Year

2017

Series

WE Focus series

DOI

10.17848/9780880995290

Abstract

Aging men and women are increasingly remaining in the labor force. Most often the reason for this is that they need to work additional years in order to be able to support an increasing number of years in retirement. This leaves employers scrambling for ways to adapt to a growing number of retirement-aged workers. Clark and Morrill provide a thorough assessment of the costs and benefits of accommodating later retirement ages, and they describe options employers may use to create some new form of employment contract with aging workers.

The most prominent issues employers with aging workers face are declining productivity, rising labor and benefits costs, and a suboptimal age distribution of their workforces. According to the authors, employers could respond to these issues by finding new ways to accommodate older workers with, for instance, phased retirement and return-to-work policies. But the success of such policies also depends on tax policies and whether government-provided retirement benefits could be redesigned to play a role in a newly-defined employment relationship.

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Contents

  1. Employers' Perspectives on Delayed Retirement
  2. Costs and Benefits of Delayed Retirement
  3. Alternative Late Career Employment Arrangements
  4. The Role of Public Policies
  5. The Future of Working Longer

ISBN

9780880995283 (pbk)

Subject Areas

LABOR MARKET ISSUES; Retirement and pensions

Extending Work Life: Can Employers Adapt When Employees Want to Delay Retirement?

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Citation

Clark Robert and Melinda Morrill. 2017. Extending Work Life: Can Employers Adapt When Employees Want to Delay Retirement? Kalamazoo, MI: W.E. Upjohn Institute for Employment Research. https://doi.org/10.17848/9780880995290

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