Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?

This edition of the Pension Reform Primer examines the global trend in early retirement among rich and poorer countries, the reasons for people retiring early, the burden of early retirement on the pension system, recent policy initiatives to promo...

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Main Author:	World Bank
Format:	Brief
Language:	English
Published:	Washington, DC 2012
Subjects:	ACCRUALS AGING POPULATIONS ANNUITY BENEFIT FORMULA CONTRIBUTION RATE DEFINED BENEFIT PLANS DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTIONS DISCOUNT RATE EARLY RETIREMENT EMPLOYMENT EMPLOYMENT OUTLOOK FINANCIAL INCENTIVES GROSS REPLACEMENT RATE INVESTMENT RETURNS JOBS LABOR MARKET LIFE EXPECTANCY LIFETIME EARNINGS MANDATORY RETIREMENT OLDER WORKERS PENSION COSTS PENSION FORMULA PENSION PLANS PENSION REFORM PENSION REFORMS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONERS PENSIONS PERSISTENT UNEMPLOYMENT PRESENT VALUE PRIVATE PENSION PRIVATE PENSION SYSTEMS PUBLIC FINANCES REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT DECISION RETIREMENT INCOME RETIREMENT INCOME SYSTEMS RETIREMENT SAVINGS SAVINGS PLANS SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SOCIALIST COUNTRIES TAX RATE TAX TREATMENT UNEMPLOYED UNEMPLOYMENT YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES
Online Access:	http://documents.worldbank.org/curated/en/2000/01/6323981/retirement-can-pension-reform-reverse-trend-earlier-retirement-retirement-can-pension-reform-reverse-trend-earlier-retirement http://hdl.handle.net/10986/11444

id	okr-10986-11444
recordtype	oai_dc
spelling	okr-10986-114442021-04-23T14:02:55Z Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement? World Bank ACCRUALS AGING POPULATIONS ANNUITY BENEFIT FORMULA CONTRIBUTION RATE DEFINED BENEFIT PLANS DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTIONS DISCOUNT RATE EARLY RETIREMENT EMPLOYMENT EMPLOYMENT OUTLOOK FINANCIAL INCENTIVES GROSS REPLACEMENT RATE INVESTMENT RETURNS JOBS LABOR MARKET LIFE EXPECTANCY LIFETIME EARNINGS MANDATORY RETIREMENT OLDER WORKERS PENSION COSTS PENSION FORMULA PENSION PLANS PENSION REFORM PENSION REFORMS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONERS PENSIONS PERSISTENT UNEMPLOYMENT PRESENT VALUE PRIVATE PENSION PRIVATE PENSION SYSTEMS PUBLIC FINANCES REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT DECISION RETIREMENT INCOME RETIREMENT INCOME SYSTEMS RETIREMENT SAVINGS SAVINGS PLANS SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SOCIALIST COUNTRIES TAX RATE TAX TREATMENT UNEMPLOYED UNEMPLOYMENT YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES This edition of the Pension Reform Primer examines the global trend in early retirement among rich and poorer countries, the reasons for people retiring early, the burden of early retirement on the pension system, recent policy initiatives to promote employment of older workers, and people's responses to incentives. The paper notes there is a clear relationship between early retirement and incentives in the pension system, a result confirmed by other international studies and by more detailed econometric analysis of individual countries' systems. It finds that retirement depends on many other factors, such as individual health or the level of unemployment. But financial incentives in the tax and pension system have important effects on the retirement deciosion. 2012-08-13T15:05:20Z 2012-08-13T15:05:20Z 2000-01 http://documents.worldbank.org/curated/en/2000/01/6323981/retirement-can-pension-reform-reverse-trend-earlier-retirement-retirement-can-pension-reform-reverse-trend-earlier-retirement http://hdl.handle.net/10986/11444 English World Bank Pension Reform Primer Series CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCRUALS AGING POPULATIONS ANNUITY BENEFIT FORMULA CONTRIBUTION RATE DEFINED BENEFIT PLANS DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTIONS DISCOUNT RATE EARLY RETIREMENT EMPLOYMENT EMPLOYMENT OUTLOOK FINANCIAL INCENTIVES GROSS REPLACEMENT RATE INVESTMENT RETURNS JOBS LABOR MARKET LIFE EXPECTANCY LIFETIME EARNINGS MANDATORY RETIREMENT OLDER WORKERS PENSION COSTS PENSION FORMULA PENSION PLANS PENSION REFORM PENSION REFORMS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONERS PENSIONS PERSISTENT UNEMPLOYMENT PRESENT VALUE PRIVATE PENSION PRIVATE PENSION SYSTEMS PUBLIC FINANCES REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT DECISION RETIREMENT INCOME RETIREMENT INCOME SYSTEMS RETIREMENT SAVINGS SAVINGS PLANS SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SOCIALIST COUNTRIES TAX RATE TAX TREATMENT UNEMPLOYED UNEMPLOYMENT YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES
spellingShingle	ACCRUALS AGING POPULATIONS ANNUITY BENEFIT FORMULA CONTRIBUTION RATE DEFINED BENEFIT PLANS DEFINED BENEFIT SCHEMES DEFINED CONTRIBUTIONS DISCOUNT RATE EARLY RETIREMENT EMPLOYMENT EMPLOYMENT OUTLOOK FINANCIAL INCENTIVES GROSS REPLACEMENT RATE INVESTMENT RETURNS JOBS LABOR MARKET LIFE EXPECTANCY LIFETIME EARNINGS MANDATORY RETIREMENT OLDER WORKERS PENSION COSTS PENSION FORMULA PENSION PLANS PENSION REFORM PENSION REFORMS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSION WEALTH PENSIONERS PENSIONS PERSISTENT UNEMPLOYMENT PRESENT VALUE PRIVATE PENSION PRIVATE PENSION SYSTEMS PUBLIC FINANCES REPLACEMENT RATE REPLACEMENT RATES RETIREES RETIREMENT RETIREMENT AGE RETIREMENT AGES RETIREMENT DECISION RETIREMENT INCOME RETIREMENT INCOME SYSTEMS RETIREMENT SAVINGS SAVINGS PLANS SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SOCIALIST COUNTRIES TAX RATE TAX TREATMENT UNEMPLOYED UNEMPLOYMENT YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATES World Bank Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
relation	World Bank Pension Reform Primer Series
description	This edition of the Pension Reform Primer examines the global trend in early retirement among rich and poorer countries, the reasons for people retiring early, the burden of early retirement on the pension system, recent policy initiatives to promote employment of older workers, and people's responses to incentives. The paper notes there is a clear relationship between early retirement and incentives in the pension system, a result confirmed by other international studies and by more detailed econometric analysis of individual countries' systems. It finds that retirement depends on many other factors, such as individual health or the level of unemployment. But financial incentives in the tax and pension system have important effects on the retirement deciosion.
format	Publications & Research :: Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
title_short	Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
title_full	Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
title_fullStr	Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
title_full_unstemmed	Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?
title_sort	retirement : can pension reform reverse the trend to earlier retirement?
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2000/01/6323981/retirement-can-pension-reform-reverse-trend-earlier-retirement-retirement-can-pension-reform-reverse-trend-earlier-retirement http://hdl.handle.net/10986/11444
_version_	1764416754167054336

Retirement : Can Pension Reform Reverse the Trend to Earlier Retirement?

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