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Release: Pension Trends, Chapter 4: The Labour Market and Retirement, 2013 edition

Released: 26 February 2013

Contact

David Knight

Pensions Analysis Unit

pensionsanalysis@ons.gsi.gov.uk

Telephone: +44 (0)1633 455847

Categories: Economy, Personal Finances, Pensions, Labour Market, People in Work, Employment

Frequency of release: Ad-hoc

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • In April – June 2012, for those over state pension age, for the first time since 2005 when Pension Trends chapter 4 was first published, there were fewer women than men in employment (Table 4.6).

  • In the same period, for men who were aged between 50 and SPA, there were around six times as many working full-time as there were part-time. This ratio is reduced to two-thirds after SPA. (Table 4.6).

  • Around 31% of workers at or above state pension age were self-employed in April – June 2012. For those aged between 16 and SPA, self-employment accounted for only 13.5 % of the total workforce (Figure 4.8).

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

This chapter examines trends in labour market participation and the transition from work to retirement. The chapter begins by looking at how the economic support ratio, a measure of the economic burden on working people, might be affected by the ageing of the UK population. It then examines changes in labour force participation over time, considers labour force participation of older age groups and examines trends in the average age of withdrawal from the labour market.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.