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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/EF16_013%2F0001740" target="_blank" >EF16_013/0001740: SHARE-CZ+ Národní výzkum stárnutí</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

Central European Economic Journal

ISSN

2543-6821

e-ISSN

2543-6821

Svazek periodika

9

Číslo periodika v rámci svazku

56

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

20

Strana od-do

93-112

Kód UT WoS článku

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EID výsledku v databázi Scopus

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