Extending Work Life: Can Employers Adapt When Employees Want To Delay Retirement? (we Focus)

"Aging men and women are increasingly remaining in the labor force. Most often the reason for this is that they need to work additional years in order to be able to support an increasing number of years in retirement. This leaves employers scrambling for ways to adapt to a growing number of retirement-aged workers. Clark and Morrill provide a thorough assessment of the costs and benefits of accommodating later retirement ages, and they describe options employers may use to create some new form of employment contract with aging workers. The most prominent issues employers with aging workers face are declining productivity, rising labor and benefits costs, and a suboptimal age distribution of their workforces. According to the authors, employers could respond to these issues by finding new ways to accommodate older workers with, for instance, phased retirement and return-to-work policies. But the success of such policies also depends on tax policies and whether government-provided retirement benefits could be redesigned to play a role in a newly-defined employment relationship"--Publisher's description 1. Employers' perspectives on delayed retirement : Employee preferences for later retirement ; Delayed retirement: impact on employers 2. Costs and benefits of delayed retirement : Productivity and earnings age profiles: impact on the cost of production ; Cost of employee benefits by age and tenure ; Vintage effects on skills and experience ; Promotion and time in grade ; Summary of employers' concerns about delayed retirement ; Differences across the economy 3. Alternative late career employment arrangements : The employer perspective of phased retirement ; Regulatory frictions ; Phased retirement in higher education ; Age discrimination laws ; Will phased retirement be an important retirement path in the future? ; Returning to work after retirement ; Employer options to accommodate delayed retirement 4. The role of public policies : Social Security and Medicare reforms to promote delayed retirement ; Public policies concerning modification of employment contracts ; Impact of public policies on employers, and their concerns about delayed retirement 5. The future of working longer : Modifying employment contracts to accommodate delayed retirement ; Career employer concerns with delayed retirement ; Employer policies for the future ; Impact of potential changes in public policy ; Demographic trends and labor market responses. Robert Clark, Melinda Morrill. Includes Bibliographical References And Index. Mode Of Access: World Wide Web.