Can Policy Facilitate Partial Retirement? Evidence from a Natural Experiment in Germany

In 1996, Germany introduced the Altersteilzeit (ATZ) policy, which provided incentives for partial retirement. Using linked establishment survey and administrative employment data, the authors estimate changes in part-time employment rates and retirement after ATZ. Among men, part-time work increased and retirements were postponed by at least 0.6 years without any displacement of full-time work. For women, the increases in working lives appeared to be even larger. These estimates are based on a nationally representative sample of firms. When analysis is restricted to a subset of firms with collective agreements covering partial retirement, and when the staggered timing of those agreements is used to identify estimates, the authors find extensions of working life of more than 1 year. Overall, these findings suggest that policies encouraging partial retirement may have potential for increasing the duration of working life.

Multimorbidity and the Transition Out of Full-Time Paid Employment: A Longitudinal Analysis of the Health and Retirement Study

Objectives This study aims to examine whether older workers aged 50–64 years with multimorbidity are at increased risk to transition from full-time paid employment to part-time employment, partial retirement, unemployment, disability, economic inactivity, full retirement or die than workers without a chronic health condition and workers with one chronic health condition, and whether socioeconomic position (SEP) modifies these transitions. Method Using data from the Health and Retirement Study (1992–2014; n = 10,719), sub-distribution hazard ratios with 95% confidence intervals were calculated with a time-varying Fine and Gray competing-risks survival regression model to examine exit from full-time paid employment. We investigated the modifying effect of SEP by examining its interaction with multimorbidity. Results Workers with multimorbidity had a higher risk of transitioning to partial retirement (1.45; 1.22, 1.72), disability (1.84; 1.21, 2.78) and full retirement (1.63; 1.47, 1.81), and they had a higher mortality risk (2.58; 1.71, 3.88) than workers without chronic disorders. Compared to workers with one chronic health condition, workers with multimorbidity had an increased risk for partial (1.19; 1.02, 1.40) and full retirement (1.29; 1.17, 1.42), and mortality (1.49; 1.09, 2.04). Only SEP measured as educational level modified the relationship between multimorbidity and mortality. Discussion Workers with multimorbidity seem more prone to leave full-time paid employment than workers without or with one a chronic health condition. Personalized work accommodations may be necessary to help workers with multimorbidity prolong their working life.

Estrategias para una sucesión exitosa en la empresa familiar

Key words: Family business, family counsoul, partial retirement, succession in family businessAbstract. This study has the objective to propose a group of strategies to help the Family Business Manager to solve the succession problems; by using these strategies the family business can conquer a transition power that creates the most wealth posible to the business and to the familiy. This study is presented as a descrptive research, with basis on the most recently research about succession problems on family business. The Familiy Business Managers who want that business still belongs to familiy have the obligation of developing asuccession plan that allows the company continue being competitive when family business manager leaves the company. The strategies included in this study must be promoted by the Family Business Manager who must take care of leading the directive team to sucessuful power change. The strategies proposed in this study are: Creating a Family Business Conseil; Choosing the succesor from an analitical point of view; Get pschicologist support in the succesion period; To create a Business Society; Partial Retirement of Director; Anadequate compensation management; Open communication among all the members; and a provisional management.Palabras Claves: Consejo familiar, empresa familiar, retiro parcial, sucesión en la empresa familiarResumen. El objetivo del estudio es proponer un conjunto de estrategias para ayudar a los Directores de Empresas Familiares a solucionar los problemas relacionados con la sucesión. Mediante el uso de estas estrategias clave las empresas familiares pueden lograr una transición de poder que genere la mayor riqueza posible para el negocio y para la familia. El presente estudio se plantea como una investigación de carácter descriptiva, basada en las investigaciones mas recientes sobre la problemática de la sucesión en la empresa familiar.Los Directores de las Empresas Familiares que desean que el negocio siga perteneciendo a la familia tienen la obligación de desarrollar un plan de sucesión que permita a la organización seguir siendo competitiva cuando el Director abandone la empresa. Las estrategias presentadas en este estudio deben ser promovidas por el Director de la Empresa Familiar quien debe encargarse de dirigir a su equipo directivo rumbo al éxito en la transición de poder. Las estrategias propuestas en este estudio son: La creación de un Consejo Familiar; la elección analítica del sucesor; solicitar asesoría psicológica durante el periodo de sucesión; la formación de una Sociedad de Negocio; el Retiro Parcial del Director; un manejo adecuado de las compensaciones; la implementación de una estructura de comunicación abierta y la planeación de una administración interina.