Skip to main content

Ageing and Employment Policies/Vieillissement et politiques de l'emploi Live Longer, Work Longer: Removing Work Disincentives and Increasing Choice in Work‐Retirement Decisions

Buy Article:

$32.00 plus tax (Refund Policy)

Abstract:

Key messages: Pension reforms can alter the incentives to work and influence workers' decisions on the timing of retirement. Reform measures include reductions of pension replacement rates, increasing the official and the earliest ages of retirement, and correcting the increments and decrements of pension benefits for early and late retirement. More flexibility in combining work and pensions could also help to increase labour‐market participation of older people. Pension reform has been widespread across OECD countries, but a number of difficult issues remain in terms of finding the appropriate balance between, on the one hand, encouraging later retirement and, on the other hand, increasing flexibility in work‐retirement choices. These issues include the appropriate design of more actuarially‐neutral pension systems and whether countries should go beyond actuarial neutrality and take a more active stance in terms of promoting later retirement. Finally, while pension systems are being reformed, it is essential to ensure that other welfare benefits are not used unjustifiably as paths to early exit from the labour market.

Document Type: Review Article

Publication date: February 1, 2006

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Partial Open Access Content
Partial Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more