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 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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Bibliographic Details
| Main Author: |
World Bank |
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| Language: | English |
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| Published: |
Washington, DC
2000-01
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| Subjects: | ACCRUALS,
AGING POPULATIONS,
ANNUITY,
BENEFIT FORMULA,
CONTRIBUTION RATE,
DEFINED BENEFIT PLANS,
DEFINED BENEFIT SCHEMES,
DEFINED CONTRIBUTIONS,
DISCOUNT RATE,
EARLY RETIREMENT,
EMPLOYMENT,
EMPLOYMENT OUTLOOK,
FINANCIAL INCENTIVES,
GROSS REPLACEMENT RATE,
INVESTMENT RETURNS,
JOBS,
LABOR MARKET,
LIFE EXPECTANCY,
LIFETIME EARNINGS,
MANDATORY RETIREMENT,
OLDER WORKERS,
PENSION COSTS,
PENSION FORMULA,
PENSION PLANS,
PENSION REFORM,
PENSION REFORMS,
PENSION SCHEMES,
PENSION SYSTEM,
PENSION SYSTEMS,
PENSION WEALTH,
PENSIONERS,
PENSIONS,
PERSISTENT UNEMPLOYMENT,
PRESENT VALUE,
PRIVATE PENSION,
PRIVATE PENSION SYSTEMS,
PUBLIC FINANCES,
REPLACEMENT RATE,
REPLACEMENT RATES,
RETIREES,
RETIREMENT,
RETIREMENT AGE,
RETIREMENT AGES,
RETIREMENT DECISION,
RETIREMENT INCOME,
RETIREMENT INCOME SYSTEMS,
RETIREMENT SAVINGS,
SAVINGS PLANS,
SOCIAL POLICY,
SOCIAL PROTECTION,
SOCIAL SECURITY,
SOCIALIST COUNTRIES,
TAX RATE,
TAX TREATMENT,
UNEMPLOYED,
UNEMPLOYMENT,
YOUNGER WORKERS,
YOUTH UNEMPLOYMENT,
YOUTH UNEMPLOYMENT RATES, |
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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
https://hdl.handle.net/10986/11444
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