Working time preferences and early and late retirement intentions

Career decisions are based on the fit between an individual and his/her environment. This study explores the effect of person-environment fit regarding actual and preferred weekly working hours on early and late retirement intentions in a sample of 7,859 employees aged 50 to 65 years of age living in Germany. Findings from multinomial logistic regression analysis show that a preferred decrease in working hours was associated with an increased risk for early retirement compared to regular retirement intentions (OR = 1.82). A preferred increase in working hours was associated with higher odds for a late career (OR = 1.87).