engleski

The return of the grandparents: determinants of pensioners re- activation on the labour market in Croatia

Although in the long run we are all dead, there is a not negligible trend, both among economists and politicians, to increase the labour market participation as long as possible. Within Croatia’s context of relatively young retired population and the lack of supply on the labour market this seems like a “free lunch” in the short run. However, there are a lot of uncertainties with respect to the profile of these retired people who are willing to re-activate themselves on the labour market as well as with institutional arrangements and legal regulation of their re-activation. Taking into consideration that migration is currently not seriously debated as a short run solution to our labour market problems, this paper addresses the profile of pensioners who can act as a potential solution. The main goal of the paper is to empirically analyse determinants of re-activation on the labour market of currently retired people. Within SENIOR 2030 project a survey was carried out on 701 pensioners. By applying regression modelling, paper reports main characteristics that are behind one’s decision to re- activate themselves if they are not active on the labour market after turning 65 years of age as well as the preferred occupational status for those who are active on the labour market after 65 years of age. Theoretical foundations of the paper are rooted within behavioural economics and economics of the public sector literature.

behavioural economics ; Croatia ; labour market participation ; regression modelling

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