abstract:

We study job retention among older workers in Czechia, Hungary, Poland and Slovakia, using EU LFS data for the 1998-2013 period. We find that, on average, about 30% of workers aged 55-59 performed the same job five years later. Job retention rates were higher among men than among women. Between 2003 and 2013, retention rates increased for both genders in Poland and for males in Czechia, fluctuated in Slovakia and decreased noticeably for both genders in Hungary. We estimate bivariate probit models of job retention and non-retirement among 60-64 year-olds. Workers with tertiary education, in high-skilled jobs, in education and health sectors, and living with a working partner were more likely to remain in their jobs over the 5-year periods. Changes in retention rates over time were to a larger extent driven by changes in the overall conditions than by changes in job-related and personal characteristics.

keywords: job retention, retirement, transition to retirement, bivariate probit

JEL codes: , ,

publication year: 2016

language : English

thematic categories :

publishing series : IBS Working Paper

publication number : 11/2016

ISSN : 2451-4373

additional information: We thank the participants of the 2016 NTA-11 conference in Senegal for their insightful comments. This paper was financially supported by the Network for Jobs and Development initiative under the auspices of the World Bank. Eurostat has no responsibility for the results and conclusions which are those of the authors. Usual disclaimers apply. All errors are ours.

authors:
Iga Magda

Institute for Structural Research (IBS)

Aneta Kiełczewska

Institute for Structural Research (IBS)

Wojciech Hardy

Institute for Structural Research (IBS)

Piotr Lewandowski

Institute for Structural Research (IBS)

all publications