Ebook: Ending a Career in the Auto Industry: “30 and Out”

During the 1980s the news media were filled with reports of soaring unemployment as 'downsizing' and `restructuring' became the new buzzwords. Firms managed their workforce reduction by increasing the attractiveness of their pension plans-especially their early-retirement plans. In this volume, the authors examine the U.S. auto industry and present a full-scale analysis of the work and retirement decisions of its workers. They address organizational context and the logic of financial incentives in employer-provided early retirement plans. The impact of pension provisions, layoffs, plant closures, attitudes about `generational equity', and other factors influencing the workers' evaluation of the optimum time to end their careers in the auto industry are explored.

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During the 1980s the news media were filled with reports of soaring unemployment as 'downsizing' and `restructuring' became the new buzzwords. Firms managed their workforce reduction by increasing the attractiveness of their pension plans-especially their early-retirement plans. In this volume, the authors examine the U.S. auto industry and present a full-scale analysis of the work and retirement decisions of its workers. They address organizational context and the logic of financial incentives in employer-provided early retirement plans. The impact of pension provisions, layoffs, plant closures, attitudes about `generational equity', and other factors influencing the workers' evaluation of the optimum time to end their careers in the auto industry are explored.

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During the 1980s the news media were filled with reports of soaring unemployment as 'downsizing' and `restructuring' became the new buzzwords. Firms managed their workforce reduction by increasing the attractiveness of their pension plans-especially their early-retirement plans. In this volume, the authors examine the U.S. auto industry and present a full-scale analysis of the work and retirement decisions of its workers. They address organizational context and the logic of financial incentives in employer-provided early retirement plans. The impact of pension provisions, layoffs, plant closures, attitudes about `generational equity', and other factors influencing the workers' evaluation of the optimum time to end their careers in the auto industry are explored.
Content:
Front Matter....Pages i-xiii
Internal Labor Markets, Plant Closings, and Retirement....Pages 1-20
Some Matters of Context....Pages 21-47
The Financial Structure of Early-Retirement Pensions....Pages 49-86
Predicting Early Retirement....Pages 87-133
Discussing Options in an End-Game....Pages 135-162
Solidarity and “Generational Equity”....Pages 163-190
Aspects of Postretirement Satisfaction....Pages 191-219
Inducing Early Retirement: Some Conclusions in Perspective....Pages 221-237
Back Matter....Pages 239-272

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During the 1980s the news media were filled with reports of soaring unemployment as 'downsizing' and `restructuring' became the new buzzwords. Firms managed their workforce reduction by increasing the attractiveness of their pension plans-especially their early-retirement plans. In this volume, the authors examine the U.S. auto industry and present a full-scale analysis of the work and retirement decisions of its workers. They address organizational context and the logic of financial incentives in employer-provided early retirement plans. The impact of pension provisions, layoffs, plant closures, attitudes about `generational equity', and other factors influencing the workers' evaluation of the optimum time to end their careers in the auto industry are explored.
Content:
Front Matter....Pages i-xiii
Internal Labor Markets, Plant Closings, and Retirement....Pages 1-20
Some Matters of Context....Pages 21-47
The Financial Structure of Early-Retirement Pensions....Pages 49-86
Predicting Early Retirement....Pages 87-133
Discussing Options in an End-Game....Pages 135-162
Solidarity and “Generational Equity”....Pages 163-190
Aspects of Postretirement Satisfaction....Pages 191-219
Inducing Early Retirement: Some Conclusions in Perspective....Pages 221-237
Back Matter....Pages 239-272
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