scholarly journals Economic Retirement Age and Lifelong Learning: A Theoretical Model With Heterogeneous Labor, Biased Technical Change and International Sourcing

2019 ◽  
Vol 20 (2) ◽  
pp. 129-170 ◽  
Author(s):  
Thomas Gries ◽  
Stefan Jungblut ◽  
Henning Meyer ◽  
Tim Krieger

Abstract The employability of an aging population in a world of continuous and biased technical change is top of the political agenda. Due to endogenous human capital depreciation the effective retirement age is often below statutory retirement age resulting in permanent non-employability of older workers. We analyze this phenomenon in a putty-putty human capital vintage model and focus on education and the speed of human capital depreciation. Introducing a two-stage education system with initial schooling and lifelong learning, not even lifelong learning turns out to be capable of aligning economic and statutory retirement. However, well-designed education programs will keep more workers in highly productive activities at the end of their working life, and hence will substitute for simple social transfers, or for an early switch towards very low paid jobs.

2020 ◽  
pp. 147-159
Author(s):  
Elena Vasileva ◽  
◽  
Nataliya Nikolenko ◽  

This review discusses stratification models and empirical studies of the social status of people of retirement age in modern Russia. Our goal is to identify the social markings of the group and its status features, as well as the differences in managerial and scientific discourses of its assessment. The pension reform that began in 2019 significantly changes the group of pre-retirees: its number is increasing, it is getting older and differented by the age and generational cohorts. Moreover, the time of change is reflected in constructs "yuothful retired persons", "a working old-age pensioners", "youngest-old retirees" and "new pre-retirees". Differences approaches to status stratification, based on differences in managerial and scientific discourses are evident. The management approach is largely situational and related to the category of "pre-retirement time" as the period prior to the retirement of old age. This approach is focused, first, on the labor productivity, and, secondly, on the formal-legal definition of the status. The research approach is formed under the influence of global strategic discourse and differentiates the macro-social and organizational-social levels of social stratification. Within this framework, the social status of people of pre-retirement age is associated with socio-economic activity and human capital, employment and professional career. This group is related primarily to the category of "older workers", which combines employed pre-retirees and post-retirees and indicates the characteristics of the status associated with social attitudes to elderly. Publications on the social status of pre-retirees over the past five years indicate that the research tradition is dominated by a macro-economic rather than organizational approach. In addition, stratification models use mainly employment and human capital indicators as differentiating features, but not indicators of labor force and career potential. The research results revealed the following features of the status of pre-retirees: the growth of economic activity of older workers; the growth of employment of highly qualified workers in market and high-tech sectors of the economy; the significant impact of informal employment; the presence of age discrimination in wages and employment; insignificant representation in new institutional forms of economic activity and social entrepreneurship.


2014 ◽  
Vol 43 (3) ◽  
pp. 464-482 ◽  
Author(s):  
Yehuda Baruch ◽  
Susan Sayce ◽  
Andros Gregoriou

Purpose – The purpose of this paper is to explore potential benefits and possible pitfalls of the removal of the default retirement age. Design/methodology/approach – A human capital and labour market perspective provide theoretical lenses for exploring the potential implications for individuals, organizations and societies. The paper employs financial costing analysis to demonstrate. Findings – The paper uses the UK case to illustrate anticipated managerial and societal outcomes. The main finding from the discussion and the financial analysis is that indeed the current system is unsustainable. Originality/value – The paper offers areas where lessons about age management can be learnt from other experiences of flexible retirement strategies such as enhancing older workers ' human capital. The idea is of global nature and relevance and forms a “wake-up call” for decision makers at national level.


Author(s):  
Anne-Marie Guillemard

ABSTRACTThe move towards early retirement as witnessed over the last few years in Europe comes from social assistance mechanisms, other than old age security and is not due to a simple earlier retirement age.Two systems have been used primarily to help older workers. These are disability and employment insurance. “Early retirement” mechanisms have also helped these active or unemployed workers retire, by means of allocating resources.The social security structure in European countries has remained essentially unchanged with the risks and logistics of management inextricably intertwined. Moreover, these new forms of transition between activity and retirement reveal the reorganization underway in all matters related to the aging workers. One of the implications of the massive movement towards early retirement has been that the tripartite life course in which important social stages within the life course are marked by milestones (e.g., school age, retirement age …) is disappearing. It is gradually being replaced with new flexibility for managing the end of the life course. This type of evolution requires us to rethink the social assistance system in the sense of reducing the distinct ternary division in the life course. From this perspective, the very concepts of retirement and social transfers for definitive inactivity are no longer relevant.


