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Aging and Work-Related Identity Loss Due to Retirement

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Dubrovnik, Croatia, 5-7 September, 2024

Author

Listed:
  • Bartol, Ana
  • Grah, Barbara

Abstract

Population aging in most developed countries and the associated aging of the workforce is an important and complex issue with far-reaching implications. Automatic adjustment mechanisms recently introduced in some EU Member States will raise the retirement age to 71 by 2060, meaning that work will occupy a large part of our lives. Work is closely linked to our identity. For many adults, a work-related identity is an important part of their personal identity. Although retirement is eagerly anticipated by many workers, it can lead to the loss of important work-related activities and social ties, which for some may affect stability and positive identity. This research aims to shed light on deeper psychological issues connected to work-related identity in the context of retirement. In particular, with a conducted literature review, this paper aims to offer a theoretical overview of work-related identity loss due to retirement. Findings reveal the importance of understanding work-related identity and the consequences of its loss. Results suggest that the transition and adjustment to retirement was particularly difficult for individuals with a strong work identity.

Suggested Citation

  • Bartol, Ana & Grah, Barbara, 2025. "Aging and Work-Related Identity Loss Due to Retirement," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2024), Hybrid Conference, Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Dubrovnik, Croatia, 5-7 September, 2024, pages 204-220, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr24:317961
    DOI: 10.54820/entrenova-2024-0018
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    References listed on IDEAS

    as
    1. Clemens Hetschko & Andreas Knabe & Ronnie Schöb, 2014. "Changing Identity: Retiring From Unemployment," Economic Journal, Royal Economic Society, vol. 124(575), pages 149-166, March.
    2. Michael H. Morris & Sohrab Soleimanof & Rebecca J. White, 2020. "Retirement of entrepreneurs: Implications for entrepreneurial exit," Journal of Small Business Management, Taylor & Francis Journals, vol. 58(6), pages 1089-1120, November.
    3. Friedrich Breyer & Joan Costa-Font & Stefan Felder, 2010. "Ageing, health, and health care," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 26(4), pages 674-690, Winter.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    aging; retirement; age management; work-related indentity;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy

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