Post-Retirement Work Becomes More Common Among Self-Employed Individuals

Here’s the translation into American English:

Recent data from a labor force survey in the European Union has shown that 56.4% of retirees choose to continue working after receiving their first pension. This phenomenon of self-employment in retirement takes on particular significance in the European context, revealing marked differences in labor participation among the various countries in the region.

Sweden stands out as a leader in this area, with an impressive 98.4% of its self-employed retirees deciding to stay active in the workforce. Finland (88.0%) and Ireland (87.7%) also present notable figures, significantly contrasting with Spain, where only 18.2% of retirees remain in the labor market. Greece, though slightly higher, trails behind with 20.3%, while Slovenia, despite having a higher percentage, is at the lower end of the list with 40.4%.

The report also indicates that 10.2% of retirees aged 50 to 74 were employed in 2023, with a strong inclination toward part-time work. This group represents over half (57.0%) of the active retirees, which contrasts with 16.2% of non-retirees who also choose part-time jobs.

Croatia ranks as the country with the highest proportion of retirees working part-time, reaching 89.4%, highlighting a remarkable disparity of 86.0 percentage points compared to non-retirees. Sweden (79.2%) and Belgium (78.0%) also exhibit high figures in this regard. At the opposite end, Bulgaria shows only 9.2% of retirees in part-time jobs, followed by Lithuania (19.0%) and Latvia (23.2%).

On the other hand, the Netherlands, which often has the highest part-time employment rate in the EU, presents the smallest relative difference between retirees (57.8%) and non-retirees (39.4%), suggesting a more balanced approach to how the active population engages in employment.

These results not only reflect the diverse attitudes toward retirement and work in the EU, but they also raise questions about labor and pension policies that could influence retirees’ decisions in the future.

Referrer: MiMub in Spanish

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