Tag Archives: retirement

How the world’s largest social pension reform is transforming family old-age care

By Xi Chen (Yale University and IZA) Social pensions are designed to provide the elderly population, especially those with low lifetime incomes, basic protection against poverty in old age. In 2009 China introduced a government subsidized social pension system called … Continue reading

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What politicos get wrong in Germany’s retirement debate

A crucial reality check for all Germany’s politicians eager to hand out even more retirement benefits: They need to ensure that the – already staggering – financial burden carried by the younger members of the workforce will not rise even … Continue reading

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Two solutions to the challenges of population aging

By Milena Nikolova Population aging—the increase of the share of older individuals in a society due to fertility declines and rising life expectancy—is an irreversible global trend with far-reaching economic and socio-political consequences. By 2050, the number of people aged … Continue reading

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The twofold effect of technical progress on retirement

Even though life expectancy is rising in most OECD countries, participation rates for older workers remain low. The fact that a non-negligible fraction of individuals exit the labor force well before retirement age has grave economic consequences, as it influences … Continue reading

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Demanding occupations and the retirement age

With populations aging in across most developed countries, governments are under pressure to reform pension schemes to guarantee their fiscal sustainability. Raising the statutory retirement age – the age at which individuals are entitled to ‘full’ retirement benefits – is … Continue reading

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Living with a stranger: The “Retired Husband Syndrome” in Japan

Retirement is not just a major turning point in the life of a working man, but it often affects his entire family – and not in a good way. Many wives suffer from headaches, sleeplessness and other symptoms of anxiety or … Continue reading

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An optimistic perspective on population aging

Population aging is typically associated with economic challenges for productivity and innovation of an economy, financial threats for the pension system, and fears of increasing impoverishment of the elderly. This is substantiated in endless studies over recent years and sometime … Continue reading

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