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How to prolong labour market participation in the Republic of Croatia?
Ana Ostrovidov Jakšić* 
Ivan Jakšić*
Ivan Jakšić
Affiliation: Clinical Hospital Centre „Sestre milosrdnice“, Zagreb, Croatia
 0000-0001-8776-0560
Review article | Year: 2019 | Pages: 79 - 108 | Volume: 43 | Issue: 1
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FULL ARTICLE
FIGURES & DATA
REFERENCES
CROSSMARK POLICY
METRICS
LICENCING
PDF
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Age
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Labour force participation rate 2015
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Mortality rate
2015
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Difference in labour force participation
rates
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Cumulative calculation of extra work
capacity
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55
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0.677
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0.009
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0.145
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0.145
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56
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0.623
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0.010
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0.196
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0.342
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57
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0.569
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0.011
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0.228
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0.570
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58
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0.514
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0.012
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0.268
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0.838
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59
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0.460
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0.015
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0.262
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1.099
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60
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0.406
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0.014
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0.335
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1.434
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61
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0.342
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0.017
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0.333
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1.767
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62
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0.278
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0.020
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0.368
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2.136
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63
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0.215
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0.020
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0.417
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2.553
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64
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0.151
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0.021
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0.477
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3.029
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65
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0.087
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0.025
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0.502
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3.531
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66
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0.081
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0.025
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0.504
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4.035
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67
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0.074
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0.026
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0.500
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4.535
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68
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0.068
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0.030
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0.485
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5.020
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69
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0.061
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0.028
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0.497
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5.517
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70
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0.055
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0.033
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0.491
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6.009
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Source: as in Graph 3, authors’ calculation
Note: because of the difference of conditions in retirement, it is hard to draw an exact parallel between the regulations in different periods. The graph approximately shows the years of qualifying periods needed for retirement, but they differ. For example, in the 1947 to 1950 period, for a retirement age of 65 for men and 60 for women, the requirement was 25 years of qualifying periods, and the retirement age of 55 related to qualifying period for full pension, while there were different requirements for hard and very hard jobs. Another example is the 1965 to 1998 period, when with 20 years of qualifying period it was possible to retire at 60 (men) and 55 (women) and so on. Source: HZMO, 2002; Statistics of HZMO.
 Note: in 2016 the retirement age in Croatia, for an old age pension was 65 for men and 61.5 for women, and for early retirement 60 (35 years of qualifying periods) for men and 56.6 (31.5 years of qualifying periods) for women. For a comparison, the retirement age in 2016 was in some countries the same as in the Republic of Croatia (65), more specifically, in Austria (60 for women), Denmark and Slovenia; in Estonia, somewhat lower (63) and in others higher: Germany (65, 42), Italy (66, 58 and 65, 58 for women), Portugal (66, 17), Greece (67 and 62 for women), Israel (70 and 68 for women). The age of early retirement was in most countries higher than in the Republic of Croatia: Austria (64 and 59 for women), Germany (63), Italy (63), in Estonia (60) and in Slovenia 59, 33 and 59 for women. Other countries have no early retirement age, or only for specific groups, information is not available, or the pension is awarded at any age if certain qualifying conditions are met; in Sweden, retirement age is flexible (ISSA, 2017a, 2017b). Source: SHARE research.
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Age group
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50-60
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61+
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N=882
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N=1560
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%
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Employed
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Yes
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43,8
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5,3
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No
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56,2
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94,7
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Gender
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Male
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41,3
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46,5
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Female
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58,7
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53,5
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Educational level ISCED2011
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0 - 2
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49,4
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64,2
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3 - 4
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35,6
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19,4
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5 - 8
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15,0
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16,4
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Self - assessed health
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Worse than very good
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64,0
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81,5
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Very good or excellent
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36,1
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18,5
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Self – assessed household financial
situation
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With financial difficulties
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75,5
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72,1
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Without financial difficulties
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24,5
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27,9
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Source: SHARE data base, 6.0.0 version, authors’ calculation
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50-60
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61+
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N=559
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N=1007
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Odds ratio
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Standard error
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Odds ratio
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Standard error
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Gender
(Men)
Women
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0.61**
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0.12
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0.41**
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0,14
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Self-assessed health
(Worse than very
good)
Very good,
excellent
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2.28***
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0.46
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2.42**
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0,81
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Education
(ISCED 0-2)
ISCED 3-4
ISCED 5-8
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2.58***
4.26***
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0.53
1.26
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(2,2)
5.21***
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0,93
2,07
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Self-assessed
household financial situation
(With financial
difficulties)
Without financial
difficulties
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1.87**
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0.42
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1.92*
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0,63
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R2
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0.13
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0.16
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Notes: 95% confidence intervals (CI); ***p<0.001; **p<0.01; *p<0.05 Source: SHARE data, version 6.0.0, authors’ calculation in Stata 14.2
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March, 2019
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