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

Kalenkoski, Charlene M.; McCarty, Sara Helms

doi:10.1007/s10834-020-09734-4

Cited by 1 publication

(1 citation statement)

References 16 publications

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“…On the one hand, there is a group that indicates the lower importance of factors of financial motivation and job stability (Łaszkiewicz, Bojanowska 2017) and higher job satisfaction, and on the other one that needs to ensure or increase a sufficient income and pension base (European Commission, Eurostat 2020), or preferring the well-being of state-guaranteed social benefits: financial benefits, health care, the opportunity to reconcile work and family responsibilities (Aidukaite, Blaziene 2021). The decision to work at an older age may stem from self-confidence in one's own work performance in conjunction with adequate health (You, Lee 2021;Kalenkoski, McCarty 2021), in flexibility of work attendance (Principi et al 2018), in a vision of qualified, decent and sustainable work that makes sense (Fournier et al 2018), but also for fear of losing dignity by acquiring retired status for men (Daye 2005) or lower income (Principi et al 2018;Moskvina 2022). One reason may be financial incentives for employers to employ older people (Focarelli, Zanghieri 2005).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Factors affecting the working life lenght of older people in the European Union

Grmanová¹,

Bartek²

2022

JESI

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Despite the fact that population ageing in the European Union is in full swing, and policy makers are pushing for exdenting of working lives, there is a group of older people, whose employment potential in labor market ends up dormant. The phenomenon of early retirement is worthy of a deeper research from the point of view of human resources management, as employers facing issues of digital economy often lose a skilled workforce and labor market is depleted of the potential of this group. The article is focused on the research of three factors in relation to the desire to retire early: "job satisfaction", "job physical demands" and "afraid health limits ability to work before regular retirement in job". The influence of selected factors on the desire of workers to retire early is specified through quantitative analysis of data from the SHARE -Survey of Health, Aging and Retirement in Europe. Chi-squared test of independence, Cramér`s V for dependence tightness and standardized (adjusted) Pearson residuals are used for analyzes. Results show the strongest intensity of dependence in relation to the desire to retire early with the job satisfaction factor. There is a weak dependence tightness in factors of the job physical demands and the individuals` health limits within professional performance. The analysis shows that it is very important that employers try to make their employees satisfied with job, because the consequences of such an effort are reflected in the employees` decision making whether to stay in job or to leave labor market through early retirement.

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