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Well-being and intended early retirement among older European workers: does job satisfaction matter? A 6-Wave follow-up

Author

Listed:
  • Cantarero-Prieto, David
  • Pascual-Sáez, Marta
  • Blázquez-Fernández, Carla

Abstract

In recent years, population aging has received great attention in developed countries given the social challenges that it entails. At this regard, it is well documented that this collective is associated with fewer resources (both physical and economic). Furthermore, ageing societies incite an increase in the inactive population and so, threaten the financial viability of the social protection systems. This study investigates the effects of different factors on early retirement intentions among European workers aged 50-65 using the latest available data (waves 1-6: 2004-2015) from the Survey of Health, Ageing and Retirement in Europe (SHARE). We shed new light on this causal relationship controlling for job characteristics and well-being indicators. Our empirical results based on logistics regressions suggest that people that is satisfied with their jobs (OR = 0.61; 95 % C.I. 0.53, 0.71), with very high appreciation of their quality of life (OR = 0.56; 95 % C.I. 0.49, 0.64) or with good health (OR = 0.55; 95 % C.I. 0.47, 0.65) would have less intentions of early retirement, that is, decreased odds of work exit. Besides, social-environment would matter.

Suggested Citation

  • Cantarero-Prieto, David & Pascual-Sáez, Marta & Blázquez-Fernández, Carla, 2018. "Well-being and intended early retirement among older European workers: does job satisfaction matter? A 6-Wave follow-up," MPRA Paper 89077, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89077
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    References listed on IDEAS

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    1. Ewan Carr & Gareth Hagger-Johnson & Jenny Head & Nicola Shelton & Mai Stafford & Stephen Stansfeld & Paola Zaninotto, 2016. "Working conditions as predictors of retirement intentions and exit from paid employment: a 10-year follow-up of the English Longitudinal Study of Ageing," European Journal of Ageing, Springer, vol. 13(1), pages 39-48, March.
    2. Lixin Cai & Guyonne Kalb, 2006. "Health status and labour force participation: evidence from Australia," Health Economics, John Wiley & Sons, Ltd., vol. 15(3), pages 241-261, March.
    3. Jones, Melanie K. & Latreille, Paul L. & Sloane, Peter J. & Staneva, Anita V., 2013. "Work-related health risks in Europe: Are older workers more vulnerable?," Social Science & Medicine, Elsevier, vol. 88(C), pages 18-29.
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    Keywords

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    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy

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