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Article
Publication date: 14 September 2022

Amberyce Ang, Cynthia Chen and Kalyani Mehta

The practice of mandatory retirement age implies that some retirees may be forced to retire or are compelled to continue working. Retirement would then be determined by…

Abstract

Purpose

The practice of mandatory retirement age implies that some retirees may be forced to retire or are compelled to continue working. Retirement would then be determined by age and not by their personal choices. Against this backdrop, this study aims to understand the associations retirement transition types (voluntary or involuntary retirement) with retirement satisfaction and life satisfaction.

Design/methodology/approach

This mixed research study seeks to understand how the retirement transition type in the form of voluntary or involuntary retirement is associated with retirement satisfaction and life satisfaction. In this study, 103 Singapore baby boomer retirees were interviewed and a questionnaire was administered.

Findings

Results showed that voluntary retirement and high social–emotional resources had significant positive associations with retirement satisfaction, and that financial resources and retirement satisfaction had significant associations with life satisfaction.

Research limitations/implications

Based on this study’s findings, a synthesized conceptual model was designed to illustrate the different roles and associations of resources with retirement satisfaction and life satisfaction. A retirement trajectory model was also created to cater for policy design at various stages of the retirement experience.

Practical implications

The retirement experience is multi-dimensional. It is highly relevant to almost every older adult. The relevance of this topic also meant that the findings in this study carry a potentially higher impact. Using the life span and multi-level perspectives to examine retirement, the findings in this study invite several timely human resources (HR) and national policy reviews. This paper proposed HR policy practices at three main points – late-career, retirement and bridge employment.

Originality/value

A unique feature of this study was to differentiate and compare “retirement satisfaction” with “life satisfaction”, and the differentiation of “retirement transition”, “retirement adjustment” and the “retirement trajectory”. The differentiation of these concepts can better shape policies targeted at different phases of the retirement experience. In addition, the resource-based dynamic perspective was used to identify and understand the types of resources that have significant associations with retirement and life satisfaction. For example, social–emotional resources were found to be significantly associated with retirement satisfaction, and financial resources were found to be significantly associated with life satisfaction.

Details

Working with Older People, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1366-3666

Keywords

Article
Publication date: 1 August 1993

Salem M. Altuhaih

Early retirement in the Arabian Gulf States and in Kuwait inparticular became a public issue before and after the Gulf War. Reportsa recent study of Kuwaiti nationals who…

Abstract

Early retirement in the Arabian Gulf States and in Kuwait in particular became a public issue before and after the Gulf War. Reports a recent study of Kuwaiti nationals who retired from the Government sector from 1979 to 1989: more than 84 per cent of the sample were 50 years of age and younger; more than 70 per cent of the women and 52 per cent of the men were college graduates; more than 74 per cent of the women and 32 per cent of the males spent less than 25 years in service; and more than 51 per cent of men and 42 per cent of women worked after their retirement. The sample considered early retirement benefits and management‐organizational factors to be the major influences on their early retirement decision and proposed improving the management‐organization factors through training, managerial development, career development, and counselling as means for reducing the outflow of Kuwaiti manpower from the Government sector, and offsetting the early retirement trend.

Details

International Journal of Manpower, vol. 14 no. 8
Type: Research Article
ISSN: 0143-7720

Keywords

Article
Publication date: 1 February 1998

Karen Martin Gibler, James R. Lumpkin and George P. Moschis

Factors such as retirement and declining health may trigger older Americans to move into retirement housing. Most mature consumers make this decision in consultation with…

1968

Abstract

Factors such as retirement and declining health may trigger older Americans to move into retirement housing. Most mature consumers make this decision in consultation with their family. Understanding the timing and decision‐making process is necessary to properly position and promote retirement housing. A national survey of retirement housing residents found that most moves were prompted by financial considerations, retirement, and health problems. Although most seniors made the final decision to move themselves, children and physicians were influencers. Thus, retirement housing must be promoted to family members and health care workers as well as potential residents.

