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Later pensions, lower social capital?

Author

Listed:
  • Alessandro Cusimano

    (Department of Economics, Business and Statistics, University of Palermo)

  • Chiara Paola Donegani

    (Department of Finance, Accounting, and Economics, University of Wolverhampton Business School)

  • Stephen McKay

    (School of Social and Political Sciences, College of Social Science, University of Lincoln)

Abstract

Increases in working at older ages, linked to later ages at which public pensions are paid, have been shown to adversely affect individuals' physical and mental health and to reduce overall wellbeing. This study shows that later retirement also reduces social capital, affecting volunteering and caring activities. More specifically, using high quality micro-level panel data, we analyse the effects of the UK policy reforms that increased women's pension age from 60-66 between 2010-2020 on rates of volunteering, caring and group membership. Our results demonstrate that when public pensions could only be taken later, volunteering and care-giving activities decreased.

Suggested Citation

  • Alessandro Cusimano & Chiara Paola Donegani & Stephen McKay, 2022. "Later pensions, lower social capital?," Economics Bulletin, AccessEcon, vol. 42(4), pages 2150-2160.
    • Handle: RePEc:ebl:ecbull:eb-21-01027
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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I4-P177.pdf
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    More about this item

    Keywords

    UK early retirement age reform; social capital; volunteering activities; informal/unpaid caring; group membership;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

    Statistics

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