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The Impact of Occupational Pensions on Retirement Age

Published online by Cambridge University Press:  05 March 2007

SEPIDEH ARKANI
Affiliation:
Department of Finance and Business Law, Westminster Business School, University of Westminster, 35 Marylebone Road, London NW1 5LS email: S.Arkani@westminster.ac.uk
ORLA GOUGH
Affiliation:
Chair of the Finance and Business Law Department, Westminster Business School, University of Westminster, 35 Marylebone Road, London, NW1 5LS email: gougho@wmin.ac.uk

Abstract

This article contributes to the debate about retirement age and the extent to which occupational pensions influence the decision to retire. It uses the waves of Labour Force Survey (1984–91) and Quarterly Labour Force Survey (1992–2003) to review the changes in the actual average retirement age in the UK during the period 1984–2003 by gender and ethnicity. The article investigates the link between occupational pension schemes and the actual retirement age of men and women. It explores the impact of pension type on employees' expected retirement age and the decision to take early retirement using the English Longitudinal Survey of Ageing (2002–03).

Type
Article
Copyright
© 2006 Cambridge University Press

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