Retaining older workers: The effect of phasedretirement on delaying early retirement

Åsmund Hermansen

19 citations0/0 files storedNordic Journal of Social Research

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Retirement, Disability, and Employment Labor Law and Work Dynamics Financial Literacy, Pension, Retirement Analysis

Abstract

Introduction: Phased retirement involves reducing working time in the finalyears before retirement. The aim of phased retirement is to extend working careers and retain older workers who would otherwise opt for full earlyretirement. This article investigates the effect of offering phased retirement onearly-retirement behaviour in Norway. Method: The data used in the analysis covers the period between 2000 and2010 and comprises all employees between 61 and 62 years of age (N= 18 174) who were employed in any of the 442 companies that participated in a2010 survey carried out by the Fafo Institute for Labour and Social Research and Respons Analyse AS, a Norwegian research firm. I use a difference-indifferences approach and logistic regression, which enables the measurementof changes in the individual relative risk of retiring full-time on the contractual pension (AFP, avtalefestet pensjon , contractual early-retirement pension,) before and after the introduction of phased retirement as a retention measure. Results: The results show that working in a company that offers reducedworking hours for older workers does not have an effect on the relative risk ofa 61-or 62-year-old withdrawing a full contractual pension in the next two years of their employment. This result is evident both before and after controlling for a range of known individual risk factors, as well as after controlling for company characteristics. Discussion: In the search for suitable measures for retaining older workers,offering phased retirement may still be part of the answer. Though my analysis does not support the idea that more flexible working hours is a decisive factor for those who choose to opt for full early retirement, a possiblenext step could be to investigate the impact of offering flexible working hourson the employment duration of those who do remain in employment. Keywords Difference-in-differences early retirement older workers retention measures phased retirement

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 19 citations exist upstream.

References

2005Fixed-Effects and Related Estimators for Correlated Random-Coefficient and Treatment-Effect Panel Data Models 1987Were They Pushed or Did They Jump?1997Were They Pushed or Did They Jump? Individual Decision Mechanisms in Education.2008‘Voluntary’ and ‘involuntary’ early retirement: an international analysis 2006Globalization, Uncertainty and Late Careers in Society 1996Can We Afford to Grow Older?2012Causal Effects of Retirement Timing on Subjective Physical and Emotional Health 2007Social Security Programs and Retirement around the World

Cited by

2023Early retired or automatized? Evidence from the survey of health, ageing and retirement in Europe

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.