Abstract
The age of retirement has always been for most people an outcome of economic circumstances rather than choice. This paper examines the origins of our pension policies and retirement practices. It considers how the notion of retirement age, embodied in public and private pension systems, evolved and how it is related to our concept of ‘old age’. The paper discusses the aspiration of employees to choose the time of their retirement and how freedom to make the retirement decision may influence their health and wellbeing after they have retired.
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