Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
This edition of the Pension Reform Primer examines the global trend in early retirement among rich and poorer countries, the reasons for people retiring early, the burden of early retirement on the pension system, recent policy initiatives to promo...
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| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2000/01/6323981/retirement-can-pension-reform-reverse-trend-earlier-retirement-retirement-can-pension-reform-reverse-trend-earlier-retirement http://hdl.handle.net/10986/11444 |
| Summary: | This edition of the Pension Reform
Primer examines the global trend in early retirement among
rich and poorer countries, the reasons for people retiring
early, the burden of early retirement on the pension system,
recent policy initiatives to promote employment of older
workers, and people's responses to incentives. The
paper notes there is a clear relationship between early
retirement and incentives in the pension system, a result
confirmed by other international studies and by more
detailed econometric analysis of individual countries'
systems. It finds that retirement depends on many other
factors, such as individual health or the level of
unemployment. But financial incentives in the tax and
pension system have important effects on the retirement deciosion. |
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