Theoretical Perspectives on the Role of Retirement Transition in Socioeconomic Stratification at Older Ages

Retirement transition plays a key role in social stratification structures in later life. On the one hand, the retirement process is embedded in social structures, and the pre-retirement position influences the form of exit individuals can follow. On the other hand, the quality of the retirement transition affects an individual's post-retirement position. This article explore the role of retirement transition for the socioeconomic structure in later life. 

Is the trust that participants have in their pension fund affected by its funding ratio (i.e., asset/liabilities ratio)? Based on survey, carried out in October 2021, among Dutch pension fund participants we link our survey data to the funding ratio of their pension fund as registered by the pension regulator.

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment.

Participants’ trust in pension intstitutions (pension funds and government) is crucial because pension providers try to fulfil their pension promises in a fundamentally uncertain world. Therefore, buffers are necessary to cover shocks, like the Great Recession, in order to make good on those promises.

As governments try to contain rising expenditure on retirement pensions by increasing eligibility ages, there are concerns that such reforms disproportionately affect poorer households. Using detailed longitudinal data, I examine this trade-off in the context of an Australian reform that increased women’s pension-eligibility age from 60 to 65.

Det ble i 2020 innbetalt i overkant av 104 milliarder kroner til livsforsikrings- og pensjonsprodukter hos medlemmene i Finans Norge. På samme tid i 2019 var innbetalt premie på 109 milliarder kroner og i 2018 på 100 milliarder kroner.

Trygdedrøftingene 2021 markerer slutten på et reguleringsregime som har gitt pensjonistene usedvanlig dårlig uttelling i mange år. Regjeringen Solbergs hardnakkede motstand mot å endre måten det skal underreguleres på ble i forkant av årets trygdeoppgjør nedkjempet av Stortinget.

There are two major barriers to increasing employment of older workers. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several countries have in place various labour market institutions that encourage early retirement, such as exceptional entitlements or looser criteria for unemployment and disability benefits applied to older individuals.

Choice is a vital element in the design of a pension system. This study shows that there is considerable appetite for having options in the accumulation phase.