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Article
Publication date: 5 May 2020

Andres Biehl, Andrea Canales, Viviana Salinas and Guillermo Wormald

This study compares retirement in Chile and Uruguay, and focuses on current individuals legally entitled to retire, particularly women. The article analyses how labour…

Abstract

Purpose

This study compares retirement in Chile and Uruguay, and focuses on current individuals legally entitled to retire, particularly women. The article analyses how labour market and family resources shape the access of women and men to social insurance by investigating the likelihood of retirement after reaching the legal age of retirement.

Design/methodology/approach

This study uses the Longitudinal Social Protection Survey (LSPS), a biannual or triennial longitudinal survey carried out in six Latin American countries. To study gender differences in the chance of being retired, the study conducts a series of logit regression models to model retirement as a function of labour market and life course conditions as well as providing descriptive and contextual information.

Findings

Main findings support labour market explanations of gender differences in retirement. Work experience, human capital and contribution densities largely explain the chances of retirement and economic autonomy among elderly women. Further analysis reveal that they are both less likely than men to retire but also to work in old age, limiting their economic autonomy.

Research limitations/implications

Data for Uruguay are recent. To maximize comparison between countries, the paper selects the more recent waves with complete administrative information. As a result, the article uses cross-sectional data that might not capture the accumulation of family resources and could fail to provide a complete gendered life course explanation of current disadvantages faced by women.

Originality/value

The article uses novel data in order to place two Latin American countries within mainstream sociological theories of retirement, thus complementing literature that mainly focuses on European and North-American societies. The paper also documents gender gaps in retirement in two different Latin American societies, one with a traditionally generous public pension system (Uruguay) and one with a largely privately-run contributory system (Chile).

Details

International Journal of Sociology and Social Policy, vol. 40 no. 7/8
Type: Research Article
ISSN: 0144-333X

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Book part
Publication date: 10 November 2014

Alan L. Gustman and Thomas L. Steinmeier

This paper advances the specification and estimation of econometric models of retirement and saving in two earner families. The complications introduced by the interaction…

Abstract

This paper advances the specification and estimation of econometric models of retirement and saving in two earner families. The complications introduced by the interaction of retirement decisions by husbands and wives have led researchers to adopt a number of simplifications. Our analysis relaxes these restrictions. The model includes three labor market states, full-time work, partial retirement, and full retirement; reverse flows from states of lesser to greater work; an extended choice set created when spouses make independent retirement decisions; heterogeneity in time preference; varying taste parameters for full-time and part-time work; and the possibility of changes in preferences after retirement.

Details

Factors Affecting Worker Well-being: The Impact of Change in the Labor Market
Type: Book
ISBN: 978-1-78441-150-3

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Article
Publication date: 19 July 2011

Rachel A. August

This paper seeks to identify the meanings associated with retirement for a longitudinal sample of women immediately prior to and following their official retirement

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1000

Abstract

Purpose

This paper seeks to identify the meanings associated with retirement for a longitudinal sample of women immediately prior to and following their official retirement. Contextual factors which shape those meanings are also described.

Design/methodology/approach

In‐depth interviews, based on a series of interview guides were conducted with a sample of 14 women in their pre‐ and post‐retirement years. The data were coded using a grounded theory approach and typology classification schemes.

Findings

Retirement was alternately conceptualized as a new period of life affording freedoms and growth, as a natural final phase, as a frightening period due to losses, and/or as a pinnacle of accomplishment or relief. The contextual influences of family, friends, and unique attributes of one's profession (e.g. having jobs with transferrable skills and/or having physically demanding jobs) help create meanings. Finally, meanings were found to shift over time in concert with changing contexts.

Research limitations/implications

Women have a wide range of responses to their own retirement. The stereotype that they will easily replace the work role with family and/or household roles does not hold for all.

Practical implications

By truly understanding the particulars of each employee's situation, managers can assist employees in the transition into retirement such that it is a smooth one. Managers might also be able to more immediately identify employees, who would be willing to return to the organization in a consulting or short‐term capacity following retirement.

Originality/value

The longitudinal data offers a unique vantage point, such that meanings can be traced over time in a way that has not yet been documented in empirical work.

Details

Gender in Management: An International Journal, vol. 26 no. 5
Type: Research Article
ISSN: 1754-2413

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Article
Publication date: 28 March 2008

Antonio Crego, Carlos Alcover de la Hera and David Martínez‐Íñigo

This paper aims to carry out an in‐depth exploration of early retirement processes from a psychosocial perspective, identifying factors that play a relevant role in…

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1324

Abstract

Purpose

This paper aims to carry out an in‐depth exploration of early retirement processes from a psychosocial perspective, identifying factors that play a relevant role in decisions for leaving work as well as variables involved in retirement adjustment and possible outcomes for retirees.

Design/methodology/approach

Qualitative data from nine focus groups – made up of a total of 78 Spanish early retirees from different sectors of activity (industry, bank/financial services and telecommunications) – were codified and analyzed using the ATLAS.ti 5 program.

