2010
DOI: 10.1057/gpp.2010.24
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Early Retirement Among Men in Britain and Germany: How Important is Health?

Abstract: , like much of the Western world have concerns about the ageing of the population and early exit of older workers from the labour market. Policy debates have focused on direct changes to retirement ages and incentives to encourage greater pension saving. Less attention has been paid to the role of health. We use hazard models applied to longitudinal data from Britain and Germany to estimate the effect of health on early retirement among men. Our results show that health is a key determinant, and its effect is … Show more

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Cited by 19 publications
(20 citation statements)
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“…Economic incentives and economic policy are previously well-known factors to pull or push older workers to retire or extend working life (10,13,14,22,26,(30)(31)(32)(33). Compared with the other areas examined in this study, this seemed to be the most important factor for older workers when planning retirement and whether they believe they can and want to work until 65 years or beyond.…”
Section: Discussionmentioning
confidence: 80%
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“…Economic incentives and economic policy are previously well-known factors to pull or push older workers to retire or extend working life (10,13,14,22,26,(30)(31)(32)(33). Compared with the other areas examined in this study, this seemed to be the most important factor for older workers when planning retirement and whether they believe they can and want to work until 65 years or beyond.…”
Section: Discussionmentioning
confidence: 80%
“…Good physique, mental health, and work ability are often reported to be very important factors for whether people are able to continue their working life or take sick leave or some form of retirement (10,11,(15)(16)(17)(18)(19)(20)(21)(22)(23)(24)(25)(26)(27)(28)(29). Health has been called a key determinant of early retirement (30).Another factor often described in earlier retirement studies is economic: personal finances and retirement incentives (eg, incentives that keep employees in the workforce through poverty or pull them into retirement and make it possible to stop working through economic well-being) (10,13,14,22,26,(30)(31)(32)(33).Poor physical work environment and arduous work conditions leave people worn out and push them to leave working life early (15,21,(34)(35)(36)(37)(38)(39). Some studies have shown that older workers seem to need more time to rest, and highlight moderate working pace and working time as being very important for the older workforce (1,10,11,23,26,38).…”
mentioning
confidence: 99%
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“…However, personal factors (such as health and economic well-being) and environmental factors (such as work characteristics and leisure interest) both influence retirement planning and related decisions (Beehr, 1986;Ilmarinen, 2006;. Some factors seem to "pull" or "push" older workers to leave the workforce, whereas others influence them to stay in the workforce (Beehr, 1986;Cobb-Clark & Stillman, 2009;Roberts et al, 2010;Stattin, 1998). Ageing and old age retirement from working life is a complex research question and can be studied in three theoretical levels: macro, meso and/or micro level.…”
Section: Retirementmentioning
confidence: 99%