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Retirement in the 21st century

Daniel Chandler and Gemma Tetlow
Report summary

This summary draws upon a report and briefing note authored by IFS researchers as part of a programme of work examining the outlook for poverty and living standards in older age, funded by the Joseph Rowntree Foundation. The work involved a review of the relevant literature, and analysis of the Family Expenditure Survey, Labour Force Survey and the English Longitudinal Study of Ageing. 

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Report
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.
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.
Press release
The director of the Institute for Fiscal Studies (IFS) Paul Johnson says the current generation of pensioners is better off than ever before, and for the first time have incomes higher on average than the rest of the population (Tuesday 20 Oct 2015).