Effective Age of Retirement: Innovative Methodology and Recent Experience
Methodology to estimate effective
retirement age from the labor market has been developed over the last 15 years
and is now commonly used for experience review and policy development. However,
both transition from work to retirement (including gradual retirement) and the
socio-economic environment have evolved over this period which includes the
2008 economic crisis. This paper presents innovative ways to estimate retirement
age, in order to better assess effective retirement from employment and not
only focus on labor force participation rates. It also makes possible the
distinction between retirement from full-time employment vs part-time
employment. Results are presented for four countries (Austria and Germany,
Ireland and the United Kingdom) with rather diverging experience
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