Page 14 - IDEA Study 7 2015 Working Beyond Pensionable Age

Graph 4: Reasons for retirement conditional on retirement year Source: SHARE 2012 for the Czech Republic Graphs 5 and 6 focus on the main reasons for involuntary retirement: health problems and difficulties finding a job. Graph 5 illustrates that health reasons alone probably cannot explain the timing of exit from the labour market to inactivity. It shows that there is a sharp increase in economic inactivity around the statutory retirement age, but there is no sudden increase in the share of individuals who report health-related limitations at this point. Based on this, we can conclude that retirement decisions are not primarily driven by worsening health. 12