The Early Retirement Decision: New Empirical Evidence on the Influence of Health

1985 ◽  
Vol 20 (2) ◽  
pp. 214 ◽  
Author(s):  
Gloria J. Bazzoli

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.



ILR Review ◽  
2002 ◽  
Vol 55 (3) ◽  
pp. 512 ◽  
Author(s):  
David M. Gray


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.



ILR Review ◽  
2002 ◽  
Vol 55 (3) ◽  
pp. 512-532
Author(s):  
David M. Gray


Author(s):  
Bahman Bahrami

Several authors have postulated that changes in the healthcare system, such as the growth in managed care, decreasing reimbursement, and the movement toward more integrated healthcare systems, perceived negatively by mature physicians, may contribute to their early retirement.  This, in turn, may produce adverse effects on the availability of medical care.  This study explores this and other related issues through analysis of data obtained from a survey of nearly four thousand physicians regarding factors potentially relevant to their early retirement decision.  While managed care is perceived to be an important factor in the early retirement decision of physicians, it does not necessarily lead to earlier retirement.  Physicians rank financial and personal factors as more important in their retirement decision.  Several of these factors significantly impact their expected early retirement age.  The results have several important implications for healthcare delivery relating to the retention or early retirement of effective practicing physicians, succession planning, and seamless generation of income.



ILR Review ◽  
1994 ◽  
Vol 48 (1) ◽  
pp. 103-123 ◽  
Author(s):  
Lynn A. Karoly ◽  
Jeannette A. Rogowski

The authors analyze the effect of the availability of post-retirement health insurance on early retirement behavior of men using data from the 1984, 1986, and 1988 panels of the Survey of Income and Program Participation (SIPP). They extend previous static models of retirement to account for access to health insurance as a factor in the retirement decision. The estimates from probit models of retirement during the SIPP panel period show that the offer of continued employer-provided health insurance coverage after retirement increased the likelihood of retirement before age 65. Also, the authors find evidence that the presence before retirement of retirement insurance coverage through a source in addition to the employer increased the likelihood of early retirement.



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


Author(s):  
Manuel Kallweit

SummaryThe paper presents a numerical general equilibrium model in which agents decide about their retirement age. In this context policy reforms like an increase of the normal retirement age, higher discounts for early retirement or the introduction of flat or minimum pensions are simulated. While future generations benefit from the first two reforms, they suffer from the latter. There are three central findings: First, higher discounts have a stronger effect on the retirement decision than an increase in normal retirement age. Second, the timing of retirement is significantly affected by an introduction of flat pensions. Third, models with an explicit retirement decision can lead to different policy implications compared to models in which retirement age is exogenous.



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