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Working after state pension age: quantitative analysis
 — a report of research carried out by the Policy Studies Institute and the Personal Finance Research Centre on behalf of the Department for Work and Pensions
Author(s)Deborah Smeaton, Stephen McKay
Corporate AuthorPolicy Studies Institute - PSI; Personal Finance Research Centre (PFRC), University of Bristol; Department for Work and Pensions - DWP
PublisherCorporate Document Services, Leeds, 2003
Pages70 pp (Department for Work and Pensions Research report, no 182)
SourceCorporate Document Services, 7 Eastgate, Leeds, LS2 7TY. Orderline tel: 0113 399 4040; e-mail: orderline@cds.co.uk Summary available from website: http://www.dwp.gov.uk/asd/
KeywordsEmployment of older people ; Labour economics ; Retirement age ; Pensions ; Cross sectional surveys ; Quantitative studies.
AnnotationThe numbers of older people in paid work in the UK have generally been declining. Although rates of employment of men older than state pension age (SPA) have fallen significantly since the 1970s, and at best have been static among women, the UK has higher rates of working post 65 (men) and 60 (women) than most of continental Europe. This study aims to further our understanding of the factors affecting the labour market participation of older people at, and particularly after, SPA. The study is based on cross-sectional analyses of the most recent Labour Force Survey (LFS) and Family Resources Survey (FRS), and longitudinal analyses of the British Household Panel Survey (BHPS). The report examines the circumstances under which people work after SPA, the types of job they have, and the impact working post-SPA has on the wealth, health and happiness of the working compared with the non-working retired population. Three different reasons are highlighted for why individuals may be remaining in paid work beyond SPA: joint retirement; work satisfaction; and maintenance of living standards. (RH).
Accession NumberCPA-030219003 B
ClassmarkGC: WH: G5A: JJ: 3KB: 3DQ

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