Ageing and Income [electronic resource]: Financial Resources and Retirement in 9 OECD Countries /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co operation and DevelopmentContent Provider
Organisation for Economic Co-operation and DevelopmentContent Provider
Paris : OECD Publishing,
2001.
This landmark study of the material well-being of older people in nine OECD countries -- Canada, Finland, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom and the United States -- uses a wealth of new data to shed light on the challenges that face policy-makers as they anticipate the coming retirement of the baby-boom generation. The findings are often surprising. In all the countries surveyed, policies have been fundamentally successful: older people at all income levels tend to maintain or even increase their material standards of living once they stop working. This happens despite large differences in approaches to public policy, including the size of public pensions. The systems that provide resources to older people are considerably more complex than is usually taken into account in policy-making, and the effects of policy, while large, are less direct than often thought. Demography and changing labour market patterns make reforms to these systems imperative. The challenge is to make needed changes without undermining past success. This is difficult, but entirely possible; the payoffs from relatively small changes in the balance between work and retirement could be particularly large. The study examines the many diverse ways in which the nine countries are tackling this challenge and the lessons that have been learned from their experiences. It provides invaluable evidence for policy-makers, researchers and citizens concerned about the challenges posed for societies by ageing populations.
Description based upon print version of record.
Foreword; Table of Contents; Chapter 1. Summary and Key Points; 1.1. Structure of the report; 1.2. The economic well-being of older people: a success story; 1.3. The three challenges; 1.4. Country-specific conclusions; Part I. Convergent Outcomes, Divergent Means; Chapter 2. The Resources of Older People: Complex Systems and Successful Outcomes; Chapter 3. The Determining Role of Public Policy; Chapter 4. The Need for Reform; Part II. A Comparaison of Policy Responses to Key Retirement Income Challenges; Chapter 5. Reforms to Re-balance Work and Retirement
Chapter 6. Responses to the Challenge of Balanced Resources in RetirementChapter 7. Maintaining Economic Well-being and Protecting the Vulnerable; Chapter 8. Conclusion - Lessons about Reform Strategies; Bibliography; Annexes; Annex I. Main features of the retirement income systems in the nine countries; Annex II. Retirement Incentives; Annex III. Statistical Annex
Includes bibliographical references (pages 147-150).
This landmark study of the material well-being of older people in nine OECD countries -- Canada, Finland, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom and the United States -- uses a wealth of new data to shed light on the challenges that face policy-makers as they anticipate the coming retirement of the baby-boom generation. The findings are often surprising. In all the countries surveyed, policies have been fundamentally successful: older people at all income levels tend to maintain or even increase their material standards of living once they stop working. This happens despite large differences in approaches to public policy, including the size of public pensions. The systems that provide resources to older people are considerably more complex than is usually taken into account in policy-making, and the effects of policy, while large, are less direct than often thought. Demography and changing labour market patterns make reforms to these systems imperative. The challenge is to make needed changes without undermining past success. This is difficult, but entirely possible; the payoffs from relatively small changes in the balance between work and retirement could be particularly large. The study examines the many diverse ways in which the nine countries are tackling this challenge and the lessons that have been learned from their experiences. It provides invaluable evidence for policy-makers, researchers and citizens concerned about the challenges posed for societies by ageing populations.
Old age pensions
Retirement income
Older people