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Retirement in the UK

Author

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  • Sarah Smith
  • James Banks

    ()

Abstract

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.

Suggested Citation

  • Sarah Smith & James Banks, 2006. "Retirement in the UK," The Centre for Market and Public Organisation 06/140, Department of Economics, University of Bristol, UK.
  • Handle: RePEc:bri:cmpowp:06/140
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    File URL: http://www.bris.ac.uk/Depts/CMPO/workingpapers/wp140.pdf
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    Keywords

    Retirement; pensions.;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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