Social Security and Retirement Around the World

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In nearly every industrialized country, the population is ageing rapidly and individuals are living longer, demographic trends have strained the financial viability of many countries' social security systems. The financial strain has been compounded by another trend: workers are leaving the labour force at increasingly younger ages. What accounts for this striking decline in labour force participation? One explanation is that social security programmes actually provide incentives for early retirement. This text houses a set ...

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