Factors Associated with Employment Status in Later Working Life

Paul R. Jackson and Philip E. Taylor
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Paul R. Jackson: MRC/ESRC Social and Applied Psychology Unit at the University of Sheffield
Philip E. Taylor: Policy Studies Institute, London

Work, Employment & Society, 1994, vol. 8, issue 4, 553-567

Abstract: This article reports on factors affecting the withdrawal of older workers from the labour market associated with unemployment, premature retirement and retirement at 65 years of age. Longitudinal data from three interviews with 175 adult males are examined; and findings show a process of psychological withdrawal from the labour market reflecting changes in personal identity which occur prior to reaching the formal retirement age, most strongly for those without heavy financial commitments. For most of those interviewed, retirement was a preferred option to unemployment, and allowed them to regain control over their lives. Older workers whose financial needs keep them in the employment market are doubly disadvantaged since they cannot select the route of early retirement and find it much harder to compete with younger people.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:woemps:v:8:y:1994:i:4:p:553-567

DOI: 10.1177/095001709484004

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