Retirement entitlement and monetary-fiscal policy
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.