However, patterns across different workers over the intervening years (including data for 2008 and 2010, not shown), combined with the longerterm rise in participation of older ages in Graph 5 suggests that factors other than just the financial crisis have been responsible for later retirement.
6  BIS central bankers’ speeches  Graph 5  A rise in wages – which I have suggested is in prospect over the longer term – would provide an incentive for people to enter and remain in the workforce.