A Fedea study concludes that delaying the labor market for a year significantly increases the risk of death between the ages of 60 and 69
Delaying the statutory retirement age, a measure implemented by most countries and still debated today, has adverse health implications for workers. In addition, delaying leaving the labor market for a year significantly increases the risk of dying between the ages of 60 and 69. This is warned by a study published this Monday by Fedea, in which it examines the effects of the 1967 pension reform that changed the early retirement age in Spain and worsened access to pensions.
In particular, the study evaluates the impact of age at last job on the risk of death in different age groups and concludes that delaying the labor market for a year increases the risk of death between the ages of 60 and 69 by 5 percentage points, which is equivalent with a relative increase of 50%.
The risk is mainly concentrated in the most physically demanding occupations and occupations subject to higher levels of emotional and mental stress, and is much lower for individuals who have access to partial pension mechanisms that allow them to reduce their working hours from a certain age. to decrease.
More specifically, the increase in mortality is greater for those who have worked in sectors with a high-intensity accident at work. Likewise, Fedea emphasizes that the mental and social stress individuals experience before retirement is also influential. For example, delaying leaving the labor market by one year increases the risk of death between the ages of 60 and 69 by 5.3 percentage points for people with a job with a high psychosocial burden, while this figure is 3.6 percentage points for people with a job with a high psychosocial burden. a low psychosocial burden. load.
The authors further show that only people who work in sectors with low self-esteem are more likely to die if they are delayed by a year in leaving work. Finally, they point out that delaying leaving the labor market for a year increases the risk of death for workers by 6.6 percentage points and the rest by only 3.2 percentage points.
That is why, at a time when extending working life can be an essential tool to ensure the sustainability of pension systems, they ask Fedea to consider the need to carefully design the details of pension policies, taking into account with its possible effects on workers’ health. Therefore, this organization undertakes to take into account the physical, emotional and mental demand of the different professions when setting the minimum and statutory retirement age, which may not be the same for everyone, and to put in place mechanisms in general flexible partial pension schemes that allow employees to modulate their working hours in the latter part of their working career.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
