Introduction

Geneviève Reday-Mulvey

A chapter in Working Beyond 60, 2005, pp 1-7 from Palgrave Macmillan

Abstract: Abstract At the beginning of the twentieth century, pension schemes were set up to provide a replacement income during a well-deserved though short period of retirement (on average five years). After the Second World War, these schemes were substantially improved to provide more generous benefi ts over a longer period. At the time, however, nobody even dreamed of the extended life expectancy that we enjoy today — an expectancy that continues to rise.

Keywords: Early Retirement; Pension Scheme; Service Economy; Health Expectancy; Replacement Income (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50498-1_1

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DOI: 10.1057/9780230504981_1

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