Findings

The study highlights the relevance of how organizational exit is carried out (voluntariness, perception of justice, etc.) in relation to the adjustment to retirement. The degree to which the labor market exit implies different types of rupture (psychological contract, identity, professional and personal objectives, way of life, etc.) conditions the adaptation to post‐working life. The importance of social support during the transition process from work to early retirement is pointed out.

Research limitations/implications

The study is an initial exploratory approach to the early retirement experience in Spain. Although the sample is not representative, the use of qualitative methods allows for the identification of relevant variables to include in future research. Results should be complemented by means of triangulation method, involving contrast between qualitative and quantitative strategies.

Practical implications

Organizational HRM policies should aim to promote a smoother early exit as well as guarantee “fair play” during the process. Concerning adjustment to early retirement, psychosocial programs aiming to improve coping strategies are needed.

Originality/value

The paper presents a systematic overview of early retirees' discourse, analyzing the role of different variables involved in the transition process from work to early retirement.

Details

Career Development International, vol. 13 no. 2
Type: Research Article
ISSN: 1362-0436

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Article
Publication date: 20 September 2021

Jingjing Qu

Underpinned by the attraction-selection-attrition theory, this paper aims to investigate the impact of entrepreneurship on an individual’s expected retirement age and…

Abstract

Purpose

Underpinned by the attraction-selection-attrition theory, this paper aims to investigate the impact of entrepreneurship on an individual’s expected retirement age and explore how job satisfaction and expected retirement financial insufficiency (ERFI) as key factors can explain that.

Design/methodology/approach

A framework including direct and indirect relationships among key factors is empirically tested by using a pooled data sets consists of 13,420 individuals from the UK Household Longitudinal Survey, the analysis uses the entropy balance matching method and combined with quasi-bayesian monte Carlo method and hierarchy regressions to enhance the robustness of results.

Findings

The research finds entrepreneurs plan to retire later than organizational employees. In addition, a strong mediating impact of job satisfaction and moderating role of ERFI on the relationship between entrepreneurship and expected retirement age is verified.

Originality/value

The theoretical perspective and findings offer a novel insight into the research on entrepreneurs’ decision of retirement. The findings suggest entrepreneurs as crucial policy stakeholders contribute to retirement deferment should be valued. Effective interventions could be delicately designed in the future to unleash the potential of entrepreneurship in dealing with aging challenges.

Details

Journal of Entrepreneurship in Emerging Economies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2053-4604

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Article
Publication date: 28 March 2008

Donatienne Desmette and Mathieu Gaillard

The aim of this paper is to investigate the relationship between perceived social identity as an “older worker” and attitudes towards early retirement and commitment to work.

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7731

Abstract

Purpose

The aim of this paper is to investigate the relationship between perceived social identity as an “older worker” and attitudes towards early retirement and commitment to work.

Design/methodology/approach

Survey data were obtained from 352 workers aged 50‐59. Hierarchical regression analyses were performed to test the influence of social identity after controlling for demographics, organizational variables and work‐to‐family conflict.

Findings

The results show that self‐categorization as an “older worker” is related to negative attitudes towards work (stronger desire to retire early, stronger inclination towards intergenerational competition) while the perception that the organization does not use age as a criterion for distinguishing between workers supports positive attitudes towards work (e.g. higher value placed on work).

Research limitations/implications

This study is cross‐sectional and does not allow conclusions about causality between intergroup processes and attitudes towards works. Future research should develop longitudinal designs to verify that social identity as an “older worker” does induce elders' attitudes at work.

Originality/value

Retirement is usually considered as an individual and opportunistic decision. This research highlights its social dimensions and suggests that managers should pay attention to ageism at work and its potential effects not only on the withdrawal process but also on the quality of life in the workplace.

Details

Career Development International, vol. 13 no. 2
Type: Research Article
ISSN: 1362-0436

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Article
Publication date: 17 June 2020

Janet E. McDaniel, Beverlee B. Anderson and Jennifer Jeffries

The purpose of this paper was to explore the experiences of tenured academic retirees and the decision-making process leading to their retirements. The inquiry addressed…

Abstract

Purpose

The purpose of this paper was to explore the experiences of tenured academic retirees and the decision-making process leading to their retirements. The inquiry addressed the research question, What were the factors that most influenced the decision to retire?

Design/methodology/approach

Twenty retirees from a public university were interviewed. The interview began with a multipart question about the variables that influenced the decision to retire – the positive and negative factors that “pushed against” and “pulled towards” retirement. The researchers coded the interviews, identifying common themes that contributed to responding to the research questions. Data analysis was done using the constant comparative procedure. The analysis interpreted the data to form three propositions to serve as prompts for further study.

Findings

Three propositions addressed the participants' “tipping point” where retirement was more attractive than remaining employed, the relative importance of financial vs other factors and the strong role of familial/personal factors pulling toward retirement.

