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The Transition from Work to Retirement

Author

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  • Eichhorst, Werner

    (IZA)

Abstract

The European Employment Strategy has set the goal of raising the retirement age of workers in the EU through a strategy of "active ageing". Yet despite some progress over the last decade, empirical data show persistent diversity across EU member states. Institutional arrangements of social and labor market policies can be seen as the core factors behind cross-national diversity. Hence, institutional change is crucial to explain structural changes. The paper tries to assess the role of supranational policy initiatives and national politico-economic factors in shaping the transition from work to retirement in EU member states which is still governed by the national political economy. Taking the German case as an example in point, the paper shows the dynamic interaction between policy changes, in particular in benefit systems and activation, and changes in the approach of firms and workers to early retirement. Policy changes influence actors’ behavior in the medium run and open up opportunities for subsequent reforms.

Suggested Citation

  • Eichhorst, Werner, 2011. "The Transition from Work to Retirement," IZA Discussion Papers 5490, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp5490
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    Citations

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    Cited by:

    1. Günther Schmid, 2015. "Sharing Risks of Labour Market Transitions: Towards a System of Employment Insurance," British Journal of Industrial Relations, London School of Economics, vol. 53(1), pages 70-93, March.
    2. Marco Caliendo & Jens Hogenacker, 2012. "The German labor market after the Great Recession: successful reforms and future challenges," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-24, December.
    3. Zitikytė Kristina, 2020. "Employment at 55+: Do We Want to work Longer in Lithuania?," Ekonomika (Economics), Sciendo, vol. 99(1), pages 50-68, June.
    4. Bell, David N.F. & Rutherford, Alasdair C., 2013. "Older workers and working time," The Journal of the Economics of Ageing, Elsevier, vol. 1, pages 28-34.
    5. Michael Kuhn & Alexia Prskawetz & Uwe Sunde, 2014. "Health, education, and retirement over the prolonged life cycle: a selective survey of recent research," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 12(1), pages 1-22.
    6. Phijaisanit, Euamporn, 2015. "How can promoting desirable elderly employment opportunities alleviate the shortfalls of Thailand’s ageing society?," MPRA Paper 89824, University Library of Munich, Germany, revised 2016.

    More about this item

    Keywords

    European Employment Strategy; early retirement; older workers; Germany;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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