Inclusion of Retirees in Self‐Employment: A Human Capital Approach

ABSTRACT Engaging in self‐employment after retiring is rising. Many governments perceive this as a strategy for extending working lives. Based on the employability perspective, this study examines human capital over an individual's lifespan associated with engagement in self‐employment after retiring. Specific human capital factors were examined using a time‐discrete event history analysis based on panel data with seven waves ( N = 4.538 retirees). The results show that education and work experience are relatively effective for predicting self‐employment after retiring. Most demographic factors of human capital were not significant in predicting postretirement engagement. Thus, a broader perspective is suggested for future research.