Older workers and active ageing in France: the changing early retirement and company approach

To Leave or Not to Leave? A Multi-Sample Study on Individual, Job-Related, and Organizational Antecedents of Employability and Retirement Intentions

In view of the aging and dejuvenation of the working population and the expected shortages in employees' skills in the future, it is of utmost importance to focus on older workers' employability in order to prolong their working life until, or even beyond, their official retirement age. The primary aim of the current study was to examine the relationship between older workers' employability (self-)perceptions and their intention to continue working until their official retirement age. In addition, we studied the role of potential antecedents of their perceived employability at three different levels: training and education in current expertise area as well as in an adjacent expertise area (individual level factor), learning value of the job (job level factor), and organizational career management practices (organizational level factor). Data were collected by means of e-questionnaires that were distributed among two groups of Dutch older (45-plus) white collar workers. The samples consisted of 223 employees of an insurance company, and 325 university workers, respectively. Our research model was tested separately in each sample using Structural Equation Modeling. We controlled for effects of respondents' (self-)perceived health and (self-)perceived financial situation. Similar results were found for both samples. First, the relationship of perceived employability with the intention to continue working until one's retirement age was positive, whereas the relationship between a perceived good financial situation with the intention to continue working until one's retirement age was negative. Secondly, as regards the potential antecedents, results showed that the learning value of the job was positively related to perceived employability. In addition, an employee's perception of good health is a relevant correlate of perceived employability. So, whereas perceived employability contributes to the intention to continue working until one's retirement age, a good financial situation is a push factor to retire early. In order to promote the labor participation of older workers, this study indicates that organizations should focus on the learning possibilities that are inherent to one's job rather than on providing additional training or career management. Further research is needed to test the generalizability of our results to other samples.

Atitudes perante os Trabalhadores mais Velhos: A Perspetiva dos Estudantes Universitários

RESUMO Procuramos compreender (a) se a estrutura pentadimensional (dimensões: adaptabilidade; valia dos mais velhos para a organização; conscienciosidade e lealdade; capital social e generosidade; desempenho) do instrumento de medida das atitudes dos gestores perante os trabalhadores mais velhos anteriormente desenvolvido é replicada em uma amostra de estudantes universitários e (b) se essas atitudes ajudam a explicar as decisões dos estudantes. A amostra envolveu 278 estudantes universitários portugueses. Os principais resultados são os seguintes: (a) a estrutura pentadimensional obtida com gestores portugueses e brasileiros replica-se na amostra de estudantes; (b) apesar de os estudantes reconhecerem qualidades nos trabalhadores mais velhos, revelam inclinação para práticas discriminatórias relativamente a esses trabalhadores, e essa inclinação parece ser mais acentuada do que a identificada em gestores.

A survey of retirement intentions of Baby Boomers: an overview of health, social and economic determinants

BACKGROUND

Governments have been implementing policies aimed at halting the trend towards early retirement for Baby Boomers. Public policies can have a strong effect on when a person retires and this analysis contributes to an improved understanding of retirement aspirations in regards to health, social, workplace and economic determinants.

METHODS

In October 2011 a telephone survey was undertaken with participants aged 50 to 65 years who were in paid employment and who had been in the workforce for the previous three years. Participants were obtained from two identical South Australian cohort studies - the North West Adelaide Health Study and the Florey Adelaide Male Ageing Study. The results of the telephone survey were linked to the original cohort data. Data were weighted by sex, age, postcode and probability of selection in the household. Work related questions included how much they thought about their retirement, current occupation, employment status, type of workplace and hours worked per week. Health related questions included current smoking status, physical activity, body mass index, self-reported health status and overall life satisfaction. Uni-variable and multi-variable analyses were undertaken to compare the different associations between people who were and were not intending to retire.

RESULTS

In total, 25.9% (n = 210) of people who were currently in paid employment indicated that they intend to retire completely from the workforce. The remainder indicated that they will continue to work (41.8% retire from full-time work but work part-time, 25.7% continue working part-time but reduce their current hours, and 6.7% never retire). The multi-variable results indicate that those with lower education, having a savings habit, and sales workers more likely to anticipate complete retirement. The self-employed, and those thinking only moderately about retirement, were more likely to extend their working life beyond age 65.

CONCLUSION

An important finding of this study is the large number of Baby Boomers who indicated that they would be happy to work part-time or never retire. Policies and continued dialogue aimed at making the workplace a safe, flexible and welcoming environment to accommodate this wish, and to entice others to take up this option over complete withdrawal from the labour force, is required.