Labor Market Participation and Postponed Retirement in Central and Eastern Europe
This paper shows that as the educational composition in the fifty-five to sixty-four year-old age bracket improved between the mid-1990s and the mid-2010s, the effective retirement age rose rapidly in the Central and Eastern European region. This i...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/552541556884165435/Labor-Market-Participation-and-Postponed-Retirement-in-Central-and-Eastern-Europe http://hdl.handle.net/10986/31632 |
| Summary: | This paper shows that as the educational
composition in the fifty-five to sixty-four year-old age
bracket improved between the mid-1990s and the mid-2010s,
the effective retirement age rose rapidly in the Central and
Eastern European region. This increase was fast enough to
keep life expectancies at the effective retirement age
practically unchanged. In effect, the labor market absorbed
all improvements in life expectancies in older working ages.
The paper also shows that maintaining the current life
expectancies at retirement over the next thirty years
requires less effort in terms of further raising the
effective retirement age than what the region achieved in
this respect in the last fifteen years. |
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