Follow us
Publications Commentary Research People Events News Resources and Videos About IFS
Home Publications Retirement in the 21st century

Retirement in the 21st century

Daniel Chandler and Gemma Tetlow

Since 1995, employment rates of men in their 50s and 60s have steadily increased, following a long period of decline from the late 1960s. At the same time, employment rates of older women have continued to increase. This growth in employment rates was only somewhat arrested during the recent recession. This report looks at the factors that have contributed to this growth in
employment rates and, in particular, what might explain the turnaround in the trend for older men in the mid-1990s. We survey the recent literature and present a new analysis of data from the English Longitudinal Study of Ageing, which covers the period from 2002–03 to 2012–13.

In this report, we distinguish between factors affecting mainly the demand for older workers and those affecting mainly the supply of older workers. However, in practice, it is very difficult to disentangle the effects of the two.

Find out more

Report summary
This report summary is drawn from IFS research that was carried out as part of a programme of work examining the outlook for poverty and living standards in older age.
Briefing note
In this briefing note we use data from the Labour Force Survey (LFS) and the English Longitudinal Study of Ageing (ELSA) to describe patterns of employment and self-employment among people aged between 50 and 74 in England in 2012–13.