Dataset Information

Effects of changes in early retirement policies on labor force participation: the differential effects for vulnerable groups.

ABSTRACT: Objectives This study investigated the effects of a national early retirement reform, which was implemented in 2006 and penalized early retirement, on paid employment and different exit pathways and examined whether these effects differ by gender, income level and health status. Methods This study included all Dutch individuals in paid employment born six months before (control group) and six months after (intervention group) the cut-off date of the reform (1 January 1950) that fiscally penalized early retirement. A regression discontinuity design combined with restricted mean survival time analysis was applied to evaluate the effect of penalizing early retirement on labor force participation from age 60 until workers reached the retirement age of 65 years, while accounting for secular trends around the threshold. Results The intervention group postponed early retirement by 7.41 months [95% confidence interval (CI) 6.11-8.72], and partly replaced this by remaining 4.87 months (95% CI 3.60-6.24) longer in paid employment. Workers born after the threshold, annually earning €25 000-40 000, spent 1.24 months (95% CI 0.31-2.18) more in economic inactivity than those born before. The working months lost to unemployment increased by 1.50 months (95% CI 0.30-2.71) for female workers and 1.99 months (95% CI 0.06-3.92) for workers reporting multiple chronic diseases. Conclusions The national reform successfully prolonged working lives of older workers. However, workers with a middle income, female workers, and workers with chronic diseases were more vulnerable to premature exit from the labor market through unemployment or being without any income or benefit.

SUBMITTER: Oude Hengel KM

PROVIDER: S-EPMC8126444 | biostudies-literature |

REPOSITORIES: biostudies-literature

ACCESS DATA

Similar Datasets

Project description:BackgroundEmpirical evidence investigating heterogeneous impact of retirement on mental health depending on social backgrounds is lacking, especially among older adults.MethodsWe examined the impact of changes in working status on changes in mental health using Japanese community-dwelling adults aged ?65 years participating in the Japan Gerontological Evaluation Study between 2010 and 2013 (N = 62,438). Between-waves changes in working status ("Kept working", "Retired", "Started work", or "Continuously retired") were used to predict changes in depressive symptoms measured by the Geriatric Depression Scale. First-difference regression models were stratified by gender, controlling for changes in time-varying confounding actors including equivalised household income, marital status, instrumental activities of daily living, incidence of serious illnesses and family caregiving. We then examined the interactions between changes in working status and occupational class, changes in marital status, and post-retirement social participation.ResultsParticipants who transitioned to retirement reported significantly increased depressive symptoms (? = 0.33, 95% CI: 0.21-0.45 for men, and ? = 0.29, 95% CI: 0.13-0.45 for women) compared to those who kept working. Men who were continuously retired reported increased depressive symptoms (? = 0.13, 95% CI: 0.05-0.20), whereas males who started work reported decreased depressive symptoms (? = -0.20, 95% CI: -0.38--0.02). Men from lower occupational class (compared to men from higher class) reported more increase in depressive symptoms when continuously retired (? = -0.16, 95% CI: -0.25--0.08). Those reporting recreational social participation after retirement appeared to be less influenced by transition to retirement.ConclusionsRetirement may increase depressive symptoms among Japanese older adults, particularly men from lower occupational class backgrounds. Encouraging recreational social participation may mitigate the adverse effects of retirement on mental health of Japanese older men.

Dataset Information

Effects of changes in early retirement policies on labor force participation: the differential effects for vulnerable groups.

Similar Datasets

OmicsDI is part of the ELIXIR infrastructure

Tweets