Retire – why yes, why not? Results of a study on the Czech seniors

Abstract

Currently, one of the most discussed topics in Europe is population aging and its consequences. Most countries have already introduced many measures to support older people and have changed their retirement age. The number of people older than 50 is increasing, and it is of great importance that this group be approached on different levels. Retirement is considered as a crucial stage of life. Therefore, the need for examination of factors influencing retirement decisions is vital. In general, there are similar factors in every country, but there are also country-specific factors, which are unique. This article focuses on the factors which are significant in the Czech Republic. The present study aims to determine the factors of retirement in the Czech 50+ population. The analysis is based on data from the SHARE database, and the factors are investigated using the logit model. The research results show that there are factors as health issues detected in other countries but also factors that are unique in the Czech Republic.