Do Demographics Change the Intergenerational Borderline between Working and Retiring Generations? A Cross-national Study for OECD Countries

ABSTRACT

This paper aims to use an effective retirement age as a proxy for the borderline between generations and verifies whether deteriorating demographics are a stimulating factor of quantitative relations between generations through retirement age policy. Regression models for cross-sectional time series covering 20 OECD countries in the period 1971–2013 are employed. The results show that an increasing life expectancy, resulting in a growing elderly population, worsens the situation of the working generation as compared to pensioners’ generation. This creates a need to extend duration of working life through efficient retirement age policy and HRM strategies in multigenerational workplaces.

KEYWORDS:

• Retirement age
• generations
• pensions
• aging
• human resources management

Data availability statement

The data that support the findings of this study are available from the corresponding author, [MG], upon reasonable request (via e-mail: [email protected]).

Correction Statement

This article has been republished with minor changes. These changes do not impact the academic content of the article.

Additional information

Funding

This work was supported by the National Science Centre, Poland [2016/23/B/HS4/01772].