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Beyond retirement: who stays at work after the standard age of retirement?
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.ORCID iD: 0000-0001-9801-8433
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.
Linnaeus University, Faculty of Health and Life Sciences, Department of Psychology.
2019 (English)In: International journal of manpower, ISSN 0143-7720, E-ISSN 1758-6577, Vol. 40, no 5, p. 917-938Article in journal (Refereed) Published
Abstract [en]

Purpose Drawing on a unique combination of longitudinal administrative data and a postal survey, the purpose of this paper is to identify the socio-economic factors and individual characteristics that affect senior citizens' decision to continue working on the Swedish labour market after the standard retirement age. Design/methodology/approach By using standard econometric techniques (multinomial logit model) on a large representative sample of 20,000 senior citizens residing in Sweden, the auhtors analyse the extent to which socio-economic factors and individual characteristics including personality traits affect the decision of senior citizens to delay retirement and to continue working after the standard retirement age. Findings The results of our estimations show clearly that good health, high educational attainment/high-skilled jobs, good psychosocial work environment, employment status (to be self-employed), personality traits (extraversion, openness to experience and conscientiousness) as well as industrial sectors (agriculture, healthcare and transport) are strong predictors of the continuation of work after the standard retirement age (65 years old). Originality/value To the best of the authors' knowledge, the paper is the first attempt in Sweden to analyse jointly a large range of factors influencing the decision to remain in the labour force after the standard/normal pension age, including psychosocial working conditions and personality traits.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2019. Vol. 40, no 5, p. 917-938
Keywords [en]
Sweden, Determinants, Retirement, Labour market, Personality traits, Senior workers
National Category
Economics and Business Psychology
Research subject
Economy; Social Sciences, Psychology
Identifiers
URN: urn:nbn:se:lnu:diva-87052DOI: 10.1108/IJM-09-2017-0243ISI: 000475933700006Scopus ID: 2-s2.0-85069042971OAI: oai:DiVA.org:lnu-87052DiVA, id: diva2:1339973
Available from: 2019-08-01 Created: 2019-08-01 Last updated: 2019-08-29Bibliographically approved

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Anxo, DominiqueEricson, ThomasHerbert, Anna

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Output format
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