employees ◽  
Gain And Loss

Purpose – Using the job demands-resources (JD-R) model as a theoretical framework, the purpose of this paper is to investigate how job demands and job resources affect older employees’ desired retirement age, through an energy-depletion and a motivational process. Furthermore, the importance of gain and loss cycles (i.e. recursive effects) for the desired retirement age was investigated. Design/methodology/approach – A two wave full panel design with 2,897 older employees ( > 50) served to test the hypotheses. Confirmatory factor analysis and structural equation modeling were used to test the measurement and research model. Cross-lagged analyses tested the presence of gain and loss cycles. Findings – Results from cross-lagged analyses based on two waves over a one-year period indicated the presence of both a gain and a loss cycle that affected the desired retirement age. Research limitations/implications – This is the first longitudinal study applying the JD-R model to a retirement context. Limitations relate to employing only two waves for establishing mediation, and using self-reports. Practical implications – Because work conditions can create a cycle of motivation as well as a cycle of depletion, organizations should pay special attention to the job resources and demands of older workers. The findings can inspire organizations when developing active aging policies, and contribute to interventions aimed at maintaining older employees within the workforce until – or even beyond – their official retirement age in a motivated and healthy way. Originality/value – This is the first longitudinal study applying the JD-R model to a retirement context and finding evidence for gain and loss cycles.

Sign in / Sign up

Export Citation Format

Share Document