Centre for Policy on Ageing


The economics of old age in Britain
 — a long-run view 1881-1981
Author(s)Paul Johnson
Corporate AuthorCentre for Economic Policy Research - CEPR
PublisherCentre for Economic Policy Research, London, 1985
Pages34 pp (CEPR discussion paper, no 47)
KeywordsEconomic status [elderly] ; Retirement ; Income [older people] ; Social policy ; Histories.
AnnotationThe substantial rise in the proportion of older people (age 65+) in the British population in the last hundred years has been matched by a dramatic fall in older people's labour force participation rates. This paper shows that economic dependency of older people is seen as a function of long-established employment practices and patterns of asset accumulation. Information drawn from the decennial census since 1881 on the occupations of older males shows a consistent marginalisation of older workers in low-wage, low-status occupations. Data of asset holdings demonstrates that older people have a high probability of spending their last years in poverty. (RH).
Accession NumberCPA-930528044 B
ClassmarkF:W: G3: JF: TM2: 6A

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