Planned retirement age: do attachment to work and expectations relating to workplace adjustments matter?

Abstract

Purpose

In the context of population aging, retirement has become a central issue in academic, professional and government discourse. A consensus can be seen to be emerging around the idea of postponing retirement in favor of promoting active aging. From this perspective, the purpose of this study, using work-role attachment theory and met expectations theory, is to focus on the pre-retirement period and aims to better understand how certain individual factors and expectations explain the planned age of retirement.

Design/methodology/approach

An online survey was administered in 2015 to employees aged 45 and over working at a Canadian firm in the high-technology sector.

Findings

The results show that career commitment, attachment to work and expectations relating to workplace adjustments prior to retirement were positively associated with planned retirement age, whereas expectations relating to professional development showed a negative association with this variable.

Practical implications

This study fits into a line of research focusing on the end-of-career period and sheds light on the decision to retire by looking closely at the impact of employment conditions and human resource management practices on this decision. In a labor market context marked by high numbers of workers aged 55 and older, combined with the increasingly critical need for skilled labor and considering the expectations of workers leading up to their retirement could help to better plan these workers' end-of-career period.

Originality/value

Many studies have examined the characteristics of retirees after retirement. The authors’ study is one of the few that examines the aspirations of workers between the ages of 45 and 55 who are still employed but are beginning to consider their retirement plans, including the decision to continue working longer. Its originality also lies in combining work-role attachment theory and met expectations theory.

Citation

Dufour, M.-E., Saba, T. and Ballesteros Leiva, F. (2021), "Planned retirement age: do attachment to work and expectations relating to workplace adjustments matter?", Equality, Diversity and Inclusion, Vol. 40 No. 7, pp. 892-906. https://doi.org/10.1108/EDI-09-2020-0281