Raising Labour Supply for the Longer Term
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This chapter first examines the measures announced in the package and considers areas where it could usefully be extended. The discussion then turns to the two ends of the working-age distribution, the relatively late entry of young people into the workforce and the early exit to retirement, where policies could be adjusted to sharpen the incentives to spend more years in work. Finally, the chapter considers some other dimensions that would boost the total hours worked each year, notably by reducing temporary absences.