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Unretirement in England: An Empirical Perspective

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  • Ricky Kanabar

Abstract

Ageing 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 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.

Suggested Citation

  • Ricky Kanabar, 2013. "Unretirement in England: An Empirical Perspective," Discussion Papers 13/25, Department of Economics, University of York.
  • Handle: RePEc:yor:yorken:13/25
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    Cited by:

    1. Mona Larsen & Peder Pedersen, 2013. "To work, to retire – or both? Labor market activity after 60," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-20, December.
    2. Ricky Kanabar & Peter Simmons, 2013. "Work and Play Pave the Way: The Importance of Part Time Work in a Lifecycle Model," Discussion Papers 13/01, Department of Economics, University of York.
    3. repec:eee:joecag:v:1-2:y:2013:i::p:28-34 is not listed on IDEAS
    4. Bell, David N.F. & Rutherford, Alasdair C., 2013. "Older Workers and Working Time," IZA Discussion Papers 7546, Institute for the Study of Labor (IZA).

    More about this item

    Keywords

    ELSA; Labour supply; Labour demand; Unretirement;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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