Unretirement in England: An empirical perspective
AbstractAgeing populations place an increasing financial burden on governments. Retired older workers are a source of untapped economic capacity. Maestas (2010) finds 26% of Health and Retirement Study (HRS) sample respondent's `unretire'. We estimate an unretirement rate of 5.11% and 2.70% for women using The English Longitudinal Study of Ageing (ELSA). Earlier studies using US longitudinal data include Rust (1980), Gustman and Steinmeier (1984) and Hardy (1990) estimate similar rates. Results suggest: age, education, financial planning, unanticipated increases in debt, spouse and time effects play an important role in the decision for a male to unretire.
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Bibliographic InfoPaper provided by Department of Economics, University of York in its series Discussion Papers with number 12/31.
Date of creation: Nov 2012
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ELSA; Labour supply; Labour demand; Unretirement;
Other versions of this item:
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-11-24 (Economics of Ageing)
- NEP-ALL-2012-11-24 (All new papers)
- NEP-DEM-2012-11-24 (Demographic Economics)
- NEP-EUR-2012-11-24 (Microeconomic European Issues)
- NEP-LAB-2012-11-24 (Labour Economics)
- NEP-LMA-2012-11-24 (Labor Markets - Supply, Demand, & Wages)
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