Research found that both mental and physical health can suffer, said the Institute of Economic Affairs and the Age Endeavour Fellowship, who claim the Government should help people work longer and raise the state pension ages.
The study - Work Longer, Live Healthier: The Relationship Between Economic Activity, Health And Government Policy - shows there is a small boost in health immediately after retirement but that, over the longer term, there is a significant deterioration.
It suggests retirement increases the likelihood of suffering from clinical depression by 40 per cent and the chance of having at least one diagnosed physical condition by about 60 per cent. The probability of taking medication for such a condition rises by about 60 per cent as well, according to the findings. People who are retired are 40 per cent less likely than others to describe themselves as being in very good or excellent health.
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