Employer-provided pensions, incomes, and hardship in early transitions to retirement
Canada 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.
|Date of creation:||29 Apr 2013|
|Date of revision:||29 Apr 2013|
|Contact details of provider:|| Web page: http://www.clsrn.econ.ubc.ca/|
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- Frank T. Denton & Byron G. Spencer, 2008.
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Social and Economic Dimensions of an Aging Population Research Papers
231, McMaster University.
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- Gary V. Engelhardt & Jonathan Gruber, 2004. "Social Security and the Evolution of Elderly Poverty," NBER Working Papers 10466, National Bureau of Economic Research, Inc. Full references (including those not matched with items on IDEAS)
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