The retirement transition from self-employment: comparing the solo self-employed and company owners in Finland

Kathrin Komp-Leukkunen

International Journal of Entrepreneurship and Small Business, 2025, vol. 55, issue 1, 85-103

Abstract: Retirement from self-employment is receiving increasing attention due to population ageing. It is a critical event for the self-employed, influencing their identity and well-being. It also is a critical event for their businesses, influencing the national economy. This study explores differences in the retirement transition between the solo self-employed and company owners. A multichannel sequence analysis and cluster analysis are carried out with Finnish register data, tracing the ages 50 to 69. Findings show that the solo self-employed form a homogenous group, retiring at age 65 with an old-age pension. They follow state pension regulations. In contrast, company owners form a heterogeneous group, displaying agency. Some retire with an old-age pension at 65. Others work until 56 and receive a pension from 65 on. Others switch to employment and then retire with a pension at 65. A non-employment or employment spell before retirement means that businesses have untapped potentials.

Keywords: self-employment; retirement; retirement transition; solo self-employed; solo self-employment; company owners; work, pensions; Finland; population ageing; later retirement; register data; multichannel sequence analysis; cluster analysis. (search for similar items in EconPapers)
Date: 2025
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