June 30, 2015

Later Retirement: The Win-Win Solution

March 27, 2012 – Peter Hicks

Over the coming two decades, people are likely to stay in the workforce much longer – by about five years – according to a report from the C.D. Howe Institute. In “Later Retirement: The Win-Win Solution,” author Peter Hicks finds  there will be a strong trend towards later retirement by babyboomers as a result of social and economic pressures, without any policy action by government to raise retirement levels. Delaying work-retirement transitions by five years would have large, positive economic and fiscal effects, the author reports, reducing pressures on growth, government finances and pension funding. Other gains in social well-being appear likely, if harder to quantify.

For the report go to: http://www.cdhowe.org/pdf/Commentary_345.pdf

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