Centre for Policy on Ageing
 

 

To leave or not to leave
 — retirement intentions and retirement behaviour
Author(s)Per Erik Solem, Astri Syse, Trude Furunes
Journal titleAgeing and Society, vol 36, no 2, February 2016
PublisherCambridge University Press, February 2016
Pagespp 259-281
Sourcejournals.cambridge.org/aso
KeywordsEmployment of older people ; Attitudes to retirement ; Preparation [retirement] ; Early retirement ; Postponement [retirement] ; Longitudinal surveys ; Quantitative studies ; Norway.
AnnotationResearch on the correspondence between retirement intentions and subsequent behaviour is scarce. The authors used five-year high-quality quantitative panel data on Norwegian older workers, to explore possible associations between retirement intentions and behaviour.Retirement intentions operate at different levels of firmness: (a) considerations; (b) preferences; and (c) decisions. Compared to work continuation considerations, a targeted age for retirement improved predictive power, whether the target was preferred or decided, and particularly so if the target (i.e. the preferred or decided age of retirement), corresponded with a normative retirement age. Because more workers are able to state a preferred age of retiring than a decision about when to retire, preferences may be better proxies for retirement behaviour than decisions, when the issue is planning for policies. The correspondence between intentions and behaviour varies primarily by health, education and type of work. Older workers with poor health and workers with low education often retire earlier than they would prefer. Blue-collar workers often retire earlier than they had decided. These findings illustrate the possible effect of labour market resources, not only for older workers' labour market participation, but also for their opportunities to work up to the age they prefer or had decided. Even for white-collar workers and those in good health, constraints seem to apply when they wish to retire late. (RH)
Accession NumberCPA-160205202 A
ClassmarkGC: G7:DP: GA: G5M: G5H: 3J: 3DQ: 76N

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