Retirement incentives and labor supply

Richard Blundell; Eric French; Gemma Tetlow

Retirement incentives and labor supply

Richard Blundell, Eric French and Gemma Tetlow

Book chapter

17 Mar 2017

‘Retirement Incentives and Labor Supply’ in A. Woodland and J. Piggott (eds) Handbook of the Economics of Population Aging, Chapter 1, Vol 1B, Elsevier.

Related Information

Publisher

Elsevier

Document link

Download full report

More on this topic

24 Jan 2019

Observation

The role of pessimism about survival in explaining the 'annuity puzzle'

Pension freedoms gave people much more flexibility over how to use their savings in retirement. But very few now purchase annuities in order to guarantee an income. We find that an important reason could be that people underestimate how long they will live.

17 Jan 2019

IFS Working Paper W19/02

Survival pessimism and the demand for annuities

The "annuity puzzle" refers to the fact that annuities are rarely purchased despite the longevity insurance they provide. Most explanations for this puzzle assume that individuals have accurate expectations about their future survival. We provide evidence that individuals mis-perceive their ...

28 Nov 2018

IFS Working Paper NBER Working Paper No. 24606

Long-run Trends in the Economic Activity of Older People in the UK

We document employment rates of older men and women in the UK over the last forty years. In both cases growth in employment since the mid 1990s has been stronger than for younger age groups. On average, older men are still less likely to be in work than they were in the mid 1970s although this is ...

28 Nov 2018

IFS Working Paper NBER Working Paper No. 14201

A Lifetime of Changes: State Pensions and Work Incentives at Older Ages in the UK, 1948-2018

In this paper we describe the history of state pension policy in the UK since the introduction of the State Pension in 1948. We calculate simple summary measures of the generosity of the system over time and of the degree to which the system has created implicit taxes on, or subsidies to, work at ...

22 Oct 2018

Presentation

Childcare in the tax and benefit system: first principles

This presentation is one of a series on the economics of tax policy.