Valuing Jobs Via Retirement: European Evidence

Andrew Clark and Yarine Fawaz

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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.

Date: 2009-07
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Citations: View citations in EconPapers (19)

Published in National Institute Economic Review, 2009, 1 (209), pp.88-103. ⟨10.1177/0027950109345236⟩

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Journal Article: Valuing Jobs via Retirement: European Evidence (2009)
Journal Article: VALUING JOBS VIA RETIREMENT: EUROPEAN EVIDENCE (2009)
Working Paper: Valuing Jobs Via Retirement: European Evidence (2009)
Working Paper: Valuing jobs via retirement: European evidence (2009)
Working Paper: Valuing jobs via retirement: European evidence (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754350

DOI: 10.1177/0027950109345236

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