Older Men and Work in the Twenty-First Century: What Can the History of Retirement Tell Us?

Abstract

Abstract The New Labour government has set a target of getting 1,000,000 more people aged 50 and over (50+) back into work as part of its aim of achieving an overall employment rate of 80 per cent among people of working age. To this end, a variety of policies have been introduced to encourage citizens to work later in life, notably the 2006 Age Regulations. However, much of the government's analysis is based on supply-side reasoning that has retained its credibility only because of the rise in older people's employment rates that has taken place since 1994. This article focuses on the employment problems of older men, since their employment rates have fallen sharply since the 1970s. Examination of both the history of retirement and less favourable underlying economic trends suggests that extending the working lives of older men may not be easy.

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