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Received: 2022-05-18 | Accepted: 2022-07-14 | Published: 2022-09-30

Title

Factors affecting the working life lenght of older people in the European Union

Abstract

Despite the fact that population ageing in the European Union is in full swing, and policy makers are pushing for exdenting of working lives, there is a group of older people, whose employment potential in labor market ends up dormant. The phenomenon of early retirement is worthy of a deeper research from the point of view of human resources management, as employers facing issues of digital economy often lose a skilled workforce and labor market is depleted of the potential of this group. The article is focused on the research of three factors in relation to the desire to retire early: "job satisfaction", "job physical demands" and "afraid health limits ability to work before regular retirement in job". The influence of selected factors on the desire of workers to retire early is specified through quantitative analysis of data from the SHARE - Survey of Health, Aging and Retirement in Europe. Chi-squared test of independence, Cramér`s V for dependence tightness and standardized (adjusted) Pearson residuals are used for analyzes. Results show the strongest intensity of dependence in relation to the desire to retire early with the job satisfaction factor. There is a weak dependence tightness in factors of the job physical demands and the individuals` health limits within professional performance. The analysis shows that it is very important that employers try to make their employees satisfied with job, because the consequences of such an effort are reflected in the employees` decision making whether to stay in job or to leave labor market through early retirement.

Keywords

early retirement, older people, questionnaires

JEL classifications

J26 , J14

URI

http://jssidoi.org/jesi/article/984

DOI

DOI 10.9770/jesi.2022.10.1(3)

Pages

64-79

Funding

This paper was created within the projects: VEGA 1/0357/21 Multiplier effects of human capital quality on economic performance and competitiveness of the Slovak economy; VEGA 1/0689/20 Digital economy and changes in the education system to reflect labour market demands.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Grmanová, Eva

Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk

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Bartek, Jozef

Alexander Dubček University of Trenčín, Trenčín, Slovakia https://tnuni.sk

Articles by this author in: CrossRef | Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

Number

Issue date

September 2022

Issue DOI

DOI 10.9770/jesi.2022.10.1

ISSN

ISSN 2345-0282 (online)

Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Article views & downloads

HTML views: 1347 | PDF downloads: 606

References

Aidukaite, J., & Blaziene, I. (2021). Longer Working Lives – What Do They Mean in Practice – a Case of the Baltic Countries. International Journal of Sociology and Social Policy. http://doi.org/10.1108/IJSSP-02-2021-0049