What can employers learn from the academia about retaining workers aged 55+?

Pub. Feb 22, 2021 Published February 22, 2021

Academic staff is among the occupation groups with later labour market exits worldwide than most other occupations. It seems that academia creates a favourable working environment for older individuals, convincing them to remain longer in the labour force. Here we analyse features of the job of an academic teacher – its tasks, the position itself, and employer characteristics – to explain this phenomenon. We identify incentives for prolonging working life that may apply to older workers and guide employers also in other occupational groups than academia.