Determinants of Post-Retirement Employment in Sri Lanka

Abstract

Sri Lanka has been undergoing the impact of population ageing. Many structural and behavioral changes begin to occur in the population as a result of this demographical shift. Re-employment after the formal retirement of employees increasingly becomes usual routinely marking it as a significant trend it in the economy. Therefore, there should be some significant determinants which determine this behavior of working after retirement in Sri Lanka. A quantitative and exploratory research study was launched as a field study depending on a comprehensive literature review. Six determinants were identified which impact to Post-Retirement Employment in Sri Lanka through the analysis. A new questionnaire was developed and then standardized after furnishing the pilot survey and reviewing by scholars, peers and other related third parties. Primary data was gathered from 97 post-retired employees. Since it was a one-time data collection, the study could be addressed as a cross-sectional study.