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Centre for Policy on Ageing | |
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Work longer, live healthier
— the relationship between economic activity, health and government policy | | Author(s) | Gabriel H Sahigren |
| Corporate Author | Age Endeavour Fellowship - AEF; Institute of Economic Affairs - IEA |
| Publisher | Institute of Economic Affairs, London, May 2013 |
| Pages | 50 pp (IEA Discussion paper, no 46) |
| Source | Institute of Economic Affairs, 2 Lord North Street, London SW1P 3LB. |
| Keywords | Employment of older people ; Postponement [retirement] ; Labour economics ; Health [elderly] ; Social policy ; Reports. |
| Annotation | In the past 50 years, labour market participation among older people has declined significantly, though the trend has reversed a little in recent years. In the UK, there has been a significant decrease in the employment rate among older men. Research presented in this paper indicates that being retired decreases physical, mental and self-assessed health. Adverse effects increase as the number of years spent in retirement increases. However, results vary depending on the model and research strategy used, as with these examples: that retirement decreases the likelihood of being in "very good" or "excellent" self-assessed health by about 40%; that retirement increases the probability of suffering from clinical depression by about 40%; or that retirement increases the probability of having at least one diagnosed physical condition by about 60%. The author suggests that higher state pension ages are not only possible (given longer life expectancy) and desirable (given the fiscal costs of state pensions), but later retirement should lead to better average health in retirement. As such, the government should remove impediments to later retirement that are to be found in state pension systems, disability benefit provision and employment protection legislation. (RH). |
| Accession Number | CPA-161018001 B |
| Classmark | GC: G5H: WH: CC: TM2: 6K |
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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