Type of Content: Research

Subtype: Journal Article

Resource Title: Why do Older Workers with Chronic Health Conditions Prefer to Retire Early?

Publication Title: Age and Ageing, 49(3), 403–410

Publish Date: May 2020

Background
Older workers experiencing chronic health conditions (CHCs) are more likely to retire early. The different pathways through which CHCs stimulate retirement preferences, however, remain largely unexplored.

Objective
We present a more comprehensive model in which we test the different pathways through which four specific CHCs–arthritis, cardiovascular disease, sleep disorders and psychological disorders–influence early retirement preferences. We hypothesize that the association between CHCs and early retirement preferences is differentially mediated by subjective life expectancy (SLE), perceived health-related work limitations (HRWL) and vitality.

Results
SLE, HRWL and vitality mediated the association between CHCs and older workers’ early retirement preferences. The dominant mediator differed depending on the CHC. Severe HRWL predominantly guided the retirement preferences of older workers with arthritis and cardiovascular disease. Lower vitality mainly mediated retirement preferences of older workers with sleep and psychological disorders. Lower SLE was a significant mediation pathway for older workers with cardiovascular diseases.

Conclusions
HRWL and vitality play a major role in determining retirement preferences of older workers experiencing CHCs. Since both mediators are modifiable, targeted interventions may not only extend older workers’ working lives, but also improve the quality of their working lives.

Why do Older Workers with Chronic Health Conditions Prefer to Retire Early?

Resource URL: https://bit.ly/2X5QLTB