Identification of interconnection between health and employment of retirement age women

Recently, Russia has been actively developing and implementing the state policy of encouraging theemploymentofpeopleoftheoldergeneration. Thepurposeofthepaperistoidentifytheinterconnection between the employment of pensioners and their health (on the example of pension age women in the most active age group), which will allow justifying the more efficient policy in this area. The study is aimed at the test of two hypotheses, put forward due to the analysis of theoretical models and sociological surveys of the population. The first one suggests that retirees’ labor activity contributes to the preservation of their health; the second one states that only retirees, whose health allows doing it, continue to work. A diagram of the dependencies between the retirees’ employment, their health, and other factors, which formed the basis of the regression models, is generated. As a criterion of testing the hypotheses set in the research, two multivariate linear regression models, which evaluate the statistical dependence betweenemployment, health status of pensioners, and other variables, were constructed. Based on the calculation of the determinant of the correlation matrix, the existence of linear dependence between explanatory variables in regression models was excluded. The study was conducted on the example of women at the age of 55-59 according to statistical data of Federal State Statistics Service, Federal Service for Supervision in the Sphere of Nature and of the Federal Treasury. The results of the regression analysis confirmed only the first hypothesis, the second one was rejected. The proportion of working women at the age of 55-59 is largely statistically associated with the mortality rate of women of the same age. In turn, economic growth, tensions on the labor market, and the level of pension provision appeared to be statistically significant factors influencing the employment of women at the age of 55-59.