scholarly journals Interactions between Financial Incentives and Health in the Early Retirement Decision

Author(s):  
Pilar Garcia-Gomez ◽  
Titus J. Galama ◽  
ngel LLpez Nicolls

Author(s):  
Pilar Garcia Gomez ◽  
Titus J. Galama ◽  
Eddy van Doorslaer ◽  
Angel Lopez Nicolas




2021 ◽  
Vol 17 (2) ◽  
pp. 57-69
Author(s):  
Eda Orhun ◽  
Wifag Adnan ◽  
Mouawiya Alawad

Abstract The purpose of this paper is to analyze the retirement behavior of UAE nationals by understanding the socio-economic characteristics of early retirees and identifying the main determinants of early retirement. Accordingly, a survey study is created and deployed for current employees and retirees affiliated with Abu Dhabi Retirement and Pension Benefit Fund (ADRPBF). The survey was designed to reach 100 retirees and 200 currently active workers from those registered at the ADRPBF. The survey was conducted by employing the online survey method and face-to-face interviews. The total number of respondents is around 244, with a total response rate of 81.33%. Some factors related to the psychosocial work environment play a significant role in the early retirement decision of Emiratis. These factors are stress level, autonomy level and authority level at work. In addition to these, the level of work environment comfortability and life-work balance seem to also affect the early retirement decision. In general, the results indicate that higher the stress level, lower the level of autonomy and authority; higher the early retirement decision within the Emirati workforce. Last but not least, the likelihood of early retirement increases significantly if employees face a work-related health problem. Initiatives at the government and company level to adjust the working conditions for the capacity of elderly people shall be considered. Healthy living campaigns and sport programs might be launched to reduce work-related health problems and consequently early retirement. Our work is the first comprehensive study exploring the early retirement decision of the UAE nationals. One limitation of our study is the limited number of participants in the survey. Future work that will include a higher number of participants and supplementary questions to cover more job features (physical workload, other psychosocial factors) might be helpful.



1998 ◽  
Vol 4 (4) ◽  
pp. 692-714 ◽  
Author(s):  
Per Kongshøj Madsen

With regard to the long-run increase in unemployment, trends in Denmark differ little from those in other European and OECD countries. In the last three to four years, however, Denmark has seen a very clear drop in unemployment from a peak of 12.4 per cent in 1994 to 7.7 per cent in 1997. The factors influencing this development have included stronger economic growth, a labour market reform conducted in 1994 and the increasing popularity of a range of programmes for early retirement or paid-leave arrangements. In this contribution, the author outlines the most important steps in working time developments in Denmark, concentrating above all on a description of the paid-leave arrangements which may be regarded as the most innovative component of Danish labour market policy in the 1990s. Paid-leave arrangements are programmes offering financial incentives to workers to take career breaks for purposes of childcare, further training or sabbaticals, etc. They are intended to encourage both employees and unemployed workers to leave the labour market for good or to take a career break. They are linked with the fixed-term recruitment of unemployed workers to the posts vacated. The article contains empirical findings concerning the assessment, take-up rates and employment effects of such paid-leave arrangements.



2013 ◽  
Vol 29 (1) ◽  
Author(s):  
Filip van Droogenbroeck ◽  
Mark Elchardus ◽  
Jessy Siongers ◽  
Bram Spruyt

Attrition amongst senior teachers: Causes and motives of their (early) retirement Attrition amongst senior teachers: Causes and motives of their (early) retirement In several countries teachers retire earlier than the official retirement age. This article examines the causes and motives of (early) retirement amongst senior teachers aged between 45 and 65 in Flanders. Using multivariate linear regression we analyse the preferred retirement age of working teachers (n = 1.878) and the actual retirement age of retired teachers (n = 1.246). Teachers who feel financially secure, have a working partner and have a positive attitude towards retirement, stop working earlier. Also emotional exhaustion and dissatisfaction with non-teaching related workload (such as meetings, administration) has an important influence on the retirement decision. Results show that the majority of teachers make use of early exit schemes which illustrates a widespread ‘early exit culture’ amongst senior teachers.



2014 ◽  
Author(s):  
Hendrik Juerges ◽  
Lars Thiel ◽  
Tabea Bucher-Koenen ◽  
Johannes Rausch ◽  
Morten Schuth ◽  
...  




2019 ◽  
Vol 10 (1) ◽  
pp. 1-22
Author(s):  
Michael Christl ◽  
Dénes Kucsera

Abstract This paper takes a closer look at the existing early retirement schemes in Austria and analyses whether early retirement imposes a financial burden on the pension system (actuarial neutrality). Additionally, we compute incentive-neutral deductions for early retirement. These deductions reflect the view of the individual, who faces option of retiring earlier or working another year. Incentive neutral deductions would imply that an individual is indifferent between both. Our results highlight substantial differences between both measures. While the current deduction rate of 5.1% in the Austrian age corridor is, on average, close to actuarial neutrality, it is lower than the incentive-neutral deductions. This indicates that there are financial incentives for early retirement, which may arise due to the Austrian tax system. Additionally, we show that both actuarial and incentive neutrality differ substantially across socio-economic characteristics, such as gender, wages and (early) retirement age.



Sign in / Sign up

Export Citation Format

Share Document