ABSTRACT

Early retirement trends in the United States, United Kingdom and other industrialized societies are examined in relation to changing manpower requirements and economic forces. The results of a United Kingdom study of early retired men are presented, demonstrating the strategies adopted in retiring early. Factor analysis was used to examine the detailed considerations of respondents. A suitable financial basis was generally seen as the necessary prerequisite. In addition, a double-edged strategy emerged: a strategy for coping with changes and pressures in the work environment, and a more positive developmental strategy. Implications considered include the responsibility of organizations, the costs of early retirement, and alternative approaches for the future.