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Ageing, retirement and pension reforms
Author(s) -
Pestieau Pierre
Publication year - 2003
Publication title -
world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/j.1467-9701.2003.00581.x
Subject(s) - pension , social security , population ageing , economics , retirement age , ageing , politics , old age security , reduction (mathematics) , population , labour economics , political science , market economy , finance , medicine , law , environmental health , birth rate , research methodology , geometry , mathematics
The gist of this paper is that the financial problems of pensions arise not only from the ageing of the population but also from the progressive reduction of the retirement age. It shows that social security systems explain in part such a reduction and indicates why reforms encounter so many political obstacles even though they would benefit most retirees, particularly those with few resources.