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Health- and Age-Related Workplace Factors as Predictors of Preferred, Expected, and Actual Retirement Timing: Findings from a Swedish Cohort Study

Author

Listed:
  • Marta Sousa-Ribeiro

    (Department of Psychology, Stockholm University, 10691 Stockholm, Sweden)

  • Claudia Bernhard-Oettel

    (Department of Psychology, Stockholm University, 10691 Stockholm, Sweden)

  • Magnus Sverke

    (Department of Psychology, Stockholm University, 10691 Stockholm, Sweden)

  • Hugo Westerlund

    (Department of Psychology, Stockholm University, 10691 Stockholm, Sweden)

Abstract

To address the challenges of demographic aging, governments and organizations encourage extended working lives. This study investigates how individual health- and age-related workplace factors contribute to preferred, expected and actual retirement timing, as well as to the congruency between preferences vs. expectations, and preferences vs. actual retirement. We used data from a representative Swedish longitudinal sample comprising 4058 workers aged 50–64, with follow-up data regarding actual retirement timing available for 1164 respondents. Multinomial logistic regression analyses suggest that later preferred, expected, and actual retirement timing were, to different extent, influenced by better health, an age-friendly workplace and feeling positive regarding the future at work. Emotional exhaustion, age-related inequalities at work and experiencing aging as an obstacle increased the likelihood of preferring to retire earlier than one expected to, over retiring at the time one expected to. Those with better health and positive work prospects were less likely to prefer retiring earlier than they expected to, and more likely to being “pulled toward working until 65 and beyond”, compared to being “pulled toward early retirement”. Experiencing aging as an obstacle decreased the chances of being “pulled toward working until 65 and beyond”. The results provide insights on how to facilitate extended working lives.

Suggested Citation

  • Marta Sousa-Ribeiro & Claudia Bernhard-Oettel & Magnus Sverke & Hugo Westerlund, 2021. "Health- and Age-Related Workplace Factors as Predictors of Preferred, Expected, and Actual Retirement Timing: Findings from a Swedish Cohort Study," IJERPH, MDPI, vol. 18(5), pages 1-25, March.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:5:p:2746-:d:513090
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    References listed on IDEAS

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    4. Nardi Steverink & Gerben J. Westerhof & Christina Bode & Freya Dittmann-Kohli, 2001. "The Personal Experience of Aging, Individual Resources, and Subjective Well-Being," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 56(6), pages 364-373.
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    Cited by:

    1. Johanna Stengård & Constanze Leineweber & Marianna Virtanen & Hugo Westerlund & Hui-Xin Wang, 2022. "Do good psychosocial working conditions prolong working lives? Findings from a prospective study in Sweden," European Journal of Ageing, Springer, vol. 19(3), pages 677-688, September.
    2. Lisa Toczek & Hans Bosma & Richard Peter, 2022. "Early retirement intentions: the impact of employment biographies, work stress and health among a baby-boomer generation," European Journal of Ageing, Springer, vol. 19(4), pages 1479-1491, December.
    3. Pia Hovbrandt & Per-Olof Östergren & Catarina Canivet & Maria Albin & Gunilla Carlsson & Kerstin Nilsson & Carita Håkansson, 2021. "Psychosocial Working Conditions and Social Participation. A 10-Year Follow-Up of Senior Workers," IJERPH, MDPI, vol. 18(17), pages 1-14, August.

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