Expectations of older workers regarding their exit from the labour market and its realization

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F22%3A00566676" target="_blank" >RIV/67985998:_____/22:00566676 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.2478/ceej-2022-0007" target="_blank" >https://doi.org/10.2478/ceej-2022-0007</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/ceej-2022-0007" target="_blank" >10.2478/ceej-2022-0007</a>

Result language

angličtina

Original language name

Expectations of older workers regarding their exit from the labour market and its realization

Original language description

The objective of the paper is to analyse the labour market behaviour of older workers, specifically cross-country differences in expectations regarding the exit from the labour market and subsequent realization. Using longitudinal Survey of Health, Ageing and Retirement in Europe (SHARE) data and econometric analysis, we provide an international comparison of the situation of older workers in the Czech Republic with the other countries of Europe. The data show that although expectations about work activity at the age of 63 are quite similar in the Czech Republic from an international perspective, the work activity realized differs significantly between the Czech Republic and other countries. Our principal finding is that the Czech Republic has a high rate of unexpected retirements compared to all other European countries included in this analysis, even if we control for the socioeconomic background of respondents. The econometric analyses further show that up to about one-third of this difference can be explained by the lower retirement age set by the institutional environment in the Czech Republic, which is anticipated by employees at preretirement age. Conversely, the health status of older workers, and even the different allocation of employees to physically demanding occupations, does not have a significant impact on these cross-country differences in unexpected retirements.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

<a href="/en/project/EF16_013%2F0001740" target="_blank" >EF16_013/0001740: SHARE-CZ+ National Research on Aging</a><br>

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Central European Economic Journal

ISSN

2543-6821

e-ISSN

2543-6821

Volume of the periodical

9

Issue of the periodical within the volume

56

Country of publishing house

PL - POLAND

Number of pages

20

Pages from-to

93-112

UT code for WoS article

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EID of the result in the Scopus database

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