Working paper 06/140 - Abstract

Retirement in the UK (PDF, file 208 KB) (PDF, 747kB)

James Banks and Sarah Smith

Like other OECD countries, the UK experienced more than two decades of declining labour market activity among older men in the 1970s, 1980s and early 1990s. A number of measures to reverse this trend that are currently under discussion, or have already been introduced, include, an increase in the state pension age, abolition of mandatory early retirement ages, tighter eligibility for disability benefits, and in-work benefits and training incentives for those aged 50+. This paper considers the nature and timing of retirement in the UK today and makes an assessment of the likely effect of these measures and likely future trends in retirement.

Oxford Review of Economic Policy, Spring 2006, 22(1)

Note: some of the documents on this page are in PDF format. In order to view a PDF you will need Adobe Acrobat Reader