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Retirement Transitions in Times of Institutional Change: Theoretical Concept

Abstract

For more than three decades, many European and other affluent societies have been following a trend of fostering older workers’ exit from employment well before reaching formal retirement ages. Yet, faced with demographic aging, many countries have undergone a substantial change in their policies toward older workers, reflected in a shift to a policy explicitly fostering longer working careers and employment retention of older workers. This introductory chapter takes this institutional shift as a starting point for developing a novel theoretical framework that conceptualizes work and retirement transitions within this changing institutional landscape.

Keywords

  • Labor Market
  • Early Retirement
  • Pension System
  • Exit Rate
  • Public Pension

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Fig. 1.1

Notes

  1. 1.

    Examples of such alternative “welfare state subsystems” for early retirement are disability benefits and unemployment pay schemes (Guillemard 1991; Kohli et al. 1991).

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Correspondence to Dirk Hofäcker .

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Hofäcker, D., Radl, J. (2016). Retirement Transitions in Times of Institutional Change: Theoretical Concept. In: Hofäcker, D., Hess, M., König, S. (eds) Delaying Retirement. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-56697-3_1

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  • DOI: https://doi.org/10.1057/978-1-137-56697-3_1

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