Transition from work to retirement in the light of changes of retirement age in Poland

Kamila Bielawska

Abstract

On the break of 20th and 21st centuries many countries decided to increase the statutory retirement age to boost the working lives of current and future generations. Some also limited or abolished the early retirement or introduced flexible forms of retirement. Poland is an example of the country characterized by low activity and employment rates, especially among older workers. The purpose of the paper is to evaluate if the gradual increase in retirement age (since 2013) and phasing-out of early retirement had contributed to the increase in effective retirement age and what were the drivers of retirement decisions prior the statutory retirement age. As the analysis shows, the observed increase in effective retirement age was a consequence of rising the statutory retirement age for men and women and phasing-out the early retirement for women born after 1953 and men born after 1948. The drivers of transition from work to retirement have not changed in recent years. The very first outcomes of the reversal from the increase in retirement age (since October 2017) also suggest that workers in Poland are interested in receiving the old-age pension as soon as possible despite its amount or its progressive increase in case of the postponing of the retirement. Keywords: effective retirement age, transition, work.
Author Kamila Bielawska (FM / KBiF)
Kamila Bielawska,,
- Katedra Bankowości i Finansów
Pages195-204
Publication size in sheets0.53
Book Chybalski Filip, Marcinkiewicz Edyta (eds.): Contemporary problems of intergenerational relations and pension systems: a theoretical and empirical perspective : proceedings of PenCon 2018 Pensions Conference 19-20 April 2018 Lodz, Poland, 2018, Lodz University of Technology Press, ISBN 978-83-7283-900-8, 282 p.
Keywords in Englisheffective retirement age, transition, work
URL http://konferencja-emerytalna.pl/files/xmarticles/items/0/PenCon%20Proceedings_2018.pdf
Languageen angielski
LicensePublisher website (books and chapters only); published final; Other open licence; with publication
Score (nominal)5
ScoreMinisterial score = 5.0, 30-05-2018, BookChapterNotSeriesMainLanguages
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