Title page
Contents
Abstract 3
1. Introduction 4
2. Data 5
3/2. Transition from work to retirement 6
4. Retirement and the likelihood of falling into poverty 10
4.1. Robustness checks 14
5. Conclusion 15
References 17
Annex 1: Figures 19
Annex 2: Statutory retirement age 20
Annex 3: Regression tables 22
Table 1. Work status at time t of those who were working at time t-1 7
Table 2. Summary statistics of covariates - individuals who kept working or retired 7
Table 3. Logit marginal effects for the correlates of transition into retirement 9
Table 4. Descriptive results of poverty status at time t for old-age workers at time t-1, by transition status 10
Table 5. Summary statistics of covariates 12
Table 6. Estimation results for risk of poverty on transition status 13
Table 7. Summary statistics of self-reported responses on ease of meeting ends at time t of those who are working at time t-1 14
Figure 1. Distribution of equivalised household income deciles in EU25 by transition status 12
Annex Tables
Table A1. Mean self-reported retirement age and statutory retirement age, by country and wave 21
Table A2. Share of individuals by work status after reaching the statutory retirement age 21
Table A3. First-stage regression of transition status on statutory retirement age, model (III) Pooled OLS with IV 22
Table A4. Heterogeneity analysis, males 23
Table A5. Heterogeneity analysis, females 24
Table A6. Estimation results for the difficulty of meeting ends on transition status 25
Table A7. Estimation results for quality-of-life index on transition status 26
Annex Figures
Figure A1. At-risk-of-poverty rate (AROP) by age groups and Member States, 2022 19
Figure A2. At-risk-of-poverty rate (AROP) for old-age workers (50+) who transitioned into retirement in EU27, 2019/20 (wave 8) 19