Factors influencing the decision of whether to retire or extend one's employment

Abstract

This paper aims to establish which factors influence whether people in eastern/central European countries decide to continue in paid work or retire. The situation in Lithuania, Estonia, Poland, Bulgaria, the Czech Republic, Slovenia, and Slovakia in 2010 is analysed. In order to pursue this aim, the following objectives were set: firstly, to analyse previous research on the topic, secondly, to evaluate factors influencing people's decisions on whether to continue in paid work or retire in selected eastern/central European countries, and, finally, to conclude. Secondary analysis was conducted in order to pursue the research aim. Sources of data include European Social Survey Round 5 (2010) data, Eurostat, and MISSOC. Descriptive statistics and binary logistic regression were used to analyse the data. The extent to which a person is willing to engage in work on reaching the legal age of retirement is analysed in relation to economic situation, state of health, and working conditions.