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The paper reviews publications on retirement considering socio-economic determinants of retirement age. We explore, describe, compare findings of both theoretical, empirical works to reveal some stylized facts of older persons retirement behavior as well as presented in the publications’ explanations of those facts. We summarize results that concern effects of technical, organizational change, unemployment rate, medical insurance, service sector availability, cultural characteristics on retirement behavior of older workers. Next we try to compare influence of some considered factors on Russian workforce with that influence in the other countries, using obtained information in review as a background.

retirement age determinants, labor force participation of older workers, life expectancy, technical changes, cultural characteristics
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