Within the political and academic debate on working longer, post-retirement employment is discussed as an alternative to maintain older workers in the labor market. Our article enhances this discussion by studying determinants of transitions into post-retirement jobs within differing work environments of birth cohorts 1940-1942. We estimate proportional subhazard models accounting for competing risks using unique German social security data linked to pension accounts. Our findings suggest that individuals' preferences to take up post-retirement jobs are not mutually exclusive. Our study provides evidence that taking up post-retirement jobs is related to seeking financial security, continuity, and work ability, suggesting that public policy has to develop target-oriented support through a public policy mix of different measures aligned to the different peer groups in the labor market.
The combination of the influencing parameters on working beyond retirement permits the conclusion that persons who face the risk of old-age poverty are more likely to work when they are retired.
The demand for comprehensive and innovative data is constantly growing in social science. In particular, micro data from various social security agencies become more and more attractive. In contrast to survey data, administrative data offer a census with highly reliable information but are restricted in their usage. To make them accessible for researchers, data or research output either have to be anonymized or released after disclosure review procedures have been used. This article discusses the trade-off between maintaining a high capability of research potential while protecting private information, by exploiting the data disclosure portfolio and the adopted disclosure strategies of the Research Data Center of the German Federal Employment Agency.
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