facing up to longevity issues affecting social security, pensions, and older workers /
First Statement of Responsibility
John A. Turner
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Kalamazoo, Mich. :
Name of Publisher, Distributor, etc.
W.E. Upjohn Institute for Employment Research,
Date of Publication, Distribution, etc.
2011
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
x, 159 p. ;
Dimensions
24 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (p. 135-148) and index
CONTENTS NOTE
Text of Note
1. The policy challenges of increasing longevity: paying the costs of living longer : Life-expectancy increases ; This book ; Five policy recommendations ; Conclusions -- pt. 1. Labor market policy toward older workers. 2. Can older workers extend their work lives? Changes in health and job requirements : Why work longer? ; Health indicators affecting the ability to work at older ages ; Factors affecting health at older ages ; Ability to work at older ages ; The decline in physically demanding jobs ; Phased retirement and its relevance to raising the retirement age ; Vulnerable workers ; Public policy issues ; Conclusions --
Text of Note
Pt. 2. Social security policy. 3. Automatic adjustment mechanisms to maintain social security's solvency : The problem ; Automatic adjustment mechanisms ; International experience with automatic adjustment mechanisms ; Comparing the options: the pros and cons ; Distributional consequences ; Indexing options for U.S. social security ; Conclusions ; Policy recommendations -- 4. Raising the early retirement age : Views on raising the early retirement age ; Comparable early retirement ages with increases in life expectancy ; Fairness ; An alternative to benefit cuts ; International experience ; Flexible normal retirement age ; Raising the maximum age for actuarial adjustment of benefits ; Policy recommendations -- 5. Longevity insurance benefits : An increasing risk of poverty with advancing age ; Longevity insurance ; Longevity insurance in the private sector and internationally ; Conclusions ; Policy recommendations --
Text of Note
Pt. 3. Pension policy. 6. Defined contribution plans: encouraging annuitization : Policies encouraging workers to annuitize ; The use of information to affect behavior: education, framing, and advice ; Policy recommendations -- 7. Defined benefit plans: flexibility to deal with increasing life expectancy : Effect of life-expectancy increases on defined benefit plan costs ; Employer pension responses to increased worker longevity ; International survey ; A life expectancy-indexed DB plan ; Life-expectancy indexing of fixed ages in pension law ; Lump sum benefits in defined benefit plans ; Policy recommendations --