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Centre for Policy on Ageing | |
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Impacts of voluntary and involuntary workforce transitions at mature ages
— longitudinal evidence from HILDA | | Author(s) | Cathy Honge Gong, Hal Kendig |
| Journal title | Australasian Journal on Ageing, vol 37, no 1, March 2018 |
| Publisher | Wiley, March 2018 |
| Pages | pp 11-16 |
| Source | http://wileyonlinelibrary.com/journal/ajag |
| Keywords | Employment of older people ; Retirement ; Psychology [retirement] ; Retirement [impact/effect of] ; Well being ; Longitudinal surveys ; Australia. |
| Annotation | The purpose of this study was to assess changes in health, wellbeing and welfare dependency associated with yearly workforce transitions from working to not working among people aged between 45 and 64 years. This was a transition analysis of nationally representative longitudinal data from the Household Incomes and Labour Dynamics in Australia (HILDA) survey 2002-2011. Overall findings showed that people who voluntarily left paid work had reasonable control over their situations and their satisfaction remained relatively stable even with deteriorating health and increasing welfare dependency. Those who involuntarily left paid work had less control and preparedness, and they experienced significant decreases in their satisfaction with life overall, finances and health. They were also more likely to be psychologically distressed, welfare dependent and had a higher probability to return to paid work. Voluntary and involuntary workforce transitions have different impacts on health and wellbeing. Enabling mature aged workers to work longer can yield benefits for both individual wellbeing and government budgets. (JL). |
| Accession Number | CPA-180406210 A |
| Classmark | GC: G3: G7: G8: D:F:5HH: 3J: 7YA |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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