Wanting to Retire as Early as Possible: Health, Job Satisfaction and Monetary Factors
AbstractIndividual aspirations concerning age at retirement vary between and within countries. Aspiration toward early retirement may depend both on economic and non-economic factors. The latter include job satisfaction, health and life expectancy. But the desire to retire as early as possible may also depend on economic or monetary factors and particularly on the structure of pension entitlements. By combining data from the Share survey and country-specific indicators of pension entitlements recently released by the OECD, it is possible to analyse the role of all these factors. At the individual level, it seems that health and job satisfaction are significant determinants of the desire to retire as early as possible. However, these non-economic factors only explain a limited share of the cross-country differentials due to their low level of cross-country variability. Economic factors seem to play a larger role at this cross-national level, at least for some of the countries under review.
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Bibliographic InfoArticle provided by Institut National de la Statistique et des Etudes Economiques in its journal Economie et Statistique.
Volume (Year): 403-404 (2007)
Issue (Month): (December)
Retirement; Monetary factor; Health; Job Satisfaction;
Find related papers by 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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