Details

Journal of Consumer Marketing, vol. 15 no. 1
Type: Research Article
ISSN: 0736-3761

Keywords

Article
Publication date: 1 January 1976

James W. Walker and Karl F. Price

Retirement: is it the ‘golden years’ or is it relegation to the ‘human scrapheap’? In reality, it may be either, depending on a multitude of factors interrelated in a…

Abstract

Retirement: is it the ‘golden years’ or is it relegation to the ‘human scrapheap’? In reality, it may be either, depending on a multitude of factors interrelated in a complex process. This paper presents a model that describes this process and explains the retirement decision in behavioural terms. The model also shows the interaction between environmental, institutional and individual variables; their impact on retirement; and the impact of retirement upon them.

Details

Personnel Review, vol. 5 no. 1
Type: Research Article
ISSN: 0048-3486

Article
Publication date: 1 July 1983

W.E. Beveridge

With the development over recent years of Preparation for Retirement (PFR) courses, it has become a matter of concern to evaluate the relevance of their content and method…

Abstract

With the development over recent years of Preparation for Retirement (PFR) courses, it has become a matter of concern to evaluate the relevance of their content and method to those who participate. Beveridge and Rives and Siegel suggest that programmes have tended to concentrate too much on information giving, largely on environmental issues like health, finance and housing, to the neglect of problems of psychological adjustment. Gilmore has pointed out that there is no evidence that teaching styles and methodologies appropriate to older people have been given sufficient consideration by course planners.

Details

Journal of European Industrial Training, vol. 7 no. 7
Type: Research Article
ISSN: 0309-0590

Article
Publication date: 15 June 2010

Kenneth S. Shultz and Kène Henkens

The purpose of this overview is to provide a brief introduction to the topic of retirement, noting five key issues and directions for future research which are addressed…

1575

Abstract

Purpose

The purpose of this overview is to provide a brief introduction to the topic of retirement, noting five key issues and directions for future research which are addressed collectively in the compilation of papers that follow: the changing nature of retirement; the need for an interdisciplinary perspective on retirement; the need to look at both individual and organizational perspectives; international variations in contexts and processes; and the need for a broad methodological perspective. The authors then outline and summarize the seven studies included in this special issue, as well as acknowledge those who were instrumental in bringing this special issue to fruition.

Design/methodology/approach

The International Journal of Manpower's usual double blind review process was used to select the seven papers included in this special issue. The papers themselves represent a wide variety of designs, methodologies, and analytic strategies used to study retirement. In addition, a wide variety of disciplinary approaches and levels of analyses and perspectives are employed across the seven studies.

Findings

The findings of the studies included in this special issue touch on retirement planning and decision making, as well as employer perspectives on the global aging workforce.

Practical implications

Each article includes practical implications with regard to retirement for the country and/or constituents examined in the study.

Originality/value

Taken as a collective, the papers in this special issue help to propel forward in significant ways the study of retirement from an international and interdisciplinary perspective.

Details

International Journal of Manpower, vol. 31 no. 3
Type: Research Article
ISSN: 0143-7720

Keywords

Article
Publication date: 1 April 2004

Saundra K. Morelos and Brian H. Kleiner

The County Employees Retirement Law of 1937 paved the way for employer‐sponsored retirement programmes to be created. One such programme is the Orange County Employees…

182

Abstract

The County Employees Retirement Law of 1937 paved the way for employer‐sponsored retirement programmes to be created. One such programme is the Orange County Employees Retirement System. It was implemented in 1945 to provide retirement benefits for public service employees. Since that time, many new developments have resulted in changing the system to better service the members. Those new developments include SB 558, the cancer presumptive bill, AB 1817 affecting disability retirement, AB2841 increasing employer contributions, and AB1937 increasing retirement allowances. Using Orange County as an example, these developments are analysed according to their affects upon employees. The significance of these developments for employers and employees of all companies is to encourage the appropriate action necessary to implement change in a positive way for all members of a retirement scheme.

