To a backdrop of ageing societies, pension crises and labour market reforms, this book investigates how the policy shift from early retirement to active ageing has affected individual retirement behaviour. Focusing on eleven European countries, the United States and Japan, it brings together leading international experts to analyze recent changes in pension systems. Their findings demonstrate that there has been a fundamental transition in pension policies and a steep increase in older workers’ retirement ages and employment rates. Yet changes in retirement behavior are not evenly distributed across all societal strata. This raises the serious concern that an overall rise in the retirement age will be accompanied by the re-emergence of social inequality in the transition from work to retirement. This innovative edited collection will appeal to students and scholars of sociology, economics, political science, human resources management, gerontology and social policy, and also to policy-makers and professionals dealing with older workers.

Dealing directly and exclusively with the issue of older workers, this book brings together up-to-the minute research findings by many of the leading researchers and writers in the field exploring key issues that will influence public policy in the UK and beyond.

The United Nations World Assembly on Aging has made advancing health and well-being into old age a worldwide call for action. And this text at hand shows us what researchers worldwide are doing to answer that call. Here, three of America's most esteemed experts on aging lead a global team of contributors - each an expert in his or her country - to show us what the top challenges of each nation are, and what top research is being done there to meet those. While we cannot predict with absolute certainty all of the issues that will arise over the next 20 years, we can anticipate some and we must start now to prepare for these challenges, an expert from the U.S. Department of Health and Human Services warned at a recent UN World Assembly on Aging. Needed response to the global population shift is not just the responsibility of governments, but will be a product of wise, long-term decisions made by individuals and societies, she explained. In most nations globally, populations are graying and the number of people aged 65 and older is vastly increasing, creating a larger segment of senior citizens than the world has ever before seen. Across human history, the elderly accounted for no more than 3 percent of the world population. By the year 2030, the elderly are expected to make up about 25 percent of the world population. And while longevity is of course seen as a great success, longer lifespan for such masses also creates dilemmas. For example, the incidence of dementia has already increased significantly with an 11-fold increase in people aged 65 and older in the US since the turn of the century, and a similar increase in aged people in Scotland has researchers there scrambling to find treatments for what they expect will be a 75 percent increase in dementia over the next 25 years. Chronic diseases that come with aging are already taxing health care systems in the US and around the world to Japan, with most experts aware their current health systems would be overrun and lack enough staff and facilities to handle the needs of an elderly population multiplying largely in the coming two decades. Increases in psychological issues such as dealing with the depression often striking aged people are impending, too, as are social issues such as how families, and public policies, will deal with the changing shape of the family.

. . . the book can be recommended to all with an interest in the issue of older workers in a globalised world. Ageing and Society Early retirement has been a policy to cope with the problems of massive unemployment in many Western welfare states. However, it has become apparent that this strategy is costly and destroys human capital urgently needed in ageing societies. This book offers a comprehensive and up-to-date study of late-career patterns and processes of early retirement in fourteen OECD countries, using both cross-sectional and longitudinal data. It is an important contribution to life-course research and will provide the foundation for any serious discussion on pension reforms and increasing the employability of older workers. Hans-Jürgen Andreß, University of Cologne, Germany This timely book investigates the growth of the early retirement trend and its varying spread among different groups of older workers in fourteen modern societies. It argues for a differentiated political approach to reverse early retirement, which relies on both pension and employability policies for older workers. Examining the early retirement trend virtually all modern societies have been faced with since the onset of the globalization process in the 1970s and 1980s, this book provides a thorough analysis of older workers late careers and their retirement transitions, as well as explaining why this trend has developed differently between nations. To promote an effective reversal of the early retirement trend, national policymakers are advised not to concentrate their efforts exclusively on reducing the financial incentives for an early exit still present in most national pension systems. In addition, it is also recommended that they invest in the employability of older workers, implying a thorough reconsideration of the design of education and labor market policies. Dirk Hofäcker presents a unique and comprehensive synthesis of theories describing and explaining the trend towards early retirement, and critically discusses their comparative advantages and shortcomings. Researchers and students of sociology, economics, gerontology, demography and comparative welfare states should not be without this book and policymakers and practitioners dealing with labor market policies will find it invaluable.

Bringing together contributions from leading labour market policy scholars from across the globe, this state-of-the-art Handbook offers extensive and compelling analyses of labour market policy in advanced democracies. This title contains one or more Open Access chapters.

Around the world, pension reform remains at the center of public debate. Its social, fiscal, and macroeconomic implications confront policy makers, practitioners, and academia with challenging questions. Pension systems in aging societies--in need of reform and further stressed by the pressures of globalization--require parallel reforms of the labor market and effective lifelong learning, not only to promote working longer, but to ensure that people can actually do so. At the same time, the working population should be motivated to contribute to pension schemes and prepare for old age. Diversify.

"This paper reviews the public pension schemes and the pension models used for the projections carried out by the Economic Policy Committee and the European Commission on age-related expenditure in 2005. The pension schemes are described as they were in force in 2005, including the effects of pension reforms enacted by mid-2005 even though the implementation of reforms would occur over a longer period of time (...) This paper aims at contributing to the comparability of the pension projections across Member States and to make the projections transparent and better understandable through country-specific descriptions of the pension systems and the models used for the projection exercise."--Page 1.