Women staying in work longer

Marion Dakers
RAISING the retirement age for women has strengthened the UK economy by £2.1bn in under three years, according to the Institute for Fiscal Studies.

The employment rate among 60 year-old women has increased steadily from when the retirement age began to rise in 2010 and in April 2012 was 51.4 per cent.

Around 35,000 more men and women are in employment as a result of the changes, research economist Jonathan Cribb estimated in a paper out today, while a further 3,000 women are not in work but looking for a job.