the transition from work to retirement - iza institute of ...ftp.iza.org/dp5490.pdf · the...
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![Page 1: The Transition from Work to Retirement - IZA Institute of ...ftp.iza.org/dp5490.pdf · The Transition from Work to Retirement The European Employment Strategy has set the goal of](https://reader030.vdocuments.site/reader030/viewer/2022040809/5e4f7301833f704f54705413/html5/thumbnails/1.jpg)
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Forschungsinstitut zur Zukunft der ArbeitInstitute for the Study of Labor
The Transition from Work to Retirement
IZA DP No. 5490
February 2011
Werner Eichhorst
![Page 2: The Transition from Work to Retirement - IZA Institute of ...ftp.iza.org/dp5490.pdf · The Transition from Work to Retirement The European Employment Strategy has set the goal of](https://reader030.vdocuments.site/reader030/viewer/2022040809/5e4f7301833f704f54705413/html5/thumbnails/2.jpg)
The Transition from Work to Retirement
Werner Eichhorst IZA
Discussion Paper No. 5490 February 2011
IZA
P.O. Box 7240 53072 Bonn
Germany
Phone: +49-228-3894-0 Fax: +49-228-3894-180
E-mail: [email protected]
Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.
![Page 3: The Transition from Work to Retirement - IZA Institute of ...ftp.iza.org/dp5490.pdf · The Transition from Work to Retirement The European Employment Strategy has set the goal of](https://reader030.vdocuments.site/reader030/viewer/2022040809/5e4f7301833f704f54705413/html5/thumbnails/3.jpg)
IZA Discussion Paper No. 5490 February 2011
ABSTRACT
The Transition from Work to Retirement The European Employment Strategy has set the goal of raising the retirement age of workers in the EU through a strategy of “active ageing”. Yet despite some progress over the last decade, empirical data show persistent diversity across EU member states. Institutional arrangements of social and labor market policies can be seen as the core factors behind cross-national diversity. Hence, institutional change is crucial to explain structural changes. The paper tries to assess the role of supranational policy initiatives and national politico-economic factors in shaping the transition from work to retirement in EU member states which is still governed by the national political economy. Taking the German case as an example in point, the paper shows the dynamic interaction between policy changes, in particular in benefit systems and activation, and changes in the approach of firms and workers to early retirement. Policy changes influence actors’ behavior in the medium run and open up opportunities for subsequent reforms. JEL Classification: J14, J26 Keywords: early retirement, older workers, Germany, European Employment Strategy Corresponding author: Werner Eichhorst IZA P.O. Box 7240 53072 Bonn Germany E-mail: [email protected]
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60.4
57.5
57.5
56.2
56.0
55.5
55.1
53.2
51.6
51.0
49.7
48.0
46.8
46.1
46.0
44.1
42.6
42.2
41.1
39.5
38.9
38.2
35.7
35.6
35.3
32.8
32.3
28.1
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20
30
40
50
60
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EU Target of 50% Employment Rate of Older Workers
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56
58
60
62
64
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Bul
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Irela
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Sw
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Cyp
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Net
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Latv
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Aus
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2001/022006-08
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-10
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0
5
10
15
20
25
30
35
Den
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Sw
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2009
Difference to 2000*
* Difference to 2001 for Bulgaria, Poland and Slovenia; Difference to 2002 for Czech Republic, Ireland, Latvia and Slovakia. Source: Eurostat.
EU Target of 12.5% Participation Rate
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