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| Author | : Christian E. Weller |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2010 |
| Genre | : Baby boom generation |
| ISBN | : 9780415589031 |
This book brings together a number of influential researchers whose work is focused on economic policies and their impacts on retirement income security. This book was published as a special issue of the Journal of Aging and Social Policy.
| Author | : Courtney Coile |
| Publisher | : Brookings Institution Press |
| Total Pages | : 188 |
| Release | : 2010 |
| Genre | : Business & Economics |
| ISBN | : 0815704992 |
"Examines effects of the 2008-09 financial downturn on all workers with particular attention to low-income older workers who stand to suffer the most, often retiring early because of lack of work; discusses the real effects of the stock market decline, falling house prices, and stagnant job market"--Provided by publisher.
| Author | : Alicia Haydock Munnell |
| Publisher | : |
| Total Pages | : 24 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
| Author | : Raimond Maurer |
| Publisher | : Oxford University Press |
| Total Pages | : |
| Release | : 2012-09-27 |
| Genre | : Business & Economics |
| ISBN | : 0191636304 |
The worldwide financial crisis has wrought deep changes in capital and labor markets, old-age retirement systems, and household retirement and consumption patterns. Confidence has been shaken in both the traditional defined benefit and defined contribution plans. Around the world, plan sponsors, fiduciaries, policymakers, and households have gained a new awareness of retirement risk. When pressed to reform post-crisis, many would recommend enhancing financial advice for plan participants, emphasizing flexibility and the positive effect of working another one or two years to make up for investment losses in the downturn. Adding to this is the continuing need for financial education, essential as the retirement system moves increasingly toward personal account pensions. Perhaps most important of all is the need for greater understanding of risk throughout the retirement security system, along with new approaches to re-engineering retirement pensions. This volume explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans resulting from the financial crisis. It aims to rethink retirement in the new economic era, including the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.
| Author | : Nelson H. Cruikshank |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 1970 |
| Genre | : Old age pensions |
| ISBN | : |
| Author | : Alicia H. Munnell |
| Publisher | : Rowman & Littlefield |
| Total Pages | : 218 |
| Release | : 2009-10-01 |
| Genre | : Business & Economics |
| ISBN | : 0815701454 |
Daily headlines warn American workers that their retirement years may be far from golden. The main components of the retirement income system—Social Security and employer-provided pensions and health insurance—are in decline while the amount of income needed for a comfortable retirement continues to rise. In Working Longer, Alicia Munnell and Steven Sass suggest a simple solution to this problem: postponing retirement by two to four years. By following their advice, the average worker retiring in 2030 can be as well off as today's retirees. Implementing this solution on a national scale, however, may not be simple. Working Longer investigates the prospects for moving the average retirement age from 63, the current figure, to 66. Munnell and Sass ask whether future generations will be healthy enough to work beyond the current retirement age and whether older men and women want to work. They examine companies' incentives to employ older works and ask what government can do to promote continued participation in the workforce. Finally, they consider the challenge of ensuring a secure retirement for low-wage workers and those who are unable to continue to work. The retirement system faces very real challenges. But together, workers, employers, and the government can keep this vital piece of the American dream alive.
| Author | : Olivia S. Mitchell |
| Publisher | : Oxford University Press |
| Total Pages | : 334 |
| Release | : 2024-01-07 |
| Genre | : Business & Economics |
| ISBN | : 0198894155 |
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Growing awareness of real-world shocks including market downturns, health surprises, and labor market readjustment is calling into question the ability of global retirement systems to remain healthy and sustain future retirees. Financial and labor market stresses are shaping how older workers fare as they head into retirement, and how younger workers must prepare financially for their futures. These shocks come on top of long-standing concerns surrounding rising longevity, along with the adequacy and sustainability of public and private benefit systems. This volume explores how these challenges will drive the need for new policy drawing on perspectives of senior and new researchers to the field, as well as exciting new datasets.
| Author | : National Research Council |
| Publisher | : National Academies Press |
| Total Pages | : 52 |
| Release | : 2011-06-16 |
| Genre | : Social Science |
| ISBN | : 0309209692 |
The economic crisis that began in 2008 has had a significant impact on the well-being of certain segments of the population and its disruptive effects can be expected to last well into the future. The National Institute on Aging (NIA), which is concerned with this issue as it affects the older population in the United States, asked the National Research Council to review existing and ongoing research and to delineate the nature and dimensions of potential scientific inquiry in this area. The Committee on Population thus established the Steering Committee on the Challenges of Assessing the Impact of Severe Economic Recession the Elderly to convene a meeting of experts to discuss these issues. The primary purpose of the workshop was to help NIA gain insight into the kinds of questions that it should be asking, the research that it should be supporting, and the data that it should be collecting. Attendees included invited experts in the fields of economics, sociology, and epidemiology; staff from NIA and the Social Security Administration (SSA); and staff from the National Academies. This report highlights the major issues that were raised in the workshop presentations and discussion.
| Author | : Olivia Mitchell |
| Publisher | : Oxford University Press |
| Total Pages | : 305 |
| Release | : 2020-10-24 |
| Genre | : Business & Economics |
| ISBN | : 019263755X |
Around the world, people nearing and entering retirement are holding ever-greater levels of debt than in the past. This is not a benign situation, as many pre-retirees and retirees are stressed about their indebtedness. Moreover, this growth in debt among the older population may render retirees vulnerable to financial shocks, medical care bills, and changes in interest rates. Contributors to this volume explore key aspects of the rise in debt across older cohorts, drill down into the types of debt and reasons for debt incurred by the older population, and review policies to remedy some of the financial problems facing older persons, in the US and elsewhere. The authors explore which groups are most affected by debt and identify the factors producing this important increase in leverage at older ages. It is clear that the economic and market environment is influential when it comes to saving and debt. Access to easy borrowing, low interest rates, and the rising cost of education have had significant impacts on how much people borrow, and how much debt they carry at older ages. In this environment, the capacity to manage debt is ever more important as older workers lack the opportunity to recover from mistakes.
| Author | : Panel on Retirement Income Modeling |
| Publisher | : National Academies Press |
| Total Pages | : 288 |
| Release | : 1996-08-13 |
| Genre | : Social Science |
| ISBN | : 0309589533 |
This book brings together in one volume what researchers have learned about workers, employers, and retirees that is important for formulating retirement income policies. As the U.S. population ages, there is increasing uncertainty about the solvency of the Social Security and Medicare systems and the adequacy of private pensions to provide for people's retirement needs. The volume covers such critical behaviors as workers' decisions to retire, people's choices of saving over consumption, and employers' decisions about hiring older workers and providing pension and health care benefits. Also covered are trends in mortality, health status, and health care costs that are key to projecting the likely costs and effects of alternative retirement income security policies and a strategy for combining data and research knowledge into a policy modeling framework.
