摘要：This paper analyzes the impact of macroeconomic and financial variables on retirement. Special attention is given to
petroleum prices since this variable has not been taken into account in previous studies and is essential for those
countries immersed in the trade of this natural resource. Not only unemployment rate but also stock market and
petroleum prices are considered as explanatory variables in our model. The study considers the reactions of retirement
by gender, age and level of education. We conclude that in the long term, there is an increase in the number of new
pensioners when oil prices decrease.
