Publication type
Journal Article
Authors
Publication date
June 1, 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
Volume: 209 (1):88-103
DOI
http://dx.doi.org/10.1177/0027950109345236
Subjects
Notes
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
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