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Career histories as determinants of gendered retirement timing in the Danish and Swedish pension systems

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  • Stefanie König

    (University of Gothenburg)

Abstract

After reforms in pension systems had taken place in most European countries within the last two decades, the concern was raised that women may be disadvantaged by these reforms. It is suggested that they are faced with a higher financial need to work longer. Retrospective data from SHARELIFE are used to run an event history analysis on the timing of the final employment exit, separately for gender, country and exit cohort. This study aims to disentangle the influence of gendered labour markets and pension regulations on retirement timing by investigating conditions in Denmark and Sweden. Some evidence was found that women compensate for lower labour market attachment due to long part-time periods by working longer, especially in younger cohorts. This seems to depend on the pension system. In countries with broad basic pensions, high replacement rates for low-income groups and fewer penalties for early retirement, the compensation is suggested to be less frequent. This study indicates the growing importance of the “compensation hypothesis” compared to the “status maintenance hypothesis” of previous careers in relation with retirement timing.

Suggested Citation

  • Stefanie König, 2017. "Career histories as determinants of gendered retirement timing in the Danish and Swedish pension systems," European Journal of Ageing, Springer, vol. 14(4), pages 397-406, December.
    • Handle: RePEc:spr:eujoag:v:14:y:2017:i:4:d:10.1007_s10433-017-0424-5
    DOI: 10.1007/s10433-017-0424-5
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    References listed on IDEAS

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    1. Hank, Karsten & Korbmacher, Julie, 2010. "Reproductive History and Retirement: Gender Differences and Variations Across Welfare States," MEA discussion paper series 10223, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    2. Ebbinghaus, Bernhard (ed.), 2011. "The Varieties of Pension Governance: Pension Privatization in Europe," OUP Catalogue, Oxford University Press, number 9780199586028.
    3. Lyberaki, Antigone & Tinios, Platon & Papadoudis, George, 2010. "A-Typical Work Patterns of Women in Europe: What can we Learn From SHARELIFE?," MEA discussion paper series 10221, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    4. Agar Brugiavini & Franco Peracchi, 2005. "The Length of Working Lives in Europe," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 477-486, 04/05.
    5. Dominique Anxo & Thomas Ericson & Annie Jolivet, 2012. "Working longer in European countries: underestimated and unexpected effects," International Journal of Manpower, Emerald Group Publishing Limited, vol. 33(6), pages 612-628, September.
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