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Retirement entitlement and monetary-fiscal policy

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Exchange-based societies widely disperse their day-to-day decisions among their members and components. They arrange pluralistic social processes by means of economic exchange. In such societies, the fundamental dynamic of exchange should be a central consideration of any social welfare doctrines. Retirement entitlements should be considered a structural element of the exchange system itself. Current retirement entitlement and benefits programs are immediately and continuously a part of monetary-fiscal policy management, and, as such, highly politicized. Such programs may be structured in a way that removes them from such short-term influences. This study examines some ways in which retirement entitlement programs may be restructured and suggests that such restructuring should be undertaken in exchange-based societies.

Keywords: Economic Processes; Ethics; Pensions; Social Welfare

Document Type: Research Article


Publication date: 2004-09-01

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