Impact of meaningful work on elderly people’s intention to continue working after retirement: A Vietnamese study

Thi Mai Huong Doan,Thi Mai Phuong Tran,Huong Quynh Pham,A Zheltenkov,A Mottaeva

doi:10.1051/e3sconf/202016409044

Thi Mai Huong Doan, Thi Mai Phuong Tran + Show 3 more

Open Access

https://doi.org/10.1051/e3sconf/202016409044

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Abstract

The study focuses on examining the relationship between meaningful work and elderly people’s intention to work after retirement. Based on the previous research, we examined the impact level of the three aspects of meaningful work, which are positive meaning, meaning making through work and greater good motivations. The analysis of a sample of 784 workers aged 40 and above showed that all three aspects considered have a positive effect on the intention to participate in the workforce after retirement. In particular, positive meaning has the strongest impact on the workers’ intention. The results of the current study extend previous research on factors affecting workers’ intention to continue working after retirement. The implications of these findings are discussed in the practical aspect of those involved in the development of effective human resource management policies to retain older workers.

Highlights

For a country, a rapid increase in population aging will have a negative impact on its labor market
Due to the importance of meaningful work, and the urgency to attract elderly workers in Vietnam to continue to engage in the labor market, we investigate the impact of meaningful work on the intention to continue working after retirement of middle-aged workers aged 40 and above who are currently working in agencies and organizations
The Cronbach alpha method is used to evaluate the reliability of the EFA factor scale and analysis method and to assess the correlation and distinguishing values of the scale

Summary

Introduction

A rapid increase in population aging will have a negative impact on its labor market. An aging population is associated with a large number of people leaving the labor force due to retirement age, causing a shift in the labor force from young workers to older workers and shortage in the labor market. This situation creates pressure on infrastructure systems, health care and medical services and transportation as well as pension and other support systems... Investigating the relationship between absenteeism and job participation of the workers, Soane et al (2013) came up with the results that proved the more meaningful the job is, the lower the absence rate at the organization becomes

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