Social Security Programs and Retirement around the World
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age
aging
belgians
belgium
benefits
canada
canadian
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Category=KCF
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danes
declining birth rates
denmark
economics
employee
employment
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extension
france
french
german
germany
governing
government
incentives
international
labor
lifespans
older people
participation
pensions
policy
policymakers
political economy
population
program
retirees
retirement
social security
work
workers
world
worldwide
Product details
- ISBN 9780226309484
- Weight: 652g
- Dimensions: 16 x 23mm
- Publication Date: 15 Apr 2010
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to benefits-paying employees increases. Second, as falling mortality rates increase lifespans, retirees receive benefits for longer than in the past. Further exacerbating the situation, the provisions of social security programs often provide strong incentives for people to leave the labor force. "Social Security Programs and Retirement around the World" offers comparative analysis from twelve countries and examines the issue of age in the labor force. A notable group of contributors analyzes the relationship between incentives to retire and the proportion of older persons in the workforce, the effects that reforming social security would have on the employment rates of older workers, and how extending labor force participation will affect program costs.
Dispelling the myth that employing older workers takes jobs away from the young, this timely volume challenges a raft of existing assumptions about the relationship between old and young people in the workforce.
Jonathan Gruber is professor of economics at the Massachusetts Institute of Technology and director of the Program on Health Care at the NBER, where he is a research associate. David A. Wise is the John F. Stambaugh Professor of Political Economy at the Kennedy School of Government, Harvard University. He is area director of the Health and Retirement programs, director of the Program on the Economics of Aging, and a research associate, all at the NBER.
