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 respondentâ€™s â€˜unretireâ€™. We estimate unretirement rates between 5.5 and 9.2 percent 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 duration in retirement 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 13/25.
Date of creation: Sep 2013
Date of revision:
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Postal: Department of Economics and Related Studies, University of York, York, YO10 5DD, United Kingdom
Phone: (0)1904 323776
Fax: (0)1904 323759
Web page: http://www.york.ac.uk/economics/
More information through EDIRC
ELSA; Labour supply; Labour demand; Unretirement;
Other versions of this item:
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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