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The future for older workersNew perspectives$
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Wendy Loretto, Sarah Vickerstaff, and Philip J. White

Print publication date: 2009

Print ISBN-13: 9781847424181

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781847424181.001.0001

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PRINTED FROM POLICY PRESS SCHOLARSHIP ONLINE (www.policypress.universitypressscholarship.com). (c) Copyright Policy Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PPSO for personal use.date: 24 September 2021

Is extending working life possible? Research and policy issues

Is extending working life possible? Research and policy issues

(p.185) Eleven Is extending working life possible? Research and policy issues
The future for older workers

Chris Phillipson

Policy Press

During the early part of the twentieth century, much uncertainty surrounds the transition from work to retirement. The causal factors for this uncertainty were spurred by the various directions associated with economic, social, and cultural change. The economic foundation of retirement has been undermined with the separation of state and personal pensions, and the movement of companies from defined benefit to money purchase schemes. The social desirability of retirement has also been questioned, with moves to increasing state pension age in all industrialised economies. In addition, the meaning attached to retirement has become more complex, reflecting the varied health, financial and personal circumstances of retirees. However, reversal of the retirement trends may prove difficult. Governments, for a variety of reasons, are encouraging later retirement along with ‘age diversity’ in the workplace. In contrast, attitudes and aspirations on the part of working people may run in the opposite direction. This chapter examines the tensions in the current debates in retirement by summarising the current trends in the transition from work to retirement; examining the range of factors encouraging people to leave employment; and assessing policy options for stimulating age diversity in the workplace.

Keywords:   work to retirement, retirement, state pension age, age diversity, later retirement, policy options

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