Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/2041
Appears in Collections:Economics Working Papers
Peer Review Status: Unrefereed
Title: Retire Later or Work Harder?
Authors: Bell, David
Hart, Robert A
Contact Email: d.n.f.bell@stir.ac.uk
Citation: Bell D & Hart RA (2010) Retire Later or Work Harder?. Stirling Economics Discussion Paper, 2010-03.
Keywords: Older workers
statutory retirement age
hours of work
JEL Code(s): H55
J11
J14
J18
J22
J26
Issue Date: Jan-2010
Series/Report no.: Stirling Economics Discussion Paper, 2010-03
Abstract: We compare two policies of increasing British state pension provision: (a) increase the pensionable age of men and women, (b) maintain the existing retirement age but require older workers to work longer per-period hours. There are reasons for policy makers to give serious consideration to the under-researched alternative (b). First, from wage - hours contract theory we know that there are potential gains to both workers and firms of allowing hours to rise in work experience. Second, there is strong evidence that job satisfaction rises in age. Third, there has in any case been a significant overall increase in the hours supplied by older workers in the last two decades. We review the relevant theory, model the trade-off between later retirement versus increased work intensity, produce relevant background facts, and provide estimates of the policy trade-offs.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/2041
Affiliation: Economics
Economics

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