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CHAPTER 4: RETIREMENT AND SOCIO-ECONOMIC STATUS An important co-determinant of retirement decisions and quality of life is the individual's family situation and the composition of their household. A household is defined as an economic unit of persons living and jointly managing the home. We distinguish three household categories: respondents living in a couple, single women and single men. Other persons living in the household (children, grandchildren, other relatives) were not considered in the categorization. The analysis focused on households in which the oldest member was between 50 and 74 years old. Around two thirds of Czech individuals aged 50-74 live in a couple; around 20% are single women and around 12% of households consist of single men. Around a third of older Czech couples live together with another person, usually their children. In Nordic countries and in the West this proportion is lower (22% and 31% respectively), while in Eastern and Southern countries the number of households with three or more members is significantly higher (50% and 59%, respectively). Detailed tables describing these figures can be found in the Appendix. GRAPH 4.1 Graphs 4.1 and 4.2 show the presence of a working household member aged over 50 in households composed of couples, single women, and single men. The trend seen on these graphs depicts gradual departure from the labour market with increasing age. In Nordic countries, this happens later due to the higher statutory retirement age. The mirror image of these graphs would depict the proportion of households that have at least one retired member. We see that the Czech Republic is very similar to Western Europe across all household categories. Percentage of Households with a Working Member - Couple 100% 80% 60% 40% 20% 0% N W S E N W ES N W S E N W S E N W ES Source: Data SHARE Age group (years) - oldest member HH HH age, HH cat.,working m. ___________________________________________________________ HH age, HH cat. 31 % of households with working member
