Retirement attitudes in Poland and Southeast Europe

The paper aims to present the retirement attitudes of individuals in Poland and Southeastern European countries. In our study, we have shown that many factors influence retirement decisions. These decisions are influenced by the state-guaranteed pension level and the individual's perception of this security, and individual retirement savings. Socio-demographic characteristics such as age and gender also play a crucial role in shaping these decisions. Firstly, our study shows that age has a statistically significant effect on stated attitudes towards the state pension. For each additional year of life, the odds of respondents stating that they will cover their expenses in old age by drawing a state pension increase by 4,4% (Poland) and 1% (Southeastern Europe). Secondly, respondents identified the state as the primary source of retirement security. This trend is observed in both Poland and other European countries. The data used in the article comes from national surveys conducted using the updated 2018 OECD/INFE Toolkit for measuring financial literacy and financial inclusion. The analyses in this article cover Poland and seven Southeastern European countries that participated in the OECD/INFE survey (Bulgaria, Croatia, Georgia, North Macedonia, Moldova, Montenegro, and Romania).

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Publication Details

Journal
Financial Internet Quarterly
Published
2025-12-17
DOI
https://doi.org/10.2478/fiqf-2025-0030
Primary Topic
Financial Literacy, Pension, Retirement Analysis
Type
article
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article

Retirement attitudes in Poland and Southeast Europe

Damian Walczak, Sylwia Pieńkowska-Kamieniecka, Joanna Rutecka-Góra
Financial Internet Quarterly
Financial Literacy, Pension, Retirement Analysis
article

Retirement attitudes in Poland and Southeast Europe

Damian Walczak, Sylwia Pieńkowska-Kamieniecka, Joanna Rutecka-Góra
article en

Abstract

The paper aims to present the retirement attitudes of individuals in Poland and Southeastern European countries. In our study, we have shown that many factors influence retirement decisions. These decisions are influenced by the state-guaranteed pension level and the individual's perception of this security, and individual retirement savings. Socio-demographic characteristics such as age and gender also play a crucial role in shaping these decisions. Firstly, our study shows that age has a statistically significant effect on stated attitudes towards the state pension. For each additional year of life, the odds of respondents stating that they will cover their expenses in old age by drawing a state pension increase by 4,4% (Poland) and 1% (Southeastern Europe). Secondly, respondents identified the state as the primary source of retirement security. This trend is observed in both Poland and other European countries. The data used in the article comes from national surveys conducted using the updated 2018 OECD/INFE Toolkit for measuring financial literacy and financial inclusion. The analyses in this article cover Poland and seven Southeastern European countries that participated in the OECD/INFE survey (Bulgaria, Croatia, Georgia, North Macedonia, Moldova, Montenegro, and Romania).

Financial Internet QuarterlyVol. 21(4)
Reduced inequalities
Openalex Percentile: Top 23%
Financial Literacy, Pension, Retirement Analysis
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