Retirement in the UK
AbstractIn common with other OECD countries, the UK experienced more than two decades of declining labour-market activity among older men from the 1970s to the early 1990s, a trend that has only recently shown signs of being reversed. Retirement decisions are heavily shaped by institutional context and in the UK this has led to there being two distinct groups with very different 'retirement' experiences. At the top of the wealth distribution, early retirement has typically been influenced by private, occupational pensions; at the bottom of the wealth distribution individuals are even more likely to be not working in their 50s, but do not typically define themselves as retired, and draw on income support, or more usually, disability benefits. Policy-makers keen to increase effective retirement ages will need to consider the very different circumstances of these two groups. Copyright 2006, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 22 (2006)
Issue (Month): 1 (Spring)
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Web page: http://oxrep.oupjournals.org/
Other versions of this item:
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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