Employer-provided pensions, incomes, and hardship in early transitions to retirement
AbstractCanada and other countries are changing the age of public pension eligibility. A policy concern that arises is the welfare of those exiting the labour force before the age of pension eligibility. This paper addresses the welfare implications of early retirements by examining who isnâ€™t working at older ages, how they form their incomes, and how those exiting the labour market early avoid low income. The paper finds that around three quarters of those not working are able to avoid low-income status. The most important factors for avoiding low income are other family income sources, good health, and employment-related pension income.
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Bibliographic InfoPaper provided by Vancouver School of Economics in its series CLSSRN working papers with number clsrn_admin-2013-24.
Length: 65 pages
Date of creation: 29 Apr 2013
Date of revision: 29 Apr 2013
Contact details of provider:
Web page: http://www.clsrn.econ.ubc.ca/
Benefits; Canada Pension Plan; Income Security; Low Income; Pension; Retirement; Seniors;
Find related papers by JEL classification:
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-11-22 (Economics of Ageing)
- NEP-ALL-2013-11-22 (All new papers)
- NEP-LMA-2013-11-22 (Labor Markets - Supply, Demand, & Wages)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Social and Economic Dimensions of an Aging Population Research Papers
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