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Journal of Aging Science | ISSN: 2329-8847 | Volume 5
July 18-19, 2018 | Atlanta, USA
Aging & Gerontology
3
rd
International Conference on
Factors explaining the process of early and late retirement: Awelfare regime analysis
Aviad Tur-Sinai
1
, Ariela Lowenstein
2
, Ruth Katz
3
, Shosh Shahrabani
and
Dafna Halperin
1
The Hebrew University of Jerusalem, Isreal
2
University of Haifa, Haifa, Israel
3
The Max Stern Yezreel Valley College, Israel
T
he study attempts to determine whether the variance exists an array of factors that explain processes of early and late retirement
among seniors in various welfare regimes in Europe. The study is using the SHARE database over sixteen European countries,
where we categorized the countries into five welfare regimes: Continental, Social Democratic, Mediterranean, East European, and
mixed (Israel) (Esping-Andersen’s, 1990). Early retirement: in Continental and Social Democratic countries, the probability of early
retirement depends positively on the employed senior's wish to spend more time with his/her family or to synchronize retirement
with that of their spouse. In Continental countries, the probability of early retirement rises if the individual is a civil servant, and
is negative if he/she are self-employed. Among employed elders in East European and Mediterranean countries, the probability is
positively dependent on individual’s poor health but is negatively influenced by the extent of a wish to enjoy life. Self-employment
before the senior’s retirement in Mediterranean countries has a negative effect. In Israel, it is positively influenced by elders' poor
health and their wish to enjoy life. Late retirement: in East European countries and in Israel, poor health and wish to spend time with
family, have a positive effect on individuals’ wish to retire on time (not late); In addition, wish to enjoy life has the same effect in East
European countries. In all other welfare regimes, however, no relation was found between these factors and individuals’ decision to
retire at the official age or retire late. In Continental and Middle East Mediterranean countries, self-employment has a positive effect
on the decision to retire on the formal governmental retirement age; in East European countries, being a civil servant has a positive
effect on this decision whereas self-employment has the opposite effect. In Israel being a civil servant prior to retirement negatively
affect the decision to retire on time.
avts2309@netvision.net.ilJ Aging Sci 2018, Volume 5
DOI: 10.4172/2329-8847-C1-006