scholarly journals An Attempt to Identify Factors Influencing Retirement Decisions in Poland

2018 ◽  
Vol 4 (336) ◽  
pp. 43-59
Author(s):  
Anna Ruzik-Sierdzińska
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Pension System ◽  
Labour Force ◽  
Economic Incentives ◽  
Economic Transformation ◽  
Retirement Age ◽  
Special Focus ◽  
Factors Influencing ◽  
Retirement Decisions

Discussions on how to prevent negative economic consequences of ageing of societies have resulted in the reforms that should prolong labour market participation and postpone retirement of longer living generations. Pension systems are among those reformed most frequently. Also in Poland – since the beginning of economic transformation in the early 1990s – retirement rules have changed many times. Pre‑retirement benefits and allowances have been introduced to help those who became unemployed at an older age. Since 2009 early retirement is not possible any more (with some exceptions), the standard retirement age continued to increase since 2013 and then it decreased again in 2017. The aim of the paper is to analyse the driving forces of retirement in Poland. Such knowledge is important to develop proper policies and expectations about labour supply decisions. We have analysed what factors influenced retirement decisions in the last decade, with a special focus on pension system regulations. The main data sources used in this paper are Labour Force Survey (BAEL) data for the years 2005–2016 and the Social Insurance Institution statistics. Probabilities of retirement from the labour force were presented and discussed. Then, individual BAEL data for persons aged 50–74 in the years 2013–2016 were used to estimate logistic regression models of odds of labour market inactivity. The results show that education or health status are significant factors influencing retirement decisions in Poland. Additionally, older workers react to economic incentives for retirement created by the pension system, mainly the retirement age.

scholarly journals Persons of Pre-Retirement Age in the Labour Market: Employment Problems and Support Measures

2020 ◽  
Vol 16 (4) ◽  
pp. 1178-1192
Author(s):  
Natalya A. Chernykh ◽  
Anna N. Tarasova ◽  
Andrey E. Syrchin
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Pension Reform ◽  
Economic Incentives ◽  
Age Discrimination ◽  
Government Support ◽  
Retirement Age ◽  
Support Measures ◽  
Employment Sector ◽  
The Government

The problem of age discrimination in the labour sector has become even more relevant, as the increase in the retirement age and the COVID-19 pandemic in Russia reinforce ageism. The article aims to assess the incidence of age discrimination in the labour market of the Sverdlovsk Region and examine employers’ behaviour towards people nearing retirement. The mixed methodology includes quantitative (analysis of statistics, questionnaire survey, content analysis) and qualitative (in-depth interviews with employers) research methods. While in the 1990s age discrimination was evident and expressed in the exclusion of older workers from the employment sector, now age discrimination is latent and has different manifestations. The results showed that people aged over 45 have less job opportunities in the labour market. Thus, most of them choose to maintain employment. This strategy, however, does not protect against other discriminatory practices such as displacement to less paid positions, reduced pay rate, etc. This situation leads to the decrease in the average wage of workers aged 50-55 by approximately 25%. We can conclude that employers did not change their behaviour and continue using discriminatory practices to maximise the return on human capital, shifting the risks of pension reform to employees. The government is trying to smooth over the differences between the effectiveness of the regional economic system, focused on maximising the use of regional human resources, and the effectiveness of individual organisations by protecting labour rights and promoting the employment of people nearing retirement. However, the government support measures mainly focus on training or retraining of people aged over 50, while employers lack economic incentives to reconsider their attitude towards older workers. Thus, we recommend developing governmental mechanisms for encouraging employers to change their personnel policy concerning employees aged over 50.

scholarly journals The Analysis of Predictors of Retirement Preferences over Time

2020 ◽  
Author(s):  
Patrick Pilipiec ◽  
Wim Groot ◽  
Milena Pavlova
Keyword(s):  
Job Satisfaction ◽  
Older Workers ◽  
Pension System ◽  
Labour Force ◽  
Personal Characteristics ◽  
University Education ◽  
Retirement Age ◽  
Net Income ◽  
Demographic Ageing ◽  
Over Time

Abstract Due to rapid demographic ageing and to sustain its pension system, the Netherlands recently initiated a pension reform that increased the retirement age, with the intention to increase labour force participation among older workers. However, there is little evidence on the preferences of workers concerning their retirement age, and on how these preferences have changed over time. To identify personal and work-related determinants of the preference toward earlier or later retirement, and how these determinants and preferences have changed over time. We use data from three consecutive measurements (waves) of a large Dutch panel. Ordered logit regression is used to investigate the predictors of retirement preferences. Analyses are performed for two groups; all workers and a subsample of workers aged 50 years or older. Furthermore, the analyses are performed for each wave separately and for the combined dataset. A preference for later retirement is primarily related to university education, high job satisfaction, and high income. Age is only positively related to later retirement among older workers. Earlier retirement is preferred by female workers and workers living with a partner. The preference toward an earlier retirement age has increased over time. The preferences toward retirement can be primarily explained by personal characteristics, job satisfaction, and net income. Furthermore, with the increase in the retirement age defined by current legislation, the preference for an earlier retirement age has increased over time.

