PREFERENCE THEORY IN ADVANCED AGE AND THE OLDER CZECH WORKFORCE

Lucie Vidovićová

Abstract


In this article we make use of preference theory developed by Hakim (2000) in the context of reconciling work and family to cover and explain different patterns of retirement exit paths and retirement satisfaction levels in the Czech Republic. We propose that lifestyle preferences and values may help to explain why some older workers continue to work while others are determined to retire as early as possible. Three types are identified among the 55–65 age group: work oriented, retirement oriented, and adaptive. The data shows that self-perception of the respondent as being active or more rest-oriented is associated with actual labour market activity of the respondent. Different types also perceive and evaluate labour market exit differently, and most importantly they differ in their reaction to various labour market and pension policies and family/partnership conditions. In the discussion we challenge the notion of active ageing as a general “one-size-fits-all” policy and urge that more attention be paid to the role of individual values and preferences when looking at the organisation of latter life roles.


Keywords


preferences; older workers; retirement; active ageing; labour market activity

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DOI: https://doi.org/10.7494/human.2014.13.4.49-75

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