A report published by the Office for National Statistics shows that the number of people working beyond State Pension Age has doubled over past two decades rising from 753,000 in 1993 to 1.4 million in 2011. News from Simons Muirhead Burton
A report, Older Workers in the Labour Market – 2012, published by the Office for National Statistics, reveals that the number of people of state pension age and above in employment has nearly doubled over the past two decades, from 753,000 in 1993 to 1.4 million in 2011. The report also provides a snapshot picture of the ‘later life’ labour market. Older workers are far more likely to be self-employed than their younger counterparts: 32 per cent compared with 13 per cent.
Around two-thirds of the older workers are part-time but they are generally doing these shorter roles with the same employer. Eight in every 10 of older workers have been with their employer for five years or more. Men working later in life tend to stay on in higher skill roles while women tend to stay on in lower skill roles.
