Retired, but on the move/ Working after retirement is more common among the self-employed
According to Eurostat data, in the European Union, around 56.4% of self-employed pensioners continued to work after receiving their old-age pension. This phenomenon is particularly pronounced in countries such as Sweden, where 98.4% of self-employed pensioners remain active in the labour market, followed by Finland with 88.0% and Ireland with 87.7%. On the other hand, countries such as Spain with 18.2%, Greece with 20.3% and Slovenia with 40.4% have much lower levels of this phenomenon. This shows a great diversity in the practices and opportunities that pensioners have to maintain an economic activity after retirement.
In the Albanian context, the trend is also evident. According to national statistics for 2023, a significant share of the self-employed are of retirement age. Specifically, about 44.1% of the total self-employed in the 65+ age group continue to work. Furthermore, 39.3% of the total employed in the 55-64 age group are also engaged in self-employment. This shows that the elderly in Albania continue to be economically active, often due to a lack of social support or financial needs. From INSTAT data it is clear that of the total self-employed, those over 55 years old have the highest percentage.
This phenomenon of continuing to work after retirement age is linked to various social and economic challenges. In Albania, the lack of sufficient coverage in social security and pension schemes encourages many individuals to continue economic activity, especially in the informal sector or self-employment. This is a factor that also influences the high employment rate among the elderly.
Data shows that across Europe, and especially in Albania, a large proportion of self-employed retirees choose to remain active in the labor market, reflecting the demographic, economic and social changes of our times.
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