Occupational social class differences in the impact of COVID-19 related employment disruptions on retirement planning amongst older workers in England.

Purpose: This paper aims to examine the impact of COVID-19 related employment disruption on individuals' retirement planning and whether these experiences differ by occupational social class. Design/methodology/approach: To explore these issues, this study linked data from those who were employed in...

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Publicado en:Quality in Ageing & Older Adults Vol. 23; no. 4; pp. 174 - 185
Autores principales: Rowson, Tatiana, Beck, Vanessa, Hyde, Martin, Evans, Elizabeth
Formato: research tables/charts Journal Article
Publicado: Emerald Publishing Limited 2022
Acceso en línea:Ver este registro en EBSCOhost
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        10.1108/QAOA-02-2022-0013
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        atl: Occupational social class differences in the impact of COVID-19 related employment disruptions on retirement planning amongst older workers in England.
      aug:
        au:
          Rowson, Tatiana
          Beck, Vanessa
          Hyde, Martin
          Evans, Elizabeth
        affil: Henley Business School, University of Reading, Reading, UK
      sug:
        subj:
          Employment of Older Workers
          Social Class
          Retirement Planning In Old Age
          COVID-19 Pandemic
          Human
          England
          Regression
          Models, Statistical
          Bivariate Statistics
          Multiple Regression
          Descriptive Statistics
          Aged
          Job Market
          Employment Status
          Socioeconomic Disparities in Health
          Odds Ratio
          Confidence Intervals
          Aged: 65+ years
      ab: Purpose: This paper aims to examine the impact of COVID-19 related employment disruption on individuals' retirement planning and whether these experiences differ by occupational social class. Design/methodology/approach: To explore these issues, this study linked data from those who were employed in wave 9 of the English Longitudinal Study of Ageing (ELSA) main study with wave 1 of the ELSA COVID-19 study (N = 1,797). Multinominal regression analyses were conducted to explore whether the interaction between employment disruption and occupational social class was associated with planning to retire earlier or later than previously planned. Findings: The results show that stopping work because of COVID-19 is associated with planning to retire earlier. However, there were no statistically significant interactions between occupational social class and employment disruptions on whether respondents planned to retire earlier or later. Originality/value: This paper's original contribution is in showing that the pandemic has had an impact on retirement decisions. Given the known negative effects of both involuntary early labour market exit, the findings suggest that the COVID-19 related employment disruptions are likely to exacerbate social inequalities in health, well-being in later life and, consequently, can help anticipate where there will be need for additional support in later life.
      pubtype: Academic Journal
      doctype:
        research
        tables/charts
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      ougenre: Article
    language: English
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