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Book Cover
Book
Author Drew, Jacqueline M.

Title The process of participation and phased retirement : evidence from mature-aged workers in Australia / Jacqueline M. Drew and Michael E. Drew
Published Teneriffe, Qld. : Post Pressed, 2005

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Location Call no. Vol. Availability
 MELB  331.3980994 Dre/Pop  AVAILABLE
Description xxxi, 129 pages, xiii : illustrations, charts, tables ; 25 cm
regular print
Contents Machine derived contents note: 1. INTRODUCTION 1 -- 1.1 ORGANISATION OF THE STUDY 1 -- 2. LITERATURE REVIEW -- 2.1 INTRODUCTION 3 -- 2.2 TRENDS IN LABOUR MARKET PARTICIPATION 5 -- 2.2.1 Gender 5 -- 2.2.2 Age cohorts 6 -- 2.2.3 Forecast participation rates 8 -- 2.3 PRODUCTIVE AGEING 9 9 -- 2.4 THE ECONOMICS OF LABOUR SUPPLY AND PARTICIPATION 11 -- 2.5 MODELS AND VARIABLE SELECTION 16 -- 2.5. 1 Multiple group structural equation model of participation; structural equation model -- of phased retirement; additional variables 16 -- Pre- and post-retirement economic well-being 19 -- P la n s fo r re tire m e n t 2 0 -- Personal organisational attitudes 20 -- Stereotypes of mature workers 21 -- Organisational programs for mature workers 21 -- Pre- and post-retirement health status 22 -- Voluntariness of retirem ent 22 -- A ttitudes to retirem e nt 22 -- R etire m e nt adjustm e nt 23 -- Additional Variables 23 -- 2.5.2 Organisational perspective 23 -- 2.6 RESEARCH QUESTIONS 28 -- 3. METHOD 29 -- 3 .1 S UBJECTS 2 9 -- 3.1.1 Phase 1 Individual Respondents 29 -- 3.1.2 Phase 2 Organisational Respondents 34 -- 3.2 MEASURES 36 -- 3.2.1 Phase 1 Individual Questionnaire 36 -- Personal Organisational Attitudes 36 -- Organisational Commitment 36 -- Overall job satisfaction 39 -- W o rk ce ntrality 39 -- Stereotypes of Mature W orkers 39 -- Current Health Status/Post-retirement Health Status and Pre-Retirement Health Status 40 -- Planning for Retirement 40 -- Attitudes towards Retirement 40 -- Current Economic Well-Being/Post-retirement Economic Well-Being and Pre-Retirement Economic -- W e ll-B e ing 4 0 -- Current Income Satisfaction and Pre-Retirement Income Satisfaction 41 -- Current Income and Pre-Retirement Income 41 -- Source of Current Income 41 -- Organisational Programs for Mature Workers 41 -- Voluntariness of Retirement 41 -- Retirement Adjustment 42 -- Retirement Satisfaction 42 -- Preference for Work 43 -- Preferred Hours of Work 43 -- Reasons for Work in Retirement 43 -- Job Search Strategies 43 -- R etra ining 4 3 -- Number of Hours in Paid Employment 43 -- Employment Type 43 -- Re-training Experience 44 -- 3.2.2 Phase 2 Organisational Questionnaire 44 -- Categorisation of Mature Worker Policies 45 -- Personal Organisational Attitudes 45 -- Additional questions 45 -- 3.3 PROCEDURE 45 -- 3.3.1 Phase 1 Individual Questionnaire 45 -- 3.3.2 Phase 2 Organisational Questionnaire 46 -- 4. RESULTS 47 -- 4.1 DESCRIPTIVE STATISTICS 47 -- 4.1.1 Multiple-Group Model Variables 47 -- 4.1.2 Retired Full Model Variables -- 4.2 STRUCTURAL EQUATION MODELLING (SEM) -- 4.2. 1 Multiple-Group SEM -- 4.2.2 Retired Full Model SEM -- 4.3 ANALYSIS OF VARIABLES -- 4.3.1 Phase 1: Individual Respondents -- 4.3.1.1 Not Retired versus Retired Groups -- Personal O rganisational Attitudes I -- M ature W orker Stereotypes ( -- Pre-retirement Health Status ( -- P lanning for R etirem ent E -- Attitudes to Retirement -- Pre-retirem ent econom ic w ell-being 6 -- Pre-retirement income satisfaction 6 -- Pre-retirement Income 6 -- Source of Income in Retirement 6 -- Organisational Programs for Mature Workers 6 -- Working in Retirement 6 -- Reasons for Working in Retirement 6; -- Desirability to Engage in the Labour Market 7( -- Job Search Strategies 7( -- Personal Organisational Attitudes of those