Workforce and Employment

There are hidden costs to creating incentives for later retirement. Experts explain

Encouraging later retirement is happening on a global scale. Image: Unsplash/Vlad Sargu

Jonas Kolsrud

Analyst and Researcher , National Institute of Economic Research, Stockholm

Daniel Reck

Assistant Professor of Economics , London School of Economics

Johannes Spinnewijn

Professor in Economics and Research Fellow , London School of Economics and CEPR & IFS

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What is the World Economic Forum doing about including older people in the workforce?

Consumption seems to increase in line with the age at retirement. Image: Voxeu

Those who retire later seem to have better health and life expectancy. Image: Voxeu

As years since retirement increases mean household consumption tends to decrease. Image: Voxeu

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