IEA Briefing in Parliament on Retirement
This will be an opportunity to discuss retirement policy and steps that could be taken to increase the possibilities for people to work at older ages thus increasing incomes and improving health and wellbeing.
In conjunction with Age Endeavour Fellowship, the IEA have undertaken extensive research into retirement and the pension age in 2013.
In May 2013, Work Longer, Live Healthier was published. The research found that being retired decreases physical, mental and self-assessed health. It argued 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, in fact, lead to better average health in retirement.
In early December, a follow-up piece of research is coming out, Income from work – the fourth pillar of income provision in old age. This paper looks at the decline in working at older ages and the causes of that decline. It proposes reduced employment regulation, higher pension ages and a reduction in the availability of non-pension paths to retirement in order to ensure that people bear the costs of deciding to stop work in late middle age.
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