Reemployment Status and the Influencing Factors for Younger Older Adults Based on the Charls 2020 Data

As China's population ages rapidly, understanding the factors influencing the reemployment status of younger older adults becomes increasingly important. Dataset of CHARLS 2020 was used to explore reemployment status of younger older adults and its antecedent factors among demographic factors (age, gender, residence), physical and cognitive factors (self-report health status, fallen down, trouble with body pain, life expectancy, average hours of actual sleep during last month, time for a nap after lunch during last month, light/moderate/intensive physical activities more than 10 minutes each time, frequency drank alcoholic beverages in the past year, used the internet, self-rated memory), family factors (marital status, total money received from children, total money provided to children), and societal factors (social endowment insurance). Probit model and Average Margin Effect analyses were conducted in R. The findings reveal several key insights. Firstly, increasing age and urban residence are associated with a significant decrease in reemployment likelihood, while being male corresponds with a higher likelihood of reemployment. Secondly, engaging in intensive or moderate physical activities, drinking alcohol more than once a month, and reporting very good, good, or fair health, and very likely life expectancy, significantly increase reemployment chances. In contrast, light physical activity and time for a nap after lunch show a diminishing influence. Finally, societal factors reveal that other forms of social endowment insurance (compared to pension insurance for employees of state organs or public institutions) significantly impact reemployment status, with the degree of influence increasing progressively.