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Stung by pension reforms: The unequal impact of changes in state pension age on UK women and their partners

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  • Giusta, Marina Della
  • Longhi, Simonetta

Abstract

We investigate the heterogeneity of the effect of having to wait for longer than expected to reach State Pension Age (SPA) on different groups of women and their partners. We find a positive impact on employment and labour force participation, but also large negative impacts on personal, financial, mental wellbeing and life satisfaction. The effects are larger for women with low education and for those without a partner, suggesting that changes in the SPA exacerbate existing inequalities. Our results caution against considering changes in SPA in isolation from personal and family circumstances, given that these affect outcomes significantly.

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  • 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).
    • Handle: RePEc:eee:labeco:v:72:y:2021:i:c:s0927537121000841
    DOI: 10.1016/j.labeco.2021.102049
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    Cited by:

    1. Kanabar, Ricky & Nivalainen, Satu & Järnefelt, Noora, 2024. "‘Relabelling’ of individual early retirement pension in Finland: Application and behavioural responses using Finnish register data," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 20-38.
    2. Joe Spearing, 2024. "The effect of retirement eligibility on mental health in the United Kingdom: Heterogeneous effects by occupation," Health Economics, John Wiley & Sons, Ltd., vol. 33(8), pages 1621-1648, August.
    3. Kanabar, Ricky & Nivalainen, Satu & Järnefelt, Noora, 2023. "‘Relabelling’ of individual retirement pension in Finland: application and behavioural responses using Finnish register data," ISER Working Paper Series 2023-05, Institute for Social and Economic Research.
    4. Lei, Lei & Wu, Fengyu & Xia, Yiming, 2023. "Child Gender and Subjective Well-being of Older Parents in China," GLO Discussion Paper Series 1229, Global Labor Organization (GLO).
    5. Alison Preston & Robert E. Wright, 2023. "Gender, Financial Literacy and Pension Savings," The Economic Record, The Economic Society of Australia, vol. 99(324), pages 58-83, March.
    6. 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.

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