Introduction and Summary

Jonathan Gruber, Kevin Milligan and David A. Wise

in Social Security Programs and Retirement around the World

Published by University of Chicago Press

Published in print October 2007 | ISBN: 9780226310176
Published online February 2013 | e-ISBN: 9780226310008 | DOI:
Introduction and Summary

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Several years ago an international project was initiated to study the relationship between social security program provisions and retirement. Under pay-as-you-go social security systems, most developed countries have made promises they cannot keep. The systems in their current forms are not financially sustainable. What caused the problem? This volume presents the results of analyses of the relationship between the labor force participation of older persons and the labor force participation of younger persons in twelve countries. This is the fourth phase of the ongoing project. This introductory chapter summarizes the collective results of the country analyses.

Keywords: social security; retirement; developed countries; labor force participation

Chapter.  12018 words.  Illustrated.

Subjects: Public Economics

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