Research on working life and its development
The length and timing of working life and the earnings received during that period in life affect the pension accumulation on an individual level. On a system level, working lives affect the financial sustainability of the pension system. The socio-political aims of extending working lives and raising the employment rate increase the need for research data on the subject.
Under the research programme, we will do research on stages of and changes to working life that are significant from the point of view of pensions, and on the length of working life and income and related changes per population groups. A central subarea of our research is the labour market participation of the oldest working-age population. In addition, we focus on the early and mid-stages of working life and changes to and interruptions in working life. An increasing number of persons work in retirement. Under this research programme, we will therefore examine how common it is for people in Finland to work while drawing a pension and the underlying reasons for doing so.
New studies
Years-of-service pension does what it was designed for, but reaches only a limited group
The earnings-related pension introduced as part of the 2017 pension reform seems to work as planned – as a special pension for those who have worked in arduous jobs for a long time. A study by the Finnish Centre for Pensions shows that years-of-service pensioners have an average working life of 44 years at the age of 63 and have been exposed to physical stress during their working life.
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Finnish working careers are slowly getting longer
The overall length of careers is growing rather slowly. A new study by the Finnish Centre for Pensions reveals that, for most Finns, working careers have lengthened, but for some, they have become even shorter than before.
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Social norms influence retirement decisions
In addition to economic factors, social norms play a crucial role in shaping the behaviour of both employees and employers. With the implementation of pension reforms, perceptions regarding the “normal” retirement age have evolved, leading employers to adopt a more favourable attitude towards older workers. Extendind working careers will be even more difficult in the future. The extension of working careers will depend significantly on the development of older workers’ work ability and the opportunities available for those with partial work ability to engage in the workforce.
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