Details

Management Research News, vol. 27 no. 4/5
Type: Research Article
ISSN: 0140-9174

Keywords

Article
Publication date: 1 December 1995

A. John Maule

Following a brief review of research on special early retirement,provides a summary of a recent extensive study by Maule, Cliff andTaylor (in press) and re‐interprets the…

892

Abstract

Following a brief review of research on special early retirement, provides a summary of a recent extensive study by Maule, Cliff and Taylor (in press) and re‐interprets the findings of this study in the context of the development of effective early retirement schemes. Discusses effectiveness in terms of the factors which are important in the decision and how these should be presented, the worries and concerns which people have about early retirement and how these should be addressed, ways of helping people make the decision and the factors at the point of decision that are likely to affect the quality of life in retirement. Considers of the ways in which each of these factors affect different groups of workers and the possibility that retirement schemes can be targeted to be differentially attractive to different groups.

Details

Personnel Review, vol. 24 no. 8
Type: Research Article
ISSN: 0048-3486

Keywords

Article
Publication date: 29 August 2022

Khaled Lahlouh, Aïcha Oumessaoud and Moustafa Abdelmotaleb

The aim of this study is to investigate the effect of person–environment (P–E) fit, specifically person–organization (P–O) fit, on retirement intentions through a serial…

Abstract

Purpose

The aim of this study is to investigate the effect of person–environment (P–E) fit, specifically person–organization (P–O) fit, on retirement intentions through a serial mediation mechanism mobilizing person–job (P–J) fit and affective organizational commitment as mediators.

Design/methodology/approach

The relationships were examined using the Hayes (2013) serial mediation model. A time-lag approach was adopted, with data collected from managers aged 50 and over working in the French banking sector (N = 204).

Findings

The empirical results show that the P–O fit is both directly and indirectly related to retirement intentions through P–J fit and affective organizational commitment. Nevertheless, the study’s findings show the explanatory power of the authors’ antecedents to predict the two types of retirement considered in this study.

Originality/value

By considering retirement in its plurality this study extends prior research models by examining the mechanisms through which P–O fit influences different retirement intentions.

Details

Evidence-based HRM: a Global Forum for Empirical Scholarship, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2049-3983

Keywords

Article
Publication date: 28 June 2022

Robert Osei-Kyei, Timur Narbaev, Michael Atafo-Adabre, Nicholas Chileshe and Joseph Kwame Ofori-Kuragu

The demand for retirement villages globally has been increasing due to the rapid growth in the ageing population in recent years. To address the rising challenges in the…

Abstract

Purpose

The demand for retirement villages globally has been increasing due to the rapid growth in the ageing population in recent years. To address the rising challenges in the retirement market, the public–private partnership (PPP) has become a feasible method to develop retirement villages. This paper aims to survey and examine the key success criteria (SC) for using the PPP approach in the retirement village sector.

Design/methodology/approach

An empirical questionnaire survey was conducted with experts experienced in international PPP and retirement village. The analysis was conducted using one-way analysis of variance, mean score analysis, Kendall’s coefficient of concordance and factor analysis.

Findings

Results indicate that out of the 16 recognized SC, the most significant ones are SC1: “Affordability”, SC11: “Reduced social isolation of residents” and SC14: “Improvement of emotional wellbeing of residents”. Furthermore, results from the factor analysis technique indicate that the 16 SC can be classified into five major factor groupings, and these include SCG1 – “Financial performance of project”; SCG2 – “Adherence to design and technical specifications”; SCG3 – “Adherence to local council/authority’s environmental health and socio-economic requirements”; SCG4 – “Social inclusion and risk management”; and SCG5 – “Advancement in emotional wellbeing and physical health of residents”.

Originality/value

The study will sufficiently assist retirement village stakeholders, retirement village project participants and related government authorities of the best measures to put in place to maintain the sustainable development of the global retirement village market.

Details

Construction Innovation , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1471-4175

Keywords

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