Beschreibung

"Within the political and academic debate on working longer, post-retirement employment is discussed as an alternative to maintain older workers in the labor market. Our paper enhances this discussion by studying determinants of transitions into post-retirement jobs within differing work environments of birth cohorts 1940 - 1942. We estimate proportional sub-hazard models accounting for competing risks using unique German social security data linked to pension accounts. Our findings suggest that individuals' preferences to take up post-retirement jobs are not mutually exclusive. Our study provides evidence that taking up post-retirement jobs is related to seeking financial security, continuity and work ability, suggesting that public policy has to develop target-oriented support through a public policy mix of different measures aligned to the different peer-groups in the labor market." (Author's abstract, IAB-Doku) ((en))