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- Publisher Website: 10.1017/S0144686X18000958
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Article: Socio-economic differences in retirement timing and participation in post-retirement employment in a context of a flexible pension age
Title | Socio-economic differences in retirement timing and participation in post-retirement employment in a context of a flexible pension age |
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Authors | |
Keywords | pension legislation post-retirement employment retirement labour market participation socio-economic position older workers |
Issue Date | 2020 |
Citation | Ageing and Society, 2020, v. 40, n. 2, p. 348-368 How to Cite? |
Abstract | Socio-economic circumstances influence later-life employment participation, which may take different forms as retirement processes are complex. We aimed to explore the diverse effects of various socio-economic sub-domains on pre- and post-retirement employment. We used Finnish register data to examine socio-economic predictors of time to retirement (i.e. receiving the statutory pension) using Cox regression analysis and on time spent in post-retirement employment using repeated negative binomial regression analysis over a follow-up between the ages of 63 and 68, i.e. the flexible pension age range. An average wage earner still employed at age 62 spent 13.5 months in pre-retirement employment (this corresponds to time to retirement) and 4.8 months in post-retirement employment. Those with tertiary education retired later, but the educational differences in the total time spent in employment were small when post-retirement employment was also considered. There was little variation in the timing of retirement by household income, but those in the highest quintile spent the longest time in post-retirement employment. Upper non-manual employees, home renters and those with high household debt retired later, and those with high household debt also spent a longer time in post-retirement employment. In a national flexible pension age system, high occupational class and household income thus appear to encourage either later retirement or participation in post-retirement employment. However, economic constraints also appear to necessitate continued employment. |
Persistent Identifier | http://hdl.handle.net/10722/307243 |
ISSN | 2023 Impact Factor: 2.3 2023 SCImago Journal Rankings: 1.026 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Leinonen, Taina | - |
dc.contributor.author | Chandola, Tarani | - |
dc.contributor.author | Laaksonen, Mikko | - |
dc.contributor.author | Martikainen, Pekka | - |
dc.date.accessioned | 2021-11-03T06:22:13Z | - |
dc.date.available | 2021-11-03T06:22:13Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Ageing and Society, 2020, v. 40, n. 2, p. 348-368 | - |
dc.identifier.issn | 0144-686X | - |
dc.identifier.uri | http://hdl.handle.net/10722/307243 | - |
dc.description.abstract | Socio-economic circumstances influence later-life employment participation, which may take different forms as retirement processes are complex. We aimed to explore the diverse effects of various socio-economic sub-domains on pre- and post-retirement employment. We used Finnish register data to examine socio-economic predictors of time to retirement (i.e. receiving the statutory pension) using Cox regression analysis and on time spent in post-retirement employment using repeated negative binomial regression analysis over a follow-up between the ages of 63 and 68, i.e. the flexible pension age range. An average wage earner still employed at age 62 spent 13.5 months in pre-retirement employment (this corresponds to time to retirement) and 4.8 months in post-retirement employment. Those with tertiary education retired later, but the educational differences in the total time spent in employment were small when post-retirement employment was also considered. There was little variation in the timing of retirement by household income, but those in the highest quintile spent the longest time in post-retirement employment. Upper non-manual employees, home renters and those with high household debt retired later, and those with high household debt also spent a longer time in post-retirement employment. In a national flexible pension age system, high occupational class and household income thus appear to encourage either later retirement or participation in post-retirement employment. However, economic constraints also appear to necessitate continued employment. | - |
dc.language | eng | - |
dc.relation.ispartof | Ageing and Society | - |
dc.subject | pension legislation | - |
dc.subject | post-retirement employment | - |
dc.subject | retirement | - |
dc.subject | labour market participation | - |
dc.subject | socio-economic position | - |
dc.subject | older workers | - |
dc.title | Socio-economic differences in retirement timing and participation in post-retirement employment in a context of a flexible pension age | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1017/S0144686X18000958 | - |
dc.identifier.scopus | eid_2-s2.0-85052626875 | - |
dc.identifier.volume | 40 | - |
dc.identifier.issue | 2 | - |
dc.identifier.spage | 348 | - |
dc.identifier.epage | 368 | - |
dc.identifier.eissn | 1469-1779 | - |
dc.identifier.isi | WOS:000504971400006 | - |