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Early retirement --- Préretraite

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Early retirement --- Early retirement --- Early retirement --- Préretraite --- Préretraite --- Préretraite --- Social aspects --- Cross-cultural studies. --- Mathematical models. --- Aspect social --- Etudes transculturelles --- Modèles mathématiques

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During the 1980s the news media were filled with reports of soaring unemployment as 'downsizing' and `restructuring' became the new buzzwords. Firms managed their workforce reduction by increasing the attractiveness of their pension plans-especially their early-retirement plans. In this volume, the authors examine the U.S. auto industry and present a full-scale analysis of the work and retirement decisions of its workers. They address organizational context and the logic of financial incentives in employer-provided early retirement plans. The impact of pension provisions, layoffs, plant closures, attitudes about `generational equity', and other factors influencing the workers' evaluation of the optimum time to end their careers in the auto industry are explored.

Automobile industry workers --- Early retirement --- Retirement --- Automobile industry workers -- Retirement -- United States. --- Early retirement -- United States -- Case studies. --- Business. --- Management science. --- Political science. --- Population. --- Sociology. --- Business and Management. --- Business and Management, general. --- Political Science. --- Population Economics. --- Sociology, general.

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Labour market --- Sociology of work --- Social policy and particular groups --- Brugpensioen --- Early retirement --- Pensioen [Brug] --- Prépension --- Retraite anticipée --- Vervroegd pensioen --- Vervroegde pensionering --- Préretraite --- Government policy --- Politique gouvernementale --- #SBIB:316.334.2A85 --- #SBIB:316.334.2A343 --- #SBIB:001.HIVA --- #SBIB:014.GIFTSOC --- #A9301A --- AA / International- internationaal --- 332.832 --- 332.630 --- Bijzondere arbeidsproblemen: opruststelling en pensioen --- Arbeidssociologie: ongelijkheden op de arbeidsmarkt: positie van jongeren en ouderen op de arbeidsmarkt --- Pensioen. Brugpensioen. --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid. --- Early retirement. --- Government policy. --- Préretraite --- Retirement, Early --- Retirement --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid --- Pensioen. Brugpensioen --- Early retirement - Government policy.

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Mandatory pension systems play a major role in individual savings and labor supply decisions. In particular, it is well known that defined benefit pension schemes, which are not actuarially fair, can create incentives for early retirement and therefore reduce labor supply and the stock of human capital in a given country. This is an important policy issue in middle-income countries, with still low participation rates in the labor force, where the "window" opened by the demographic transition is already closed or will close in the near future. In these countries, policies to stimulate private sector growth, competitiveness, and employment creation should be accompanied by policies that increase labor force participation, raising the ratio of active to inactive population and therefore the potential for higher income per capita growth. Unfortunately, the analytical tools developed to assess pension reform options tend to focus on the financial sustainability of the schemes and the adequacy of benefits. Little attention is given in practice to the social costs imposed by distortions on the supply of labor. In part, this is given by the lack of analytical tools that, in the context of limited information regarding individual preferences and behavior, can be used to assess the magnitude of these distortions. This paper develops methodologies that can bridge the gap between economic theory and the practices of pension policy personnel under conditions of deep uncertainty regarding the variables driving individual behavioral responses to policy changes. First, the paper develops an indicator to predict the age-specific retirement probabilities induced by a particular pension system, given heterogeneous individual preferences over risk, consumption, and leisure. The paper then describes how this indicator can be used to project the size of the labor force by gender, age and skill level and therefore the dynamics of human capital accumulation. The integration of these two analytical tools allow us to show the impact of a particular pension reform proposals on the dynamics of labor supply, human capital and, given the dynamics of capital and total factor productivity, economic growth. Furthermore, the paper develops a set of life-cycle income measures for typical individual paths that allow us to measure the contribution of segmented pension schemes to the segmentation of the labor market. The methods are applied to the case of Morocco.

Debt Markets --- Early retirement --- Employment --- Finance and Financial Sector Development --- Human Capital --- Labor force --- Labor force participation --- Labor market --- Labor Markets --- Labor markets --- Labor Policies --- Labor Supply --- Pensions and Retirement Systems --- Private sector --- Social Protections and Labor --- Total factor productivity