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Extra info for Ageing And Employment Policies ( Vieillissement et Politiques de L'Emploi): United Kingdom (Ageing and Employment Policies)

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It is interesting to note that male unemployment rates exhibit much more cyclicality than female unemployment rates. 8. Unemployment rates in the United Kingdom by age and gender, 1985-2003 Percentages Men Women 15 15 60-64 13 13 11 11 25-49 55-59 9 9 7 7 55-59 25-49 50-54 5 5 3 3 1 1 50-54 60-64 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 Source: UK Labour Force Survey. In a dynamic labour market, the ability to remain employed is not an easy task.

7 percentage points for the age groups 25-49, 50-54, 55-59 and 60-64, respectively. AGEING AND EMPLOYMENT POLICIES: UNITED-KINGDOM – ISBN-92-64-01621-X © OECD 2004 CHAPTER 2. 4. – 47 Participation rates of older workers in selected OECD countries, 2003 Percentages Men aged 55-59 Men aged 50-54 0 20 40 60 80 100 0 TUR 40 60 80 100 40 60 80 100 0 0 20 40 60 80 100 20 40 60 80 100 Women aged 60-64 ISL SWE DNK NOR FIN CHE NZL USA GBR CAN JPN DEU OECD FRA PRT A US EU15 KOR NLD CZE IRL HUN M EX AUT GRC ESP P OL ITA LUX BEL TUR SVK ISL SWE FIN CZE DNK NOR SVK CHE NZL DEU CAN GBR FRA USA AUT AUS HUN JPN PRT OECD EU15 NLD P OL B EL KOR IRL LUX GRC ITA ESP M EX 20 20 ISL M EX JPN NZL CHE SWE KOR NOR USA IRL GBR PRT CA N OECD DNK AUS ESP GRC TUR EU15 NLD DEU FIN ITA CZE POL BEL LUX A UT HUN FRA SVK Women aged 55-59 Women aged 50-54 0 Men aged 60-64 JPN ISL CHE M EX DNK NZL SWE NOR KOR CZE GB R USA SVK OECD DEU NLD CA N ESP IRL PRT GRC AUS EU15 FIN A UT FRA ITA HUN LUX BEL P OL TUR JP N ISL CHE M EX DEU DNK FRA NZL CZE NLD KOR SWE LUX SVK GRC EU15 AUT PRT CAN ESP NOR OECD GB R ITA USA IRL AUS FIN B EL HUN POL TUR ISL SWE NOR USA NZL KOR JPN CHE PRT CAN OECD DNK GBR A US FIN IRL M EX GRC TUR EU15 ESP DEU NLD POL CZE FRA ITA LUX HUN BEL A UT SVK 0 20 Source: OECD Labour Force Statistics.

19 National Insurance contributions (NICs) are paid into the National Insurance Fund, out of which benefits (for retirement, unemployment and sickness and some other contingencies) are paid. The system is financed on a pay-as-you-go basis, with contribution rates set at a level broadly necessary to meet expected benefit expenditure in the same year, after taking account of other payments and receipts and to maintain a working balance. There is a significant array of means-tested benefits available to lower income pensioners.

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