Unretirement in England: An empirical perspective
Discussion Papers from Department of Economics, University of York
Ageing populations place an increasing financial burden on governments. Retired older workers are a source of untapped economic capacity. Maestas (2010) finds 26% of Health and Retirement Study (HRS) sample respondent's `unretire'. We estimate an unretirement rate of 5.11% and 2.70% for women using The English Longitudinal Study of Ageing (ELSA). Earlier studies using US longitudinal data include Rust (1980), Gustman and Steinmeier (1984) and Hardy (1990) estimate similar rates. Results suggest: age, education, financial planning, unanticipated increases in debt, spouse and time effects play an important role in the decision for a male to unretire.
Keywords: ELSA; Labour supply; Labour demand; Unretirement (search for similar items in EconPapers)
JEL-codes: J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dem, nep-eur, nep-lab and nep-lma
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Working Paper: Unretirement in England: An Empirical Perspective (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:yor:yorken:12/31
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