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Returns to work after retirement: a prospective study of unretirement in the United Kingdom

Published online by Cambridge University Press:  31 October 2017

LORETTA G. PLATTS Open the ORCID record for LORETTA G. PLATTS [Opens in a new window] ,
LAURIE M. CORNA ,
DIANA WORTS ,
PEGGY MCDONOUGH ,
DEBORA PRICE Open the ORCID record for DEBORA PRICE [Opens in a new window]  and
KAREN GLASER
LORETTA G. PLATTS*
Affiliation:
Stress Research Institute, Stockholm University, Sweden. Institute of Gerontology, Department of Social Science, Health and Medicine, King's College London, UK.
LAURIE M. CORNA
Affiliation:
Institute of Gerontology, Department of Social Science, Health and Medicine, King's College London, UK.
DIANA WORTS
Affiliation:
Dalla Lana School of Public Health, University of Toronto, Canada.
PEGGY MCDONOUGH
Affiliation:
Dalla Lana School of Public Health, University of Toronto, Canada.
DEBORA PRICE
Affiliation:
Institute of Gerontology, Department of Social Science, Health and Medicine, King's College London, UK. Manchester Institute for Collaborative Research on Ageing, University of Manchester, UK.
KAREN GLASER
Affiliation:
Institute of Gerontology, Department of Social Science, Health and Medicine, King's College London, UK.
*
Address for correspondence: Loretta Platts, Stress Research Institute, Stockholm University, SE-106 91 Stockholm, Sweden E-mail: loretta.platts@su.se
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Abstract

Despite the complexity of the retirement process, most research treats it as an abrupt and one-way transition. Our study takes a different approach by examining retirement reversals (unretirement) and their predictors. Using the British Household Panel Survey (1991–2008), and following participants into Understanding Society (2010–2015), we undertake a survival analysis to investigate retirement reversals among Britons aged 50–69 years who were born in 1920–1959 (N = 2,046). Unretirement was defined as: (a) reporting being retired and subsequently recommencing paid employment, or (b) beginning full-time work following partial retirement (the latter defined here as reporting being retired and working fewer than 30 hours per week). A cumulative proportion of around 25 per cent of participants experienced a retirement reversal after reporting being retired; about half of these reversals occurred within the first five years of retirement. Unretirement was more common for participants who were male, more educated, in better health, owned a house with a mortgage (compared to owning it outright) and whose partner was in paid work. However, unretirement rates were not higher for participants in greater financial need, whether measured as subjective assessment of finances or household income quintiles. These results suggest that unretirement is a strategy more often used by those who are already advantaged and that it has the potential to exacerbate income inequalities in later life.

Keywords

unretirementpost-retirement employmentBritish Household Panel Survey (BHPS)Understanding Society

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Type
Article
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Ageing & Society , Volume 39 , Issue 3 , March 2019 , pp. 439 - 464
Copyright
Copyright © Cambridge University Press 2017 

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