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Retirement Policy in a Post-Covid World

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  • Arapakis, Karolos
  • French, Eric

Abstract

In this paper we evaluate the challenges of funding retirement in the aftermath of the Covid pandemic. We first show that the pandemic had only modest effects on life expectancy and employment. These effects were small relative to longer term trends. Nevertheless, they worsened pension funding problems, highlighting the need for future pension reforms. Next, we highlight key evidence on how labor supply responds to pension reforms. Evidence suggests that incentivising later retirement can reduce pension deficits.

Suggested Citation

  • Arapakis, Karolos & French, Eric, 2025. "Retirement Policy in a Post-Covid World," CEPR Discussion Papers 20739, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:20739
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    File URL: https://cepr.org/publications/DP20739
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    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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