Professional and psychosocial factors affecting the intention to retire of Australian medical practitioners
The known The number of doctors who work beyond the age of 65 is growing. Studies of retirement intention have focused on single factors, such as health and income, and have generally been limited to single specialties.
The new 38% of doctors aged 55 or more were unsure about retiring or did not intend to retire. Both professional and broader psychosocial factors (including financial resources, work centrality, emotional resources, anxiety about ageing) influenced the intention to retire.
The implications Education programs facilitating retirement planning are needed for late career doctors, including advice on financial planning and developing non-professional interests.
In the absence of a mandatory retirement age in Australia, many doctors work beyond the age of 65.1 In 2014, 9.9% of the medical workforce were 65 or older, and the total number of doctors over 65 years of age has increased by 80% since 2004,1,2 consistent with an ageing society.
Older practitioners who prolong their careers are important for providing medical care as well as for teaching and mentoring younger…