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The Labor Consequences of Financializing Pensions

Teresa Ghilarducci ()

No 2017-05, SCEPA working paper series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: Income in retirement has become increasingly based on individual financial assets rather than from Social Security. Using OECD data, the authors show that the instability of financialized retirement systems is related to workers staying in the labor force longer than before, as well as higher rates of old age poverty.

Keywords: Pension Policy; Government Expenditure; Retirement; Individual Assets (search for similar items in EconPapers)
JEL-codes: H3 H55 J2 (search for similar items in EconPapers)
Date: 2017-05
New Economics Papers: this item is included in nep-age, nep-lma and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepawp:2017-04

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