Research limitations/implications

The study was conducted in a university system with contractual agreements on retirement policies and benefits and therefore might not be generalizable to dissimilar institutions. Three propositions form the basis for further research to validate. The new conception of “push” and “pull” factors can serve as a basis for future research.

Practical implications

Defined Phased Retirement Plans are recommended as a “win-win” for faculty members and the institution.

Originality/value

This paper reconceptualizes the definitions of push and pull factors in the literature on faculty retirement and enriches the understanding of the complex factors influencing the decision to retire.

Details

Journal of Applied Research in Higher Education, vol. 13 no. 1
Type: Research Article
ISSN: 2050-7003

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Article
Publication date: 21 August 2019

Cagri Bulut, Serpil Kahraman, Emir Ozeren and Sobia Nasir

The purpose of this paper is to elaborate on the preferences of parent founders within family businesses in selecting a suitable successor with the increase in life expectancy.

Abstract

Purpose

The purpose of this paper is to elaborate on the preferences of parent founders within family businesses in selecting a suitable successor with the increase in life expectancy.

Design/methodology/approach

The study presents alternative decision-making preference models of a suitable succession for parent founders based on the models of microeconomic theory in the context of family businesses.

Findings

The theories and models of economics in the current study illustrate that the increase in the life expectancy of the parent founders with their decisions toward the preference of a suitable successor under the age constraint may restrict the sustainability of their family businesses. As a result, the opportunity cost theory appears as to be at the ahead of the other theories in microeconomics in order to support the decision making of parent founders on selecting the suitable successor for the future of the family business.

Research limitations/implications

The paper illustrates the models on the preferences of the parent founder for the future of the family businesses with their perception toward the increase in overall life expectancy. The current study is limited to the perspectives of founder entrepreneurs toward an effective succession decision. Future research may consider the perspectives of in-family as well as non-family successors.

Originality/value

In the light of alternative preference decision-making models for parent founders for choosing a suitable successor under the age constraint, this study will make a noteworthy contribution to the sustainable growth of their family businesses. The approach of this study through the microeconomics not only methodologically contributes to the body of knowledge in aging and employment in general, but also to the intergenerational relationships of parent founders, especially their succession-related plans at their early stages of career.

Details

Journal of Organizational Change Management, vol. 34 no. 7
Type: Research Article
ISSN: 0953-4814

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Article
Publication date: 4 October 2019

Santosh Kumar, Gargi Pant Shukla and Roopali Sharma

The purpose of this paper is to holistically study barriers in the path of implementation of retirement planning, as the need is increasing with decrease in mortality. The…

Abstract

Purpose

The purpose of this paper is to holistically study barriers in the path of implementation of retirement planning, as the need is increasing with decrease in mortality. The proper retirement planning can be one of the most important tools to control financial expenses on healthcare and welfare on old age population in government budgets.

Design/methodology/approach

The paper is a blend of theoretical framework and practical application and uses interpretive structural modeling (ISM) analysis to draw linkage and impact of identified barriers in the path of achievement of goals of retirement planning. The study has used three different research phases: identification of barriers from the literature, interviews with experts of industry at second stage and designing an ISM impact matrix cross-reference multiplication model. The identification phase led to the selection of 15 factors from past literature and by suggestion from industrial experts.

Findings

This study seeks to identify which barrier is acting as the most dominant one for the mass adoption of retirement planning and this result is helpful for policymakers to remove the dominant barrier. The result of this analysis can make retirement planning easy by elimination of highlighted barriers on the basis of their importance in the path of achievement of retirement goals. In the ISM level diagram, barriers such as marital status, number of financial dependents at the bottom, gender, income level, educational level, financial literacy, financial dependency, policy regulation, terms and conditions, goal clarity and psychological and cultural factors are on the top. Barrier of macroeconomic and bureaucratic impediments are also very important factors for achievement of retirement goal of an individual, but they cannot be controlled directly by the associated members of industry.

Originality/value

The concern for providing sufficient retirement resources is growing with the increase in life expectancy for human beings. Such requirement has attracted views from not only academicians but also policymakers. This paper is one of the preliminary attempts to identify barriers in implementation of retirement planning and rank them according to their importance.

Details

Journal of Modelling in Management, vol. 14 no. 4
Type: Research Article
ISSN: 1746-5664

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Article
Publication date: 1 March 1987

John H. Goodfellow

An insight into the motivations of personal savers is offered here, and five different types are identified. It is seen that there is often no clear‐cut line between…

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1400

Abstract

An insight into the motivations of personal savers is offered here, and five different types are identified. It is seen that there is often no clear‐cut line between “savings” and “investments”, and only an impressionistic inter‐pretation of the findings is possible. However, this gives valuable new insights for a more detailed investigation into personal saving behaviour. The framework and context of the UK personal saving/investment market is outlined.

Details

International Journal of Bank Marketing, vol. 5 no. 3
Type: Research Article
ISSN: 0265-2323

Keywords

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