scholarly journals Demographics, Labour Market, and Pension Sustainability in Hungary

2020 ◽  
Vol 42 (2) ◽  
pp. 146-171
Author(s):  
András Olivér Németh ◽  
Petra Németh ◽  
Péter Vékás
Keyword(s):  
Labour Market ◽  
Pension System ◽  
The Elderly ◽  
Retirement Age ◽  
Baseline Scenario ◽  
Dependency Ratio ◽  
Recent Developments ◽  
Market Trends ◽  
Employment Rates ◽  
Age Dependency Ratio

The sustainability of an unfunded pension system depends highly on demographic and labour market trends, i.e. how fertility, mortality, and employment rates change. In this paper we provide a brief summary of recent developments in these fields in Hungary and draw up a picture of the current situation. Then, we forecast the path of the economic old-age dependency ratio, i.e. the ratio of the elderly and employed populations. We make different alternative assumptions about fertility, mortality, and employment rates. According to our baseline scenario the dependency ratio is expected to rise from 40.6% to 77% by 2050. Such a sharp increase makes policy intervention inevitable. Based on our sensitivity analysis, the only viable remedy is increasing the retirement age.

Socioeconomic Determinants of Early Retirement in Canada

1984 ◽  
Vol 3 (3) ◽  
pp. 105-116 ◽  
Author(s):  
P. Lynn McDonald ◽  
Richard A. Wanner
Keyword(s):  
Socioeconomic Factors ◽  
Labour Market ◽  
Early Retirement ◽  
Labour Force ◽  
Married Women ◽  
Men And Women ◽  
Factors Influencing ◽  
Using Data ◽  
Retirement Status ◽  
Mobility Study

ABSTRACTIn view of the trend toward increasing early retirement observed in Canada since the 1960's, this study attempts to determine the main socioeconomic factors influencing the decision to retire before age 65 among Canadian men and women. Using data from the 1973 Canadian Mobility Study, we estimate a series of models in which retirement is measured as both the degree of involvement in the labour force and a subjective declaration of retirement status. We conclude that those Canadians who retire early tend to be single men and married women employed by others who are better educated and whose nonearned income is higher than those who retire at a later age. As anticipated, early retirement experiences are different for men and women, reflecting the more precarious position of women in the labour market.

scholarly journals Remaining active in the labour market: Trends and characteristics of the over 50s

2019 ◽  
Vol 38 (1) ◽  
pp. 16-25
Author(s):  
Thomas Turner
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Labour Force ◽  
Household Survey ◽  
Age Group ◽  
Level Of Education ◽  
National Household Survey ◽  
Market Trends

AbstractDrawing on the Quarterly National Household Survey (QNHS), this paper examines changes in the proportion of people aged over 50, active in the Irish labour market from 1998 to 2014. Results indicate that an increasing number of workers over 50 remain active, due mainly to the dramatic increase in the proportion of older females remaining in the labour force. By 2014 the 50 to 64 age group accounted for a quarter of all economically active people in the labour market between 15 and 64. Older workers are more likely to be employees and less likely to be employers or self-employed in 2014 compared to 1998. Older workers in lower-level occupations, particularly over the age of 60, are more likely to remain economically active. Level of education is strongly associated with the likelihood of older workers remaining economically active, particularly for the 50-59 age group and for females. .

scholarly journals Measures to reduce unemployment

2019 ◽  
Vol 80 (4) ◽  
pp. 471-478
Author(s):  
T. I. Ovchinnikova ◽  
G. N. Strukov
Keyword(s):  
Labor Market ◽  
Labour Market ◽  
Work Experience ◽  
Pension System ◽  
Labour Force ◽  
Age Groups ◽  
Youth Unemployment ◽  
The State ◽  
University Graduates ◽  
Infrastructure Development

The article considers socio-economic measures of reduction of unemployment. In today's economic conditions, the authors highlight the state of the labour market, characterized the level of market infrastructure development, deformity in workers ' income, level of qualification of university graduates, presence of "shadow" sector of labor market ; and also movement in the labour market: natural movement, change of pension system, high level of hidden unemployment, low wages, decline of production, migration processes. The structure of the employed by age groups is considered, the indicators characterizing both the state and the movement in the labor market are studied, the decrease in the number of workers associated with natural processes is shown (decrease of fertility and increase of the level of Population mortality). The example of one of the districts of Voronezh investigated Model determining the degree of economic efficiency of the population potential; MThe dress includes calculation of Pokazatelejpotenciala labour resources of youth unemployment indicators. It is proposed to include Further formation of the labour market and reduction of unemployment rate the following mechanisms: offshoring, increase of work experience, account of migration of population, control of outflowWorkers, released from different branches of the national economy, raising the level of skills of youth, which for the first time enters the labour force, increasing the feminization of the working population (women with young children), Employment of persons unemployed in the economy, control over labour bodies and other methods of attracting temporarily unemployed population. It is proposed to expand the capacity of the labour and employment bodies not only to assess the prospects of inclusion of their work, but also to work on identifying and registering hidden Bezraboticyipo stimulating measures to reduce unemployment.

