Longevity policy : facing up to longevity issues affecting social security, pensions, and older workers
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| Main Author: | |
|---|---|
| Language: | English |
| Subjects: | |
| Physical Description: | x, 159 pages ; 24 cm |
| Bibliography: | Includes bibliographical references (pages 135-148) and index. |
| Published: |
Kalamazoo, Mich. :
W.E. Upjohn Institute for Employment Research,
2011.
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| ISBN: | 9780880993777 (pbk. : alk. paper) 0880993774 (pbk. : alk. paper) 9780880993784 (hbk. : alk. paper) 0880993782 (hbk. : alk. paper) |
Table of Contents:
- The policy challenges of increasing longevity: paying the costs of living longer
- Life-expectancy increases
- This book
- Five policy recommendations
- Conclusions
- Pt. 1. Labor market policy toward older workers
- Can older workers extend their work lives? Changes in health and job requirements
- Why work longer?
- Health indicators affecting the ability to work at older ages
- Factors affecting health at older ages
- Ability to work at older ages
- The decline in physically demanding jobs
- Phased retirement and its relevance to raising the retirement age
- Vulnerable workers
- Public policy issues
- Conclusions
- Pt. 2. Social security policy
- Automatic adjustment mechanisms to maintain social security's solvency
- The problem
- Automatic adjustment mechanisms
- International experience with automatic adjustment mechanisms
- Comparing the options: the pros and cons
- Distributional consequences
- Indexing options for U.S. social security
- Conclusions
- Policy recommendations
- Raising the early retirement age
- Views on raising the early retirement age
- Comparable early retirement ages with increases in life expectancy
- Fairness
- An alternative to benefit cuts
- International experience
- Flexible normal retirement age
- Raising the maximum age for actuarial adjustment of benefits
- Policy recommendations
- Longevity insurance benefits
- An increasing risk of poverty with advancing age
- Longevity insurance
- Longevity insurance in the private sector and internationally
- Conclusions
- Policy recommendations
- Pt. 3. Pension policy
- Defined contribution plans: encouraging annuitization
- Policies encouraging workers to annuitize
- The use of information to affect behavior: education, framing, and advice
- Policy recommendations
- Defined benefit plans: flexibility to deal with increasing life expectancy
- Effect of life-expectancy increases on defined benefit plan costs
- Employer pension responses to increased worker longevity
- International survey
- A life expectancy-indexed DB plan
- Life-expectancy indexing of fixed ages in pension law
- Lump sum benefits in defined benefit plans
- Policy recommendations
- Pt. 4. Conclusion
- Policy recommendations
- Policy recommendations
- Conclusions.