Sociological Spectrum, vol. 28, 2008, p. 213-233
Many of the Baby Boom generation (1946-1965) in the USA see it as their right to retire from work in their early to mid-sixties. This is unlikely to happen due to:
E. da Conceição-Heldt
Policy Studies, vol. 29, 2008, p. 19-34
Even governments supported by a large Parliamentary majority have had difficulty in moving pension reform from the political agenda into legislation. This article asserts that attempts to reform the popular pension system are subject to veto by powerful and politically organised trade unions, with which governments will not risk conflict. It is also demonstrated that governments are more likely to pass legislation implementing unpopular reforms early in their mandates, since they enjoy greater freedom of legislative manoeuvre during the first two and a half years of a legislative parliament.
J. Gruber and D. A. Wise (editors)
London: University of Chicago, 2007
The future of retirement pensions is troubled, both in the United States and in most other developed countries with aging populations. As improvements in health care and changes in life styles enable retirees to live longer than ever before, the stress on national budgets will increase substantially. In this book, experts in many countries examine the consequences of reforming retirement benefits in a dozen nations. Drawing on the work of an international group of economists, the book argues that pension programmes provide strong incentives for workers to leave the labour force by retiring and taking the benefits to which they are entitled. By penalizing work, pension systems magnify the increased financial burden caused by aging populations, thus contributing to the insolvency of the system.