Working in Retirement 71 -- Type of Current Employment of those Working in Retirement 71 -- Number of Hours in Paid Employment of those Working in Retirement 71 -- 4.3.1.2 Not Retired versus Retired Groups by Gender 73 -- Personal Organisational Attitudes 73 -- M ature W orker Stereotypes 73 -- Pre-retirement Health Status 75 -- P lanning for R etirem ent 76 -- Attitudes to Retirement 76 -- Pre-retirem ent econom ic w ell-being 77 -- Pre-retirement income satisfaction 78 -- P re-retirem ent Incom e 78 -- Source of incom e in retirem ent 78 -- Organisational Programs for Mature Workers 80 -- W orking in R etirem ent 80 -- Reasons for Work in Retirement 80 -- Desirability to Engage in the Labour Market 82 -- Job Search Strategies 82 -- Personal Organisational Attitudes of those Working in Retirement 84 -- Type of Current Employment of those Working in Retirement 84 -- Number of Hours in Paid Employment of those Working in Retirement 86 -- 4.3.1.3 Replacement ratio 86 -- 4.3.2 Phase 2: Organisational Respondents 88 -- Organisational Analysis 88 -- Categorisation of Mature Worker Policies 88 -- Costs and Benefits of Employing Mature Workers 89 -- Mature Worker Stereotypes 89 -- Planning for Retirement 92 -- Voluntariness of Retirement 94 -- Organisational Programs for Mature Workers 94 -- Personal Organisational Attitudes 95 -- 5. DISCUSSION 97 -- 5.1 INTRODUCTION 97 -- 5.2 RESEARCH QUESTION 1: TO IDENTIFY HOW TO INCREASE THE PARTICIPATION OF MATURE WORKERS IN -- THE LABOUR MARKET 97 -- 5.2.1 Economic factors 98 -- The inverse relationship between economic well-being and participation 98 -- Participation, policy distortions and the replacement ratio 98 -- Job search strategies and participation 100 -- 5.2.2 Psychological factors 101 -- Consumer preferences, participation and psychology 101 -- The positive relationship between stereotypes and participation 102 -- The positive relationship between organisational programs and participation 104 -- Targeted strategies for female mature workers and participation 106 -- 5.3 RESEARCH QUESTION 2: TO IDENTIFY BARRIERS TO PARTICIPATION 106 -- 5.3.1 Economic barriers 106 -- The barrier of economic status 107 -- Emphasis on financial planning for retirement as a barrier 107 -- 5.3.2 Psychological barriers 108 -- Stereotypes and the barrier of perception 109 -- Employment type barriers to phased retirement 110 -- Recruitment barriers for mature workers 110 -- 5.4 RESEARCH QUESTION 3: TO IDENTIFY THE COSTS AND BENEFITS, PRICE AND NON-PRICE, OF -- ENGAGING MATURE WORKERS FROM THE PERSPECTIVE OF THE EMPLOYEE (SUPPLY-SIDE) AND EMPLOYER -- (DEMAND-SIDE) 111 -- 5.4. 1 Costs and benefits for the organisation 111 -- Organisational benefit of implementing mature worker programs 112 -- Program costing and administration 114 -- Managing higher employment costs of mature workers 114 -- 5.4.2 Costs and benefits for the individual 115 -- Economic well-being as a benefit 115 -- Psychological well-being as a benefit 115
Summary This report examines the participation and phased retirement decisions of mature-aged workers in the Australian labour market
Analysis Older workers
Employment participation rates
Retirement
Transition from work to retirement
Statistics
Surveys
Reviews of research
Notes At head of title: National Seniors Productive Ageing Centre
"Facuity of Business,School of Economics and Finance,Queensland University of Technology."
"National Seniors."
"Department of Health and Ageing, Australian Government."
"University of the Sunshine Coast."
Bibliography Includes bibliographical references
Subject Age and employment -- Australia.
Age discrimination in employment -- Australia.
Early retirement -- Australia.
Retirement age -- Australia.
Author Drew, Michael E.
National Seniors Productive Ageing Centre
LC no. 2006494859
ISBN 1876682868