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Which of Australia's Baby Boomers Expect to Delay their Retirement? An Occupational Overview

Citation

Jackson, N and Walter, MM, Which of Australia's Baby Boomers Expect to Delay their Retirement? An Occupational Overview, Australian Bulletin of Labour, 36, (1) pp. 29-83. ISSN 0311-6336 (2010) [Professional, Refereed Article]

Abstract

This paper examines the retirement intentions of Australian Baby Boomers by occupation. Workers from 14 of 35 occupations expect to retire earlier than the national average of 64.3 years, with ‘white collar’ workers more likely to be among the early retiring, and ‘blue collar’ workers among the late. Early-retiring intentions will be reinforced by short gaps between preferred and expected retirement age, relatively high levels of financial security and formal discussion about retirement, yet lower than average levels of desire for transition-to-retirement arrangements; late-retiring intentions will be reinforced by more or less the opposite. Early-retiring occupations are also the largest and have the potential to cost the economy 1.26 million person-years of working life. The findings indicate that policy interventions should be targeted, that interventions should include non-economic inducements and reforms, including efforts to ensure a healthier longer work life, and that Baby Boomer retirement needs to be ‘managed’ at an institutional level.

Item Details

Item Type:Professional, Refereed Article
Research Division:Studies in Human Society
Research Group:Sociology
Research Field:Social Change
Objective Division:Expanding Knowledge
Objective Group:Expanding Knowledge
Objective Field:Expanding Knowledge through Studies of Human Society
Author:Walter, MM (Professor Maggie Walter)
ID Code:84875
Year Published:2010
Deposited By:Social Sciences
Deposited On:2013-06-05
Last Modified:2013-06-05
Downloads:0

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