Retirement and Unemployment in Canada – Workers in regions with higher unemployment rate retire two years earlier

Workers in economic regions that had a higher unemployment rate were expected to retire two years earlier, on average, than workers in economic regions with a lower unemployment rate.

In 2007, for example, workers in the economic regions with higher unemployment rates, 9.7% on average, were expected to retire at 62.7 years of age.

Conversely, workers in economic regions with lower unemployment rates, 3.9% on average, were expected to retire at 64.2 years of age.

Workers in regions with higher rates of unemployment had a lower expected age of retirement in every year between 1991 and 2007.

Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Study: The local unemployment rate and retirement, 1991 to 2007.