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Employers and the Management of Retirement

Bibliographic Data

ID11196897
AuthorsSarah Vickerstaff (0000-0003-2572-3582, corresponding author), Jennie Cox, Linda Keen
Year2003
Volume37
Issue3
Pages271-287
Publication date2003-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSocial Policy and Administration (JOURNAL)
Journal identifiersISSN: 0144-5596 • E-ISSN: 1467-9515
PublisherWiley (PUBLISHER • GB)
DOI10.1111/1467-9515.00338
OpenAlexW1964916109
LanguageEN
Citations received29
References cited14

In the UK early withdrawal from the labour market is seen as a risk and a cost, worsening the dependency ratio, raising public and private pension costs and threatening additional welfare expenditure over the longer term. Explanations of the retirement process have focused on the welfare state and the impact of pensions and other social security policies. This paper argues that a missing actor in these accounts is the employing organization. Early retirement in the UK has been predominantly driven by the labour requirements of employers rather than state policies to encourage older workers to take early retirement. There is a case for arguing that significant change in retirement behaviour in the UK will come primarily from the modification of employers’ policies. This research is a case study of three employers: one public‐sector and two commercial. It examines the dynamics of the retirement decision. This paper reports the public‐sector case. The findings indicate that employers, in order to reduce their pensions liabilities and stem the cost of early retirement, are trying to regain control of the retirement process. The employees interviewed felt they experienced little choice concerning their retirement, had limited knowledge of the options open to them and found pensions complicated and confusing

Business · Control (management · Economic growth · Economics · Labour economics · Market economy · Order (exchange · Pension · Political science · Politics · Private sector · Public economics · Public sector · Social security · Welfare · Welfare state · Employment and Welfare Studies · Finance · Retirement, Disability, and Employment · Social Policy and Reform Studies

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Unique citing works29
Citations per year1,38
Citation span2005 - 2024 (20)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 29
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