Over the coming two decades people are likely to stay in the workforce much longer – by about five years. There will be a strong trend towards later retirement as a result of social and economic pressures, without any policy action. The results will be largely positive and should therefore be...

The paper reviews evidence that suggests that, over the coming two decades, people are likely to stay in the work force at least five years longer, possibly by considerably more. The implications for policy are surprisingly large and surprisingly unrecognized. Recent trends, if extended into the...