Predicting Retirement Upon Eligibility: An Embeddedness Perspective

Peter A. Bamberger, Samuel B. Bacharach

Research output: Contribution to journalArticlepeer-review

Abstract

Concern over the impact of baby-boomers' retirement on needed skills and proprietary knowledge has stimulated an interest in identifying workplace factors associated with retirement upon eligibility. Drawing from embeddedness theory, the authors identify work-based antecedents potentially underlying a related, but distinct, form of withdrawal-retirement upon eligibility. The authors generate and test hypotheses regarding the impact of fit-, sacrifice-, and links-related antecedents using a prospective study design and a national probability sample of some 500 older individuals who, at the time of the initial interview, were within months of becoming-for the first time-eligible to receive such benefits. The findings indicate that, beyond the effects of person-based antecedents (e.g., age, health, assets, expected retirement income), a combination of fit- (i.e., job challenge), sacrifice- (i.e., perceived organizational support), and links-related factors (i.e., stability of close workplace peer relations) have a substantial influence on the decision to retire upon eligibility.

Original languageEnglish
Pages (from-to)1-22
Number of pages22
JournalHuman Resource Management
Volume53
Issue number1
DOIs
StatePublished - Jan 2014

Keywords

  • Absenteeism/withdrawal
  • Careers
  • Job design
  • Person-situation fit
  • Turnover

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