Abstract: (see Poster Gallery) Expectations of Working Longer: A Longitudinal Study in Chile (Society for Social Work and Research 27th Annual Conference - Social Work Science and Complex Problems: Battling Inequities + Building Solutions)

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SSWR 2023 Poster Gallery: as a registered in-person and virtual attendee, you have access to the virtual Poster Gallery which includes only the posters that elected to present virtually. The rest of the posters are presented in-person in the Poster/Exhibit Hall located in Phoenix A/B, 3rd floor. The access to the Poster Gallery will be available via the virtual conference platform the week of January 9. You will receive an email with instructions how to access the virtual conference platform.

208P (see Poster Gallery) Expectations of Working Longer: A Longitudinal Study in Chile

Friday, January 13, 2023
Phoenix C, 3rd Level (Sheraton Phoenix Downtown)
* noted as presenting author
Antonia Diaz-Valdes Iriarte, PhD, Assistant Professor, Universidad Mayor - Chile, Stgo, Chile
Jose Ruiz-Tagle, Master, Research Assistant, Society and Health Research Center, Santiago, Chile
Julian Ponce, BA, Postgraduate student, Columbia University, NY
Background: The accelerated growth of the aging population has created various challenges to societies around the world, including a strain on social security and pension systems. Chile’s aging index in 2050 will be approximately 177% (INE, 2018). Retirement is one of the most important life events that carries significant changes for the individual’s life. Chile is one of the few countries with a merely private retirement system, which has been widely criticized for increasing social disadvantages and inequalities as older adults are more likely to suffer from health issues, unemployment (if they planned to work), and financial insecurity (Vargas, 2020). Chile is among the 10 Organization for Economic Co-operation and Development (OECD) countries with the highest relative poverty rate among older adults (18%), well above the average of OECD countries (~13). Lastly, Chile has the second highest level of inequality, compared to other OECD countries, with a GINI index of 0.43 which is well above the average OECD index, and is one of the OECD countries with the lowest pension amounts (OECD, 2021). This study seeks to explore the factors associated with the expectations of working past the retirement age among Chilean workers. Methods: A sample of Chileans 50+ years of age who were non-institutionalized and stated having a retirement plan (n=6,541; nt=10,969), was obtained from the Social Protection Survey (EPS), which is the oldest longitudinal survey in Chile. Data from waves 2002, 2004, 2009, 2015. For the analysis, we used mixed-effects logistic regression models, using as the dependent variable whether or not the person expected to work once they reached the retirement age. Results: Health is a strong pushing factor for older Chileans. having poor self-reported health (OR=0.59, p<0.05), being diagnosed with depression by a professional (OR=0.82, p<0.05) and increased daily living limitations (OR=0.86, p<0.05), were associated with decreased odds of expecting to work past the retirement age. Additionally, workers with unstable working histories were more likely to plan to continue to work as they might not be able to afford retirement, and wealthier workers were less likely to plan to postpone retirement. We found that those who own a house (OR=0.88, p<0.05) and have APV (OR=0.79, p<0.05) were less likely to expect to continue to work past the retirement age. Those who were currently working were 111% more likely to expect to continue to work (OR=2.11p<0.05) and those with a signed contract were 47% less likely to continue to work (OR=0.53, p<0.05). Additionally, Independent workers were 48% (OR=1.48, p<0.05) more likely to expect to continue to work, while employees were 34% (OR=0.66, p<0.05) less likely to expect to continue to work, when compared to employers. Conclusion: This study provides one of the first overviews to subsequently identify the factors that influence workforce participation, including a reduction in working hours among retirees in Chile.