2021 ◽  
Vol 17 (3) ◽  
pp. 103-132
Author(s):  
Elena Vasilyeva ◽  
◽  
Alexander Tyrsin ◽  

The article examines the reasons for the significant age differentiation in wages that has developed in the Russian labor market. Based on the literature review, two hypotheses of the study were formed, reflecting the factors of wage changes with respect to age. The first hypothesis is that the wages of older workers are determined by age discrimination. According to the second hypothesis, the wages of older workers depend on their accumulated human capital (education, skills, and health). To test the two hypotheses of the study we carry out a multidimensional statistical analysis. It included the construction of regression models, performing discriminant analysis, and testing statistical hypotheses of data uniformity. We use the data from the Russia Longitudinal Monitoring Survey of HSE (RLMS-HSE) covering the years from 2000 to 2019. The data from the monitoring survey have been analyzed not only with respect to age, but gender as well. The results of the study confirmed the first hypothesis for men of pre-retirement and retirement age, as well as women of retirement age. The second hypothesis that the depreciation of human capital with age affects the remuneration of older workers has been partially confirmed. For the older generation of both sexes, a significant factor of wages is health, for men it is also the presence of a completed professional education. Continual education has a positive effect on average earnings, but only for women. Computer skills increases all workers’ wages except men older than 60. We did not find out any significant effect of human capital accumulation on wages for workers of pre-retirement and retirement age


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hila Axelrad ◽  
Alexandra Kalev ◽  
Noah Lewin-Epstein

PurposeHigher pensionable age in many countries that are part of Organization for Economic Co-operation and Development (OECD) and a shrinking pension income force older people to postpone their retirement. Yet, age-based discrimination in employers' decisions is a significant barrier to their employment. Hence, this paper aims to explore employers' attitudes regarding the employment of workers aged 60–70, striving for a better understanding of age discrimination.Design/methodology/approachThe authors used a thematic analysis of semi-structured interviews with 30 managers, experts and employees in retirement age in Israel.FindingsFindings reveal a spectrum of employers' attitudes toward the employment of older workers. The authors' analytical contribution is a conceptual typology based on employers' perceived ability to employ older workers and their stated attitudes toward the employment of older workers.Social implicationsThe insights that emerge from this research are fundamental for organizational actors' ability to expand the productive, unbiased employment of older workers.Originality/valueBy understanding employers' preferences and perspectives and the implications on employers' ability and/or willingness to employ older workers, this research will help policymakers formulate and implement policy innovations that address these biases.


Author(s):  
Andrés Mideros

The paper reports on an ex-ante evaluation of the long-term effect of the Ecuadorian social transfer programme called “Bono de Desarrollo Humano (BDH)” on human capital accumulation. A dynamic cohort microsimulation model is used to analyse for cost-effectiveness of different policy scenarios. Results show that cash transfers do promotehuman capital accumulation but with rather small effect. Transfers targeted at critical ages are the most cost-effective to promote human capital accumulation


2016 ◽  
Vol 6 (2) ◽  
pp. 61 ◽  
Author(s):  
Carin Ulander-Wänman

Demographic change is transforming the EU population structure for the coming decades. One challenge that society faces is to preserve social welfare when elderly persons comprise a larger proportion of the total population. Allowing people to work beyond the current retirement age may help slow the growth of the maintenance burden for welfare costs, and creating situations where larger numbers of older employees can work longer and complete more working hours can improve conditions for preserving and developing welfare. However, a prolonged working life presupposes several conditions; one of these is that legal regulation of the labor market must support employers’ willingness to hire and retain older workers in employment. This article explores employers’ attitudes toward regulations in Swedish collective agreements—regulations which are of particular importance if employers are to increase hiring and retention of older workers in employment.


2021 ◽  
Author(s):  
Sonja Walter ◽  
Jeong-Dong Lee

This research aims to investigate the link between human capital depreciation and job tasks, with an emphasis on potential differences between education levels. We estimate an extended Mincer equation based on Neumann and Weiss’s (1995) model using data from the German Socio-Economic Panel. The results show that human capital gained from higher education levels depreciates at a faster rate than other human capital. Moreover, the productivity-enhancing value of education diminishes faster in jobs with a high share of non-routine analytical, non-routine manual, and routine cognitive tasks. These jobs are characterized by more frequent changes in core-skill or technology-skill requirements. The key implication of this research is that education should focus on equipping workers with more general skills in all education levels. With ongoing technological advances, work environments, and with it, skill demands will change, increasing the importance to provide educational and lifelong learning policies to counteract the depreciation of skills. The study contributes by incorporating a task perspective based on the classification used in works on job polarization. This allows a comparison with studies on job obsolescence due to labor-replacing technologies and enables combined education and labor market policies to address the challenges imposed by the Fourth Industrial Revolution.


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