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The Impact of (In)Stability of Pension System on Retirement Timing

Macro-Level Analysis Based on 'Certainty Effect

Bibliographic Data

ID2116455
AuthorsŁukasz Jurek (0000-0002-0078-471X, Wroclaw University of Economics and Business, corresponding author)
Year2025
Volume54
Issue3
Pages1-21
Publication date2025-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Social Policy (JOURNAL)
Journal identifiersISSN: 0047-2794 • E-ISSN: 1469-7823
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s004727942300020x
OpenAlexW4379881452
LanguageEN
References cited30

Retirement timing is an issue of great political importance these days. Policy-makers develop various initiatives encouraging workers to postpone retirement beyond the statutory retirement age. This effort brