Determinants of Post-Retirement Employment in Sri Lanka

Perera, Eranda; Weerakkody, W.A.S.

doi:10.4038/kjm.v7i2.7576

Cited by 4 publications

(8 citation statements)

References 1 publication

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“…1 shows the PRISMA flowchart illustrating the search strategy. Quality assessment for each article is demonstrated in Table I with high-quality in seven studies (4,15,16,17,18,19,20) and acceptable quality in the remaining five (6,20,21,22,23).…”

Section: Resultsmentioning

confidence: 99%

“…The final review involved four cohort (4,16,18,19), six cross-sectional (15,20,21,22,23,24) and one each for mixed methods (6) as well as qualitative (17) studies. Four studies were conducted in the Netherlands (6,15,17,18), two studies in the United Kingdom/ England (19,24), and one study in Canada (20), Finland (16), Poland (21), Sri Lanka (22), United States of America (USA) (4) and Germany (23) respectively, with sample size ranging between 33 and 23777 respondents. Characteristics of reviewed articles are summarized in Table II.…”

Section: Resultsmentioning

confidence: 99%

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Working Beyond Retirement Age: A Systematic Review

Minhat¹,

Suwanmanee²

2023

MJMHS

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Introduction: Population ageing brings along various crucial implications, with working beyond retirement age is one of the economics implications of ageing. Realizing the increasing demand and concern to accommodate older adults into the workforce, this review was conducted to develop better understanding on the factors associated with post-retirement employment among older adults aged 50 years and older. Methods: Using Scopus, ScienceDirect and PubMed databases, related articles between January 2017 and June 2021 were thoroughly searched using combination of keywords and screened according to the predetermined eligibility criteria. Post-retirement employment was defined as employment of older adults aged 50 years old and above beyond retirement age or re-employment of retired older adults, either from compulsory or voluntary retirement. All observational, qualitative, mixed methods and experimental studies were included in the screening process. The Crowe Critical Appraisal Tool (CCAT) was used to assess the quality of included articles. Results: A total of 12 articles included for review, with seven articles rated as high-quality. The review had successfully identified 10 factors associated with working beyond retirement age among older adults. Having good health status and being male gender were the commonest factors influencing the decision to work beyond retirement age, followed by level of education, financial commitment/ reasons, and work characteristics. Conclusion: The findings of this review provide a crucial insight and foundation towards addressing the unique needs of older workers in the employment policy.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Working Beyond Retirement Age: A Systematic Review

Minhat¹,

Suwanmanee²

2023

MJMHS

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“…The Activity Theory explains that elders who are active and healthy will be more content in their later lives. This theory indirectly affects the postretirement work concept (Perera and Weerakkody, 2019). While putting forward a differing view, Zacher and Rudolph (2017) have pointed out that they will be active before as well as after retirement.…”

Section: Literature Reviewmentioning

confidence: 99%

Beyond the Working Age: Labour Supply of Elderly Men and Women in Sri Lanka

Nilmini

Samaraweera

2022

Jnl. Soc. Sci. Hum. Rev

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The aging population, due to the increasing life expectancy and decreasing fertility rates as a result of the demographic transition in Sri Lanka, has created a number of challenges within the labour market. Elders re-entering the labour market is a common phenomenon in countries with rapid population ageing due to the lack of funding for the welfare of the elderly population. The main objective of this research is to compare the genderbased factors affecting Sri Lanka's elderly labour supply. Secondary data of the Sri Lanka Labour Force Survey ( 2018) was used for this study, while three Logit Regression models were used for the analysis on labour supply decision making, using 5,897 males, 7,325 females and 13,222 of total elders above the age of 60 years as samples.According to this research, being in the provinces other than the Western Province and the non-urban sector caused a positive impact on elderly men's employment. Similarly, it also revealed that age, marital status, being uneducated or only possessing primary education caused a positive impact on elderly women's employment. Having children, household size has been non-Sinhala have negative impact on elderly labour supply. Finally, policy recommendations have been made to address the issues of the elderly labour supply in the two aspects of social welfare and institutional reforms of the labour market.

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“…Some scholars found that FSA was the main determinant and it was highly impacted the social security of elders. As a result that Sri Lankan scholars identify EPF, ETF, Government pension have a positive impact on the social security of elders in Sri Lanka (Jayawardena & Arunathlake 2010;Perera 2011;Menike 2015;Perera & Weerakkody, 2019) Pension scheme for farmers established under Act, No 12 of 1987 was mainly targeted by the 2 million persons directly or indirectly engaged in the agriculture sector. Most farmers were working harder in youth through too late in life.…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

The Impact of Social Assistance on Social Security of Elders: An Empirical Study of Elders in Matara District in Sri Lanka

Jayathma

Priyanath

2021

SL J. Soc. Sci. Hum.

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This study investigates the impact of social assistance on the social security of elders in Sri Lanka applying the convergent parallel mixed method. The quantitative data collected from 149 elders in both formal and informal sectors in the Matara District. A structured questionnaire was used to gather data and the Partial Least Square Structural Equation (PLS-SEM) model was employed to analyze data. Qualitative data were gathered having the face-to-face interviews with six elders and analyzed employing qualitative content analysis. The study revealed that formal social assistance had the highest positive impact on the social security of elders in the formal sector while it was not significant with the informal sector elders. However, formal social assistance was significant in both sectors under qualitative content analysis. Informal social assistance was evaluated using four major dimensions; social network, social connectedness, economic support during the emergency condition, health care support. Among these dimensions, social security during emergency conditions had significance in both sectors, and health care support positively significant in the formal sector. However, qualitative results confirmed that all these dimensions directly affect the increase of the social security of elders. Thus, it can be concluded that both formal and informal social assistance has an impact on the enhancement of the social security of elders in the formal sector while formal social assistance has not impacted the increase of social security of elders in the informal sector.

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Determinants of Post-Retirement Employment in Sri Lanka

Cited by 4 publications

References 1 publication

Working Beyond Retirement Age: A Systematic Review

Working Beyond Retirement Age: A Systematic Review

Beyond the Working Age: Labour Supply of Elderly Men and Women in Sri Lanka

The Impact of Social Assistance on Social Security of Elders: An Empirical Study of Elders in Matara District in Sri Lanka

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