SHOULD I STAY OR SHOULD I GO? – FACTORS AFFECTING THE DECISION ON EXTENDING WORKING LIFE
SHOULD I STAY OR SHOULD I GO? – FACTORS AFFECTING THE DECISION ON EXTENDING WORKING LIFE

Author(s): Anamarija Delić
Subject(s): Labor relations, Gerontology, Human Resources in Economy, Socio-Economic Research
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: retirement challenges; decision on retirement; extension of working life; motives for extension of working life; decisions on retirement;
Summary/Abstract: Retirement represents the end of working life and career, and the so-called „deserved rest”. For some, this ending means the beginning of life at a „slower pace”, time for delayed events, activities, hobbies, opportunities, while others, for various reasons and different motives, delay this event. The extension of working life is undoubted affected by a better standard of living, better health care, and legislation and regulations. Most people look forward to retirement to devote more time to themselves and their families. However, there is another group of people who are postponing this event. Various factors influence the decision to extend working life, closely related to the employee’s job and position. This paper investigates events and causes that affect the postponement of retirement and the motives „forcing” people to extend their working life. The interview method was used to collect data, which enabled an in-depth analysis of the interviewees’ reasons, behaviors, and decisions. The paper aims to show that the retirement decision can be delayed by various causes and the observed persons’ characteristics, motives, and attitudes. The collected data results can be used by participants in the policy process when creating social policies and retirement conditions.

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