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Posted By: LongGone
Date: Tuesday - October 10,2017 15:04
(Yahoo Finance) One-third of those who retire actually come back to the labor market and take another full-time job, according to Deutsche Bank’s Torsten Sløk.
This “reverse retirement” rate is higher for workers in the highest and lowest income quintiles, as shown in the chart below.
"Retirees either come back because they need more income (lowest income quintile) or they come back because the opportunity costs of staying at home are too high (highest income quintile)," Sløk explained.
In addition, half of all retirees are working part-time, according to the economic data from the Federal Reserve.
“We suspect they either do not think of retirement as the state of no longer working or they find that, unexpectedly, they do not like not working and would rather return to work,” according to the study.
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