Labor Market Participation and Postponed Retirement in Central and Eastern Europe

• Tác giả: Robert I Gal
• Ngôn ngữ: eng
• Ký hiệu phân loại: 351.4 Public administration
• Thông tin xuất bản: World Bank, Washington, DC, 2019
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 313960
• Chủ đề: 1. LABOR FORCE PARTICIPATION; 2. LABOR MARKET; 3. LIFE EXPECTANCY; 4. PENSION REFORM; 5. RETIREMENT AGE

Tóm tắt

This paper shows that as the educational composition in the fifty-five to sixty-four year-old age bracket improved between the mid-1990s and the mid-2010s, the effective retirement age rose rapidly in the Central and Eastern European region. This increase was fast enough to keep life expectancies at the effective retirement age practically unchanged. In effect, the labor market absorbed all improvements in life expectancies in older working ages. The paper also shows that maintaining the current life expectancies at retirement over the next thirty years requires less effort in terms of further raising the effective retirement age than what the region achieved in this respect in the last fifteen years.