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Centre for Policy on Ageing | |
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The macroeconomic impact from extending working lives
— a report of research carried out by the National Institute of Economic and Social Research on behalf of the Department for Work and Pensions | | Author(s) | Ray Barrell, Simon Kirby, Ali Orazgani |
| Corporate Author | Department for Work and Pensions - DWP; National Institute of Economic and Social Research - NIESR |
| Publisher | Department for Work and Pensions - DWP, January 2011 |
| Pages | 52 pp (DWP Working paper no 95) |
| Source | Download report: http://research.dwp.gov.uk/asd/asd5/WP95.pdf |
| Keywords | Employment of older people ; Retirement policy ; Postponement [retirement] ; Labour economics. |
| Annotation | The National Institute of Economic and Social Research (NIESR) were commissioned to simulate the macroeconomic effects from extending working lives using NIESR's global econometric model, National Institute Global Econometric Model (NiGEM). The core scenario was a one year increase in working life for the UK population to be phased in over the period 2010-2014. This change was combined with a gradual one year increase in the State Pension age for men and women. By 2014 the working age population would have increased by 1.75 per cent. A one year extension of working life would increase real Gross Domestic Product (GDP) about six years after its implementation. (JL). |
| Accession Number | CPA-110317005 B |
| Classmark | GC: G5: G5H: WH |
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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