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Centre for Policy on Ageing | |
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Aspects of the economics of an ageing population
— 4th report, House of Lords Select Committee on Economic Affairs, session 2002-03. Vol 1: Report | | Corporate Author | Select Committee on Economic Affairs, House of Lords |
| Publisher | TSO, London, 5 November 2003 |
| Pages | 62 pp (HL 2002/03 179-I) |
| Source | TSO, PO Box 29, Norwich, NR3 1GN. Website: www.tso.co.uk/bookshop |
| Keywords | Ageing process ; Economics ; Employment of older people ; Ageism ; Retirement ; Government publications. |
| Annotation | The Committee sets out the demographic and macroeconomic contexts, identifying the causes of population ageing. The importance of increasing the labour force participation of older workers is emphasised, noting supply-side and demand-side factors in relation to productivity and skills. The elimination of age discrimination in both public and private sectors is advocated. Consumption issues such as the market failure in the design, provision and marketing of goods and services are considered. The report also deals with retirement income, drawing attention to the particular problems of women and ethnic minorities in making adequate pension provision, and to the excessive complexity of the public pension system. The Committee concludes that the contributory system should be replaced by a pension paid on the basis of citizenship entitlement. The opportunities for making private provision for retirement are also considered. The Committee assesses whether and in what respects the UK faces a pensions crisis, and recommends establishment of an independent authority to design and implement appropriate pensions policies. Appendices note Committee Members' age range (50 to 95) and their relevant interests. (RH). |
| Accession Number | CPA-040204002 B |
| Classmark | BG: W: GC: B:TOB: G3: 6OA |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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