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Preference for early retirement, health and job satisfaction: a European comparison

Author

Listed:
  • D. BLANCHET

    (Insee)

  • T. DEBRAND

    (Irdes)

Abstract

This work uses the first wave of SHARE to analyze the impact of health and satisfaction at work on preferences concerning age at retirement in 10 European countries. Preferences concerning age at retirement are measured by the rate of people wishing to retire as soon as possible. We examine how health and work conditions contribute to explain differences in these preferences both at the individual level and between countries. At the individual level, the effects that are obtained are consistent with expectations, but they are of little help for explaining international differences. Fixing health and work conditions, we observe a north-south gradient of preferences for early retirement which remains close to the gross cross country differentials. All these results are robust to control by institutional features of pension systems (overall generosity of pension systems) and to control for the selection bias implied by the fact that preferences are only measured on people that are still in employment.

Suggested Citation

  • D. Blanchet & T. Debrand, 2007. "Preference for early retirement, health and job satisfaction: a European comparison," Documents de Travail de l'Insee - INSEE Working Papers g2007-03, Institut National de la Statistique et des Etudes Economiques.
    • Handle: RePEc:nse:doctra:g2007-03
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    File URL: https://www.bnsp.insee.fr/ark:/12148/bc6p06zr0cb/f1.pdf
    File Function: Document de travail de la DESE numéro G2007/03
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    More about this item

    Keywords

    Pensions; health; work conditions;
    All these keywords.

    JEL classification:

    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • I10 - Health, Education, and Welfare - - Health - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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