Page 17 - IDEA Study 3 2015 Duchodova studie

Labour Market Participation by Age Cohort The working population in the SHARE sample consists of all respondents who stated that they had performed any paid work during the last 12 months (even if this was for only a few hours a week). These may be retirees who work in addition to collecting their old-age pension. The proportion of working individuals decreases rapidly in all countries after the population reaches the statutory retirement age, and can be seen to steadily decrease with increasing age. Nordic countries have a high proportion of working persons, even at a higher age; this is primarily due to a combination of partial pensions and reduced workloads. The time shift in the Czech data provides an illustration of the effects of the increased statutory retirement age for women in the 55-59 age category. For many retired individuals, however, reaching the statutory retirement age does not mean leaving the labour force. Around 20% of Czech men and women work at least several hours a week during the initial years of their retirement, and this is the largest proportion of working pensioners after the Northern European countries. Among those aged over 70, the percentage of working retirees declines to around 10%. Compared to the situation in 2007, there is now (in 2013) higher labour market participation in the Czech Republic; this difference is once again more pronounced for women, where the differential is around 10% even for the cohorts aged 65-74. GRAPH 1.4 Reasons for Retirement Finally, we present the age distribution of actual retirement decisions and the reasons for retirement among Czech men and women in the SHARE sample. These data are taken from all Czech respondents in the SHARE sample who entered retirement between 2000 and 2011. The left panel in graph 1.5 below shows that the largest proportion of men (38%) had retired at around the age of 60-61 years. For women, the decision about when to retire was most commonly related to the number of children they had: the largest share of women retired at ages 54-55 (32%) and 56-57 100% 80% 60% 40% 20% 0% Percentage of Working Men N W S N 100% 80% 60% 40% 20% 0% S W age, gender ___________________________________ P age, gender Percentage of Working Women N W S N W N W NN W S S W S N S W S N W S W S N W S N W S N W Source: Data SHARE Age group - men (years) W age, gender __________________________________ P age, gender Source: Data SHARE Age group - women (years) 15