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Retirement Policy in a Post-Covid World

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  • Arapakis, K., French, E.
  • French, E.

Abstract

In this paper we evaluate the challenges of funding retirement in the aftermath of the Covid pandemic. We first show that the pandemic had only modest effects on life expectancy and employment. These effects were small relative to longer term trends. Nevertheless, they worsened pension funding problems, highlighting the need for future pension reforms. Next, we highlight key evidence on how labor supply responds to pension reforms. Evidence suggests that incentivising later retirement can reduce pension deficits.

Suggested Citation

  • Arapakis, K., French, E. & French, E., 2023. "Retirement Policy in a Post-Covid World," Cambridge Working Papers in Economics 2376, Faculty of Economics, University of Cambridge.
    • Handle: RePEc:cam:camdae:2376
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    6. Cribb, Jonathan & Emmerson, Carl & Tetlow, Gemma, 2016. "Signals matter? Large retirement responses to limited financial incentives," Labour Economics, Elsevier, vol. 42(C), pages 203-212.
    7. Sagiri Kitao, 2018. "Policy Uncertainty and Cost of Delaying Reform: The Case of Aging Japan," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 27, pages 81-100, January.
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