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We estimate the labor force participation (LFP) response to the introduction of means-tested minimum pensions in the UK through the Old-Age Pension Act (OAP) of 1908. The OAP was a major social policy intervention and the first one to universally target older workers in a time of very limited...
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We compare older workers' plans for work and retirement with their subsequent work and retirement outcomes using panel … data from the Health and Retirement Study. Among those with retirement plans, about half indicate they would like to cut …
Persistent link: https://www.econbiz.de/10014028865
"We need a new retirement paradigm as private pensions disappear. Families must take more responsibility for their … retirement by saving consistently, working long enough to accumulate enough savings, and spending their savings at an appropriate … rate in retirement. Families cannot build a secure retirement by themselves, however; they need help from government and …
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Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
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