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Leaving Employment Early. IES Report 322.

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Bibliographic Details
Title: Leaving Employment Early. IES Report 322.
Language: English
Authors: Dench, S., Norton, R., Sussex Univ., Brighton (England). Inst. for Employment Studies.
Availability: Grantham Book Services, Isaac Newton Way, Alma Park Industrial Estate, Grantham NG31 9SD, England, United Kingdom (22 British pounds).
Peer Reviewed: N
Page Count: 64
Publication Date: 1996
Document Type: Reports - Research
Descriptors: Early Retirement, Economic Status, Employment Patterns, Financial Problems, Foreign Countries, Individual Characteristics, Labor Force Nonparticipants, Reduction in Force, Services, Work Attitudes
Geographic Terms: United Kingdom (Great Britain)
ISBN: 978-1-85184-250-6
Abstract: Seven major British employing organizations were surveyed regarding their attitudes toward early retirement, attachment to/subsequent experiences in the labor market, financial situation, and the types of advice and support available to them. The overall response rate was 60% (1,012 returned questionnaires). Of the respondents, 53% took early retirement voluntarily, 31% said their retirement was partly voluntary, and 15% felt coerced into early retirement. At their time of retirement, only 28% of the respondents planned to find another job. Over time, however, 47% had looked for another job. Of those individuals, 49% found a job they considered satisfactory, 16% found a job with which they were not satisfied, and 34% found no job. Ninety-two percent of the respondents were receiving a company pension, and 63% reported income from savings/investments. Approximately two-thirds of the respondents had received some advice/support from the organization from which they were retiring. When asked how they regarded their early retirement in retrospect, 69% of the respondents considered it a good thing, 25% considered it tolerable, and 14% considered it a disaster. (Contains 24 tables and 16 references.) (MN)
Entry Date: 1997
Accession Number: ED401430
Database: ERIC
Description
Abstract:Seven major British employing organizations were surveyed regarding their attitudes toward early retirement, attachment to/subsequent experiences in the labor market, financial situation, and the types of advice and support available to them. The overall response rate was 60% (1,012 returned questionnaires). Of the respondents, 53% took early retirement voluntarily, 31% said their retirement was partly voluntary, and 15% felt coerced into early retirement. At their time of retirement, only 28% of the respondents planned to find another job. Over time, however, 47% had looked for another job. Of those individuals, 49% found a job they considered satisfactory, 16% found a job with which they were not satisfied, and 34% found no job. Ninety-two percent of the respondents were receiving a company pension, and 63% reported income from savings/investments. Approximately two-thirds of the respondents had received some advice/support from the organization from which they were retiring. When asked how they regarded their early retirement in retrospect, 69% of the respondents considered it a good thing, 25% considered it tolerable, and 14% considered it a disaster. (Contains 24 tables and 16 references.) (MN)
ISBN:978-1-85184-250-6