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International perspectives on early retirement
Author(s)Tryggvi Thor Herbertsson
Journal titleGenerations Review, vol 13, no 1, January 2003
Pagespp 4-9
KeywordsEarly retirement ; Labour economics ; International.
AnnotationLabour force participation in industrialised countries has been in decline for some 20 years. This is especially true for older workers. In response to high unemployment, many countries expanded early retirement schemes in the 1980s. Despite the common trend towards early retirement, however, labour market participation rates differ significantly across OECD countries. These differences are important for policy makers to the extent that their causes are rooted in economic policy and structure rather than in cultural and environmental factors. In the light of these differences, this paper attempts to summarise and discuss alternative theories as to why people retire early, and how early retirement programmes came about, in order to better understand the roots of the problem. (RH).
Accession NumberCPA-030416001 A
ClassmarkG5M: WH: 72

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