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Retirement intentions and labour force participation by older workers

On 9 December 2013, the Australian Bureau of Statistics (ABS) released the results of its 2012–13 survey on retirement and retirement intentions. The data collected by the survey provides information on retirement trends, the factors which influence decisions to retire, and the income arrangements that retirees and potential retirees have made to provide for their retirement. Another indicator of retirement behaviour is the participation by older workers in the labour force.Labour force participation amongst older workers has increased significantly over the past 15 years, particularly among females (Figure 1). The decision to retire is an important factor in understanding whether such an in... Read more...

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