Predictors of Perceptions of Involuntary Retirement

Szinovacz, Maximiliane E.; Davey, Adam

doi:10.1093/geront/45.1.36

Cited by 127 publications

(157 citation statements)

References 38 publications

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“…For example, the group of involuntary retirees is probably highly diverse. For instance regarding age at retirement or reasons for the involuntary exit, it may include those who suffered from health problems or experienced pressures from the organization to retire (2,3). At the same time, the involuntary transition may be abrupt and unexpected for some retirees, whereas it may be an anticipated event for others.…”

Section: Dingemans and Henkensmentioning

confidence: 99%

“…Although older adults are increasingly encouraged to prolong their working lives (1), opportunities to remain employed may be limited and/or not under the volitional control of the individual worker. Indeed, approximately 20-30% of older adults perceive the departure from their career job to have been forced upon them, for instance due to organizational pressure or health-related problems (2,3). However, career exit, whether forced or voluntary, does not necessarily mean permanent withdrawal from the work domain.…”

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confidence: 99%

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How do retirement dynamics influence mental well-being in later life? A 10-year panel study

Dingemans¹,

Henkens²

2014

Scand J Work Environ Health

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This paper takes an innovative approach by applying fixed-effects analysis to investigate whether intra-individual changes in the work status in later life are associated with changes in mental well-being after retirement. The results show that bridge employment can function as a control maintenance strategy for involuntary retirees and prevent negative changes in self-efficacy and life satisfaction. Original article Scand J Work Environ Health. 2015;41(1):16-23. doi:10.5271/sjweh.3464 How do retirement dynamics influence mental well-being in later life? A 10-year panel study Objectives Empirical studies have consistently shown the negative impact of involuntary retirement on mental well-being. However, few studies have thus far investigated the degree to which post-retirement work affects late-life outcomes. The present study improves our understanding of the impact of retirement on the self-efficacy and life satisfaction among older adults by focusing on the combined impact of retirement voluntariness and participation in post-retirement work. AffiliationMethods By using panel data on retirement behavior in the Netherlands, we estimated fixed effects and multilevel models to explain (intra-)individual changes in self-efficacy and life satisfaction over a 10-year period in which most participants made the transition to retirement. ResultsThe results indicate that involuntary retirement is associated with decreases in both self-efficacy and life satisfaction in later life. Whereas involuntary retirees who participate in bridge jobs show no changes in life satisfaction, those involuntary retirees without bridge jobs experience a decline in life satisfaction. In addition, we found enhanced levels of life satisfaction for voluntary retirees in bridge employment. The association with self-efficacy was less pronounced. ConclusionThese results suggest that the characteristics of the retirement process influence changes in mental well-being in later life. Specifically, bridge employment alleviates the negative consequences of involuntary retirement and even seems to enhance post-retirement well-being for voluntary retirees.

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Section: Dingemans and Henkensmentioning

confidence: 99%

mentioning

confidence: 99%

How do retirement dynamics influence mental well-being in later life? A 10-year panel study

Dingemans¹,

Henkens²

2014

Scand J Work Environ Health

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“…The self-employment decisions of older individuals are explained based on the restrictions and/or opportunities they face in their own opportunity structures (financial and human capital) and in their sociopsychological make-ups. In addition, attention is paid to the context of retirement, acknowledging that not all older adults have full control over their retirement transitions (Szinovacz and Davey 2005;Van Solinge and Henkens 2007).…”

Section: H Van Solinge (And) Netherlands Interdisciplinary Demographicmentioning

confidence: 99%

Who opts for self-employment after retirement? A longitudinal study in the Netherlands

Solinge

2013

Eur J Ageing

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Self-employment among older age groups is rising. A better understanding of the role of self-employment in extending the working lives of individuals is, therefore, relevant from a policy perspective. By bridging the gap in the literature on work/retirement decisionmaking and entrepreneurship, the present study examines the factors associated with entry into self-employment post-retirement, after a worker has left a regular salaried position. This decision is modelled as a choice between full retirement and prolonged labour force participation, in the form of either a typical wage-providing job or selfemployment. Data were derived from the Netherlands Interdisciplinary Demographic Institute Work and Retirement Panel, an ongoing longitudinal survey of older workers (50 years and over) employed by three private sector organisations and employed as civil servants in the Netherlands. These data were then analysed using multinomial logistic regression analysis. The results of this study show that the decision to pursue self-employment is primarily taken by retirees with relatively high levels of financial and human capital (wealth and educational attainment), those possessing entrepreneurial attitudes (high self-efficacy scores) and those who perceive their retirements to be completely involuntary. The results lend support to self-employment being selected as a postretirement path through opportunity rather than out of necessity. The fact that the retirements of the studied population were generally quite early, while not considered involuntary also suggests that the timing of the decision to retire may be driven by the emergence of new (business) opportunities.

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“…According to previous studies, several factors appear to be important at the personal level (Hansson et al, 1997;Shultz & Wang, 2007). One decisive factor is the financial status of the individual (Quinn et al, 1990;Szinovacz & Davey, 2005). Here, rational choice considerations are central and it is assumed that older workers will choose to retire if they have sufficient financial resources in the absence of paid work to uphold their consumption and living standard.…”

Section: Personal and Family Factorsmentioning

confidence: 99%

Factors Affecting Prolonged Working Life for the Older Workforce: the Swedish Case

Berglund¹,

Seldén²,

Halleröd³

2017

NJWLS

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Predictors of Perceptions of Involuntary Retirement

Abstract: Future research should establish personal and policy implications of forced retirement. Programs are needed to help older workers forced into retirement find alternative employment opportunities and to reduce the conditions leading to forced retirement.

Cited by 127 publications

References 38 publications

How do retirement dynamics influence mental well-being in later life? A 10-year panel study

How do retirement dynamics influence mental well-being in later life? A 10-year panel study

Who opts for self-employment after retirement? A longitudinal study in the Netherlands

Factors Affecting Prolonged Working Life for the Older Workforce: the Swedish Case

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