Labor Market Participation and Postponed Retirement in Central and Eastern Europe

Gal, Robert I. ; Radó ; , Má ; rta

World Bank, Washington, DC

关键词: PENSION REFORM;    RETIREMENT AGE;    LIFE EXPECTANCY;    LABOR MARKET;    LABOR FORCE PARTICIPATION;   

RP-ID  :  136567

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper shows that as the educationalcomposition in the fifty-five to sixty-four year-old agebracket improved between the mid-1990s and the mid-2010s,the effective retirement age rose rapidly in the Central andEastern European region. This increase was fast enough tokeep life expectancies at the effective retirement agepractically unchanged. In effect, the labor market absorbedall improvements in life expectancies in older working ages.The paper also shows that maintaining the current lifeexpectancies at retirement over the next thirty yearsrequires less effort in terms of further raising theeffective retirement age than what the region achieved inthis respect in the last fifteen years.