Early Retired or Long-Term Unemployed?

Bernard Casey and Frank Laczko
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Bernard Casey: P.S.I. 100 Park Village East LONDON NW1 3SR
Frank Laczko: Coventry Polytechnic Priory Street COVENTRY CV1 5FB

Work, Employment & Society, 1989, vol. 3, issue 4, 509-526

Abstract: The paper examines the appropriateness of the epithet `a growth of early retirement' to describe the falling labour force participation of older men in Britain since the end of the 1970s. It refers to statistical explanations of age specific labour force participation and draws extensively on Labour Force Survey data to describe the subjective and objective characteristics of those aged 55-64 who are not in paid employment. Whilst there is evidence that much of the fall in activity rates can be ascribed to a deterioration of the labour market, it is inappropriate to consider those who have left the labour market simply as `unemployed'. Their indeterminate status - between active and inactive - is argued to be akin to that of the long-term unemployed.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:sae:woemps:v:3:y:1989:i:4:p:509-526

DOI: 10.1177/0950017089003004006

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