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Ageing, retirement and pension reforms

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  • Pierre Pestieau

Abstract

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.

Suggested Citation

  • Pierre Pestieau, 2003. "Ageing, retirement and pension reforms," The World Economy, Wiley Blackwell, vol. 26(10), pages 1447-1457, November.
    • Handle: RePEc:bla:worlde:v:26:y:2003:i:10:p:1447-1457
    DOI: 10.1111/j.1467-9701.2003.00581.x
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    References listed on IDEAS

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    1. Jonathan Gruber & David A. Wise, 1999. "Introduction to "Social Security and Retirement around the World"," NBER Chapters, in: Social Security and Retirement around the World, pages 1-35, National Bureau of Economic Research, Inc.
    2. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-1284, December.
    3. Henri Sneessens & Fatemeh Shadman & Olivier Pierrard, 2003. "Effets des préretraites sur l'emploi," Revue Française d'Économie, Programme National Persée, vol. 18(1), pages 133-155.
    4. Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1, February.
    5. Bruno Crépon & Nicolas Deniau & Sébastien Perez-Duarte, 2003. "Productivité et salaire des travailleurs âgés," Revue Française d'Économie, Programme National Persée, vol. 18(1), pages 157-185.
    6. Herbertsson, Tryggvi Thor & Orszag, Mike, 2003. "The Early Retirement Burden: Assessing the Costs of the Continued Prevalence of Early Retirement in OECD Countries," IZA Discussion Papers 816, Institute of Labor Economics (IZA).
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    Cited by:

    1. Jim Been & Olaf Vliet, 2017. "Early Retirement across Europe. Does Non-Standard Employment Increase Participation of Older Workers?," Kyklos, Wiley Blackwell, vol. 70(2), pages 163-188, May.
    2. Tito Boeri & Jan van Ours, 2013. "The Economics of Imperfect Labor Markets: Second Edition," Economics Books, Princeton University Press, edition 1, number 10142.
    3. Julian Diaz Saavedra, 2014. "Early Retirement, Social Security, and Output Gap," ThE Papers 14/01, Department of Economic Theory and Economic History of the University of Granada..

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