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The Link Between Active Aging And Retirement Age

Author

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  • Mihai Robert, PAŞNICU

    (Brown University, US)

Abstract

The paper aims to shed light on the policies and consequences of the current retirement age in Romania. The retirement age has been repeatedly incremented in Romania in the last couple of years in order to try to compensate for the fact that the country has a low general employment rate, only 30% of the population, while having 20% of the total population aged 65+. By using an econometric model we will first prove the existence of an optimal retirement age that might vary for each and every one of us, after which we will explore different possibilities of exploiting this information in order to improve the current retirement programs. Mainly, we will look at the possible solution of eliminating the mandatory retirement age in certain work sectors through a comparison analysis.

Suggested Citation

  • Mihai Robert, PAŞNICU, 2014. "The Link Between Active Aging And Retirement Age," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 5(4), pages 21-27.
    • Handle: RePEc:ris:sphecs:0201
    as

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    References listed on IDEAS

    as
    1. Göbel, Christian & Zwick, Thomas, 2010. "Which personnel measures are effective in increasing productivity of old workers?," ZEW Discussion Papers 10-069, ZEW - Leibniz Centre for European Economic Research.
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    More about this item

    Keywords

    retirement age; econometric model; active aging; policies;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • 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

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