Work-related factors as predictors in the retirement decision-making process of older workers in the Netherlands

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Abstract

This article examines work-related factors and their impact on the retirement decision-making process. We particularly focus on organisational human resources policies and normative climate regarding retirement. Organisations create opportunities and conditions for career extension via their personnel instruments. The normative climate may encourage or discourage retirement. We use a ten-year followup study among , older employees in the Netherlands aged 50-59 at baseline. Results reveal that older workers are sensitive to social approval earned from their coworkers and supervisor. A social climate that supports working up to higher ages is an important requisite for reducing the attractiveness of the early retirement option. Retirement intentions, formed in the years prior to retirement, are shaped by workplace norms and supervisors’ attitudes. Results indicate that in order to delay retirement, policy initiatives cannot be reduced to altering financial restrictions surrounding retirement but need to address the forces at the organisational level that channel workers out of employment. KEY WORDS – retirement intention, retirement timing, organisational context, normative context, supervisor support. Introduction
Original languageEnglish
Pages (from-to)1551-1574
JournalAgeing & Society
Volume34
Issue number9
DOIs
Publication statusPublished - 2014

Keywords

  • work-related factors
  • predictor
  • retirement
  • decision making
  • SSCI

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