Economic Affairs - Fourth Report

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Here you can browse the report which was ordered by the House of Lords to be printed 5 November 2003.

CONTENTS

SUMMARY

CHAPTER 1: SCOPE OF THE INQUIRY

CHAPTER 2: DEMOGRAPHIC CONTEXT

Introduction
The causes of population ageing
The future impact of immigration on population ageing
The reliability of population projections

CHAPTER 3: MACROECONOMIC CONTEXT

Introduction
Ageing and aggregate labour productivity
Ageing, inflation, saving and capital accumulation

CHAPTER 4: AGEING AND WORK I: PARTICIPATION

Introduction
Participation rates below pension age
Participation rates above state pension age
Diversity in patterns of participation: regional effects
Diversity in patterns of participation: the impact of ethnicity
Diversity in patterns of participation: the impact of gender
Explanations of early retirement: supply and demand

CHAPTER 5: AGEING AND WORK II: PRODUCTIVITY AND SKILLS

Introduction
Age and work capacity: the impact of health status
Age and work capacity: the impact of education and skills
The relationship between age and job performance

CHAPTER 6: AGEING AND WORK III: AGE DISCRIMINATION

Introduction
The extent of age discrimination
The legislative environment

CHAPTER 7: AGEING AND CONSUMPTION

CHAPTER 8: AGEING AND RETIREMENT I: INDIVIDUAL AND HOUSEHOLD CIRCUMSTANCES

Introduction
Women
Minority ethnic communities

CHAPTER 9: AGEING AND RETIREMENT II: PRIVATE RESOURCES

Introduction
Opportunities for private provision for retirement
Uncertainty and private pensions

CHAPTER 10: AGEING AND RETIREMENT III: PUBLIC RESOURCES

Introduction
Complexity and uncertainty
Purpose
Means testing and public pensions
The concept of a "pensions crisis"

CHAPTER 11: CONCLUSIONS AND RECOMMENDATIONS

The future impact of immigration on population ageing
Reliability of population projections
Ageing and aggregate labour productivity
Ageing, inflation, saving and capital accumulation
Participation rates below pension age
Participation rates above state pension age
Diversity in patterns of participation: regional effects
Diversity in patterns of participation: the impact of ethnicity
Explanations of early retirement: supply and demand
Age and work capacity: the impact of health status
Age and work capacity: the impact of education and skills
The relationship between age and job performance
The extent of age discrimination
The legislative environment
Consumption
Women
Opportunities for private provision for retirement
Uncertainty and private pensions
Complexity and uncertainty
Purpose
Means testing and public pensions
The concept of a "pensions crisis"

Appendix 1: Membership of the Committee

Appendix 2: Members' Relevant Interests

Appendix 3: List of Witnesses

Appendix 4: Call for Evidence

NOTE: References in the text of the Report are as follows:

(Q) refers to a question in oral evidence.

(p) refers to a page of written evidence.

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