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Determinants for the transition from work into retirement in Europe

Author

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  • Monika Riedel
  • Helmut Hofer
  • Birgit Wögerbauer

Abstract

We use the labor force ad hoc module “transition from work into retirement” to analyze the link between individual as well as pension system characteristics and planned retirement age within the European Union. We find that timing of retirement is correlated between partners who are, already at the stage of retirement planning. In richer countries of the EU15, standard retirement age seems to have a larger effect on planned retirement age than in poorer EU15 states or in new EU member states. The effect of pension wealth is largest in the new EU member states and smallest in rich EU15 countries. Furthermore, industry and occupation effects differ by country type. Copyright Riedel et al.; licensee Springer. 2015

Suggested Citation

  • Monika Riedel & Helmut Hofer & Birgit Wögerbauer, 2015. "Determinants for the transition from work into retirement in Europe," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-19, December.
    • Handle: RePEc:spr:izaels:v:4:y:2015:i:1:p:1-19:10.1186/s40174-014-0027-5
    DOI: 10.1186/s40174-014-0027-5
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    Cited by:

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    2. Queiroz, Bernardo L. & Souza, Laeticia R., 2017. "Retirement incentives and couple’s retirement decisions in Brazil," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 1-13.
    3. Yoko Niimi, 2018. "Does providing informal elderly care hasten retirement? Evidence from Japan," Review of Development Economics, Wiley Blackwell, vol. 22(3), pages 1039-1062, August.
    4. Tomasz Jedynak, 2022. "Does the Formulation of the Decision Problem Affect Retirement?—Framing Effect and Planned Retirement Age," IJERPH, MDPI, vol. 19(4), pages 1-30, February.
    5. Pertold Filip & Federičová Miroslava, 2022. "Expectations of older workers regarding their exit from the labour market and its realization," Central European Economic Journal, Sciendo, vol. 9(56), pages 93-112, January.

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    More about this item

    Keywords

    C21; J22; J26; Planned retirement; Joint retirement decision; Pension system characteristics; Country differences; Europe;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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