Employment Trajectories Beyond Retirement |
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| Authors: | Carola Burkert Daniela Hochfellner |
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| Affiliation: | 1. Senior Research Scientist, Institute for Employment Research Hesse, Frankfurt, Germany;2. Senior Research Scientist and Research Assistant Professor, Center of Urban Science and Progress, New York University, Brooklyn, New York, USA |
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| Abstract: | 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. |
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| Keywords: | Post-retirement employment retirement transitions survival analysis working longer |
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