The Puzzle of Retirement and Early Retirement

2005 ◽  
Author(s):  
Sarah Harper ◽  
Peter Laslett
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Early Retirement ◽  
Labour Force ◽  
Extended Period ◽  
Healthy Life ◽  
Men And Women ◽  
Pension Systems ◽  
The Uk ◽  
Changing Attitudes

This chapter focuses on early retirement, explaining why at a time of increasing longevity, and in particular healthy and active longevity, there is a continual withdrawal from the labour force of men and women who have not yet reached the formal age of retirement. While the expectation of a healthy life has been steadily growing, between 1950 and 1995 the estimated average age in the UK of the transition from economic employment to economic inactivity by older workers fell from 67.2 to 62.7 years for men and from 63.9 to 59.7 years for women. There are three main explanations for this change. First, economists have taken the view that there exist within most national pension systems incentives to retire. Second, sociologists argued that changes within the workplace and labour market have forced employees to withdraw. Finally, there are the changing attitudes of the workers and a growing internalisation of retirement as an extended period of funded leisure and consumption.

scholarly journals The Netherworld between Work and Retirement

2016 ◽  
Vol 15 (4) ◽  
pp. 625-636 ◽  
Author(s):  
Michael McGann ◽  
Helen Kimberley ◽  
Dina Bowman ◽  
Simon Biggs
Keyword(s):  
Labour Market ◽  
Older Workers ◽  
Working Life ◽  
Retirement Age ◽  
Major Theme ◽  
Narrative Interviews ◽  
Social Gerontology ◽  
Policy Makers ◽  
Part Time

A major theme within social gerontology is how retirement ‘is being re-organised, if not undone’. Institutional supports for retirement are weakening, with pension ages rising in many countries. Increasing numbers of older workers are working past traditional retirement age on a part-time or self-employed basis, and a growing minority are joining the ranks of the long-term unemployed. Drawing upon narrative interviews with older Australians who are involuntarily non-employed or underemployed, this article explores how the ‘unravelling’ of retirement is experienced by a group of older workers on the periphery of the labour market. While policy makers hope that higher pension ages will lead to a longer period of working life, the risk is that older workers, especially those experiencing chronic insecurity in the labour market, will be caught in a netherworld between work and retirement.

scholarly journals WAGE CHANGE IN THE LITHUANIAN LABOUR MARKET

2010 ◽  
Vol 2 (2) ◽  
pp. 119-125 ◽  
Author(s):  
Laura Žiogelytė
Keyword(s):  
Labour Market ◽  
Wage Rate ◽  
Labour Force ◽  
Wage Structure ◽  
External Factors ◽  
Main Function ◽  
Wage Change ◽  
Factors Influencing ◽  
Internal And External Factors ◽  
Theoretical Issues

In a market, the labour force of the population can be sold and bought. The wage is the price or the monetary value of the labour force. The wage rate depends on the key internal and external factors. In a market economy, remuneration for work becomes the object of negotiation between the employer and the employee. In order to legally implement this negotiation, we need to describe the term of the wage, wage systems, wage structure, functions and other issues. The article deals with the theoretical issues relating to wages: the concept of the wage, the main function of wages, the factors influencing the wage rate are analysed and systematised. The article analyses net wages and gross wages and other factors influencing the Lithuanian labour market.

scholarly journals National report 2009-2019 - Rural NEET in Poland

2020 ◽  
Keyword(s):  
Labour Market ◽  
Rural Areas ◽  
Urban Areas ◽  
Labour Force ◽  
Population Data ◽  
Economic Transformation ◽  
Labour Market Situation ◽  
The Past ◽  
Market Situation ◽  
The Difference

The report outlines the evolution of the labour market situation of young people in Poland between 2009 and 2019. Particular attention was paid to describe how the situation has changed across different age subgroups and degree of urbanization. The analysis includes descriptive statistics of the selected labour market indicators (employment and unem-ployment rate, NEET rate) along with educational and population data extracted from the Eurostat public datasets. The report shows that youth population in Poland has been declining over the past decade, especially in cities and rural areas. Labour market situation of young Poles worsened in the aftermath of financial and economic crisis. Since 2013 is has improved considerably. In 2019,the unemployment rate was below the pre-recession level and the lowest since the political and economic transformation. The pattern of labour market situation evolution was similar across all age subgroups and degrees of urbanisation, although those from the younger sub-groups were more vulnerable to economic fluctuations. In 2019, the difference between rural and urban areas in the unemployment level was minor. The employment rate and the NEET rate, however, was clearly higher in cities which suggests that many of those living in towns and rural areas remain outside the labour force. The level of school dropouts among youth is one of the lowest in the EU and has been relatively stable over the past decade. It is slightly higher in towns and rural areas than in cities, but the difference is not significant.

Sign in / Sign up

Export Citation Format

Share Document