IDEAS home Printed from https://ideas.repec.org/a/cup/jpenef/v18y2019i03p450-472_00.html
   My bibliography  Save this article

Can't wait to get my pension: the effect of raising the female early retirement age on income, poverty and deprivation

Author

Listed:
  • CRIBB, JONATHAN
  • EMMERSON, CARL

Abstract

We estimate the impact of increasing the female early retirement age (ERA) on household living standards. Examining the increase in the female ERA from 60 to 63 in the UK, we find increased earnings only partially offset lost public pension income, leaving affected women's household incomes £32 per week lower on average. The proportional effect was substantially larger for women in lower income households. This increased the income poverty rate among affected women by 6.4 percentage points. We find no evidence of an increased inability to afford important material items, potentially suggesting that material deprivation has been avoided through smoothing of consumption.

Suggested Citation

  • Cribb, Jonathan & Emmerson, Carl, 2019. "Can't wait to get my pension: the effect of raising the female early retirement age on income, poverty and deprivation," Journal of Pension Economics and Finance, Cambridge University Press, vol. 18(3), pages 450-472, July.
    • Handle: RePEc:cup:jpenef:v:18:y:2019:i:03:p:450-472_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1474747218000057/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valery P. Chichkanov & Elena V. Chistova & Alexander N. Tyrsin & Anatoly N. Stepanov, 2019. "Consequences of Raising The Retirement Age for the Labor Market in the Regions of Russia," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(1), pages 31-45.
    2. Todd Morris, 2022. "The unequal burden of retirement reform: Evidence from Australia," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 592-619, April.
    3. Giusta, Marina Della & Longhi, Simonetta, 2021. "Stung by pension reforms: The unequal impact of changes in state pension age on UK women and their partners," Labour Economics, Elsevier, vol. 72(C).
    4. Andersen, Asbjørn Goul & Markussen, Simen & Røed, Knut, 2021. "Pension reform and the efficiency-equity trade-off: Impacts of removing an early retirement subsidy," Labour Economics, Elsevier, vol. 72(C).
    5. Cooper, Kerris & Hills, John, 2021. "The Conservative governments’ record on social security: policies, spending and outcomes, May 2015 to pre-COVID 2020," LSE Research Online Documents on Economics 121553, London School of Economics and Political Science, LSE Library.
    6. Alessandro Cusimano & Chiara Paola Donegani & Stephen McKay, 2022. "Later pensions, lower social capital?," Economics Bulletin, AccessEcon, vol. 42(4), pages 2150-2160.
    7. Gorlin, Yury & Kartseva, Marina & Lyashok, Victor, 2019. "The impact of the retirement age increase on the poverty level of the Russian population: Microsimulation analysis," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 54, pages 26-50.
    8. Kalwij, Adriaan & Kanabar, Ricky, 2022. "State Pension eligibility age and retirement behaviour: evidence from the United Kingdom Household Longitudinal Study," ISER Working Paper Series 2022-05, Institute for Social and Economic Research.
    9. Kerris Cooper & John Hills, 2021. "The Conservative Governments’ Record on Social Security: Policies, Spending and Outcomes, May 2015 to pre-COVID 2020," CASE - Social Policies and Distributional Outcomes Research Papers 10, Centre for Analysis of Social Exclusion, LSE.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jpenef:v:18:y:2019:i:03:p:450-472_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/pef .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.