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Retirement 'harmful to health', study says | Retirement 'harmful to health', study says |
(about 1 hour later) | |
Retirement has a detrimental impact on mental and physical health, a new study has found. | Retirement has a detrimental impact on mental and physical health, a new study has found. |
The study, published by the Institute of Economic Affairs (IEA), a think tank, found that retirement results in a "drastic decline in health" in the medium and long term. | The study, published by the Institute of Economic Affairs (IEA), a think tank, found that retirement results in a "drastic decline in health" in the medium and long term. |
The IEA said the study suggests people should work for longer for health as well as economic reasons. | The IEA said the study suggests people should work for longer for health as well as economic reasons. |
The government already plans to raise the state pension age. | The government already plans to raise the state pension age. |
The study, which was published in conjunction with the Age Endeavour Fellowship, a charity, compared retired people with those who had continued working past retirement age, and took into account possible confounding factors. | |
Philip Booth, programme director at the IEA, said the government should go further to deregulate labour markets and allow people to work for longer. | Philip Booth, programme director at the IEA, said the government should go further to deregulate labour markets and allow people to work for longer. |
No 'normal' retirement age | |
"Working longer will not only be an economic necessity, it also helps people live healthier lives," he said. | "Working longer will not only be an economic necessity, it also helps people live healthier lives," he said. |
Edward Datnow, chairman of the Age Endeavour Fellowship, said: "There should be no 'normal' retirement age in future. | |
"More employers need to consider how they will capitalise on Britain's untapped grey potential and those seeking to retire should think very hard about whether it is their best option." | "More employers need to consider how they will capitalise on Britain's untapped grey potential and those seeking to retire should think very hard about whether it is their best option." |
The study suggests there is a small boost to health immediately after retirement, before a significant decline in the longer term. | The study suggests there is a small boost to health immediately after retirement, before a significant decline in the longer term. |
Retirement is found to increase the chances of suffering from clinical depression by 40%, while you are 60% more likely to suffer from a physical condition. | Retirement is found to increase the chances of suffering from clinical depression by 40%, while you are 60% more likely to suffer from a physical condition. |
The effect is the same for men and women, while the chances of becoming ill appear to increase with the length of time spent in retirement. | The effect is the same for men and women, while the chances of becoming ill appear to increase with the length of time spent in retirement. |
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