Chapter Chapter <b>Strategies to Retain Older Workers</b>

Janemarie Mulvey and Steven Nyce

in Reinventing the Retirement Paradigm

Published in print August 2005 | ISBN: 9780199284603
Published online February 2006 | e-ISBN: 9780191603013 | DOI:
Chapter  Chapter   Strategies to Retain Older Workers

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This chapter begins by outlining the economic and demographic realities facing employers, and spells out how these change the ‘retirement promise’. The effects of several factors on older workers' retirement patterns are quantified, including early retirement incentives in DB plans, retiree medical coverage, and various work/life benefits including phased retirement and eldercare programs. The potential increase in older workers' labour force participation from changing these benefit offerings are estimated. It is argued that these will only marginally offset expected gaps between labour supply and demand in the coming decade.

Keywords: labour force; labour supply; labour shortage; retirement income; medical plans; phased retirement; eldercare progams

Chapter.  7715 words.  Illustrated.

Subjects: Financial Markets

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