Skip to content

Journal Article

Valuing jobs via retirement: European evidence

Authors

Publication date

2009

Abstract

While much has been made of the value of employment relative to unemployment, much less is known about the value of work relative to retirement. Here we use two European panel datasets to show first that psychological well-being (measured on the EURO-D and GHQ scales) barely changes on average when individuals retire. However, there is a great deal of heterogeneity in the size of this change between job type and between individuals. Some gain on leaving work, while others experience substantial falls in well-being on retiring, suggesting that they may have preferred to carry on working. We suggest that the results of these analyses can help to inform policy aiming to encourage labour supply by older workers.

Published in

National Institute Economic Review

Volume

209 (1):88-103

DOI

http://dx.doi.org/10.1177/0027950109345236

Subjects

Older People, Labour Market, and Well Being

Links

http://serlib0.essex.ac.uk/record=b1646377~S5

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#512562


Research home

Research home

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest