Search results for "Retirement age"
showing 10 items of 19 documents
Introduction: Why to Study Ageing in Organisations?
2017
Questions related to ageing are shared widely in and between organizations. People are living longer and working longer than they used to earlier (Levinson 1978). The percentage of people over 60 years of age is growing rapidly worldwide, with one report estimating that by mid-century the number of people over 60 will triple to nearly two billion people. This tendency is evident especially in Europe and North America, which countries face the retiring of the baby-boom generation (Aaltio et al., International Journal of Work Innovation, 1(4), 323–329, 2016). The growing phenomenon of ageing has had and will have a major impact on the economy, and on social and work life (Davoudi et al., Futu…
Strategic Responses: A Survey Experiment on Opposition to Pension Reforms*
2013
The responses given in opinion polls on future policy reforms reflect both subjective expectations and preferences. We disentangle these factors using data from a controlled survey experiment conducted in Germany. At the time of the experiment, an increased retirement age had been proposed as part of a pension reform. Thus, the survey respondents faced an incentive to give biased responses. By understating their expected work ability at the age of retirement, they could make the increase of the retirement age a less attractive policy option. We find evidence for such strategic response behavior, and this strategic bias appears to be stronger in former communist East Germany.
AN EXPERIMENTAL TEST ON RETIREMENT DECISIONS
2007
I. INTRODUCTION The reform of social security systems is now one of the main issues on the economic policy agenda of most industrialized countries. It is widely considered that, unless serious changes take place, the aging of the population implying a rise in the number of retirees relative to that of workers will threaten the viability, of pay-as-you-go public pension systems in the long run. This threat is being reinforced by the progressive reduction in the retirement age of the working population. The central reforms that are being proposed to neutralize these future financing problems are the raising of the contribution rate, the decreasing of pension benefits, or/and the delay of the …
Self-reported sickness absence and presenteeism as predictors of future disability pension: Cohort study with 11-year register follow-up
2021
Many healthcare workers in eldercare are pushed out of the labor market before the official retirement age due to poor health. Identification of early warnings signs is important to avoid complete loss of work ability. The aim of this study was to investigate to what degree sickness absence and presenteeism increase future risk for disability pension among eldercare workers. A total of 8952 Danish female eldercare workers responded to a survey about work environment and health. They were followed for 11 years in the Danish Register for Evaluation of Marginalization, with time-to-event analyses estimating the hazard ratios (HRs) for disability pension from sickness absence and presenteeism a…
No 'Honeymoon Phase' - Whose Health Benefits from Retirement and When
2017
I use a fixed effects instrumental variable approach to determine the effect retirement has on health. The exogenous variation in the probability to retire at the normal and early retirement age thresholds is exploited to instrument for the otherwise endogenous retirement decision. Six health aspects are considered: self-assessed health, depression, limitations in (instrumental) activities of daily living, mobility limitations, grip strength and number of words recalled. Using data for 10 countries from the Survey of Health, Retirement and Ageing in Europe (SHARE), I find that retiring both at the normal and early retirement eligibility ages significantly improves all health aspects, includ…
Retirement Age Across Countries: The Role of Occupations
2011
Cross-country variation in effective retirement age is usually attributed to institutional differences that affect individuals’ incentives to retire. This paper suggests a different approach to explain this variation. Since working individuals in different occupations naturally retire at different ages, the composition of occupations within an economy matters for its average effective retirement age. Using U.S. Census data we infer the average retirement age by occupation, which we then use to predict the retirement age of 38 countries, using the occupational distribution of these countries. Our findings suggest that the differences in occupational composition explain up to 38% of the obser…
Late Career and Retirement in the Context of Changing Careers
2017
Salminen and von Bonsdorff provide a much-needed overview of recent studies focusing on older employees’ late career and retirement intentions in the context of the changing nature of careers. Owing to the current turbulent working life, individuals’ career and retirement patterns are more diverse and complex than before. By focusing on contemporary career models, Salminen and von Bonsdorff explore the possibilities and constraints that older employees may encounter under the new career realities. Based on the selective literature review, they identify several prerequisites for continuing working until retirement age and beyond, such as possibilities for continuous learning, adaptability, s…
Sixty years of bilingualism affects the pronunciation of Latvian vowels
2006
For fifty years after World War II, Latvia was incorporated into the former Soviet Union. Although in theory the use of regional languages was not discouraged, in practice knowledge of Russian was obligatory. Since 1991, Latvian has again become the official language, and knowledge of Russian is widespread but optional. These political events have created a natural experiment in the effects of almost universal bilingualism on a language. To assess the impact on pronunciation, native speakers of Latvian, ranging from retirement age to teens, were recorded reading a word list and a short narrative. Vowel pronunciation differed across the generations both in quantity relationships and in forma…
The financial impact of Spanish pension reform: A quick estimate
2012
In this paper, we present a preliminary estimate of the financial impact of the recent reform of the Spanish pension system. After updating the projections of pension expenditure constructed in de la Fuente and Doménech (2010) for the period 2008-2060, we analyze the impact on this variable of raising the retirement age from 65 to 67 years, extending from 15 to 25 years the period over which wages are averaged to calculate the starting pension and increasing from 35 to 37 the number of contribution years required to obtain a 'full pension.' Conditional on a series of assumptions about the evolution of employment, productivity and demographics, our estimates suggest that these measures will …
The Influence of the Early Retirement Process on Satisfaction with Early Retirement and Psychological Well-Being
2010
The present study explores the influence of the early retirement process on adjustment to early retirement, taking into account the roles of individual characteristics and social context in this process. We proposed a systematic model integrating perceived ability to continue working, organizational pressures toward early retirement and group norms about early retirement as antecedents of the early retirement process and subsequent satisfaction with early retirement and psychological well-being. In addition, we examined the moderating role of the voluntariness of the early retirement transition in the proposed model. Our hypotheses were tested using a sample of 213 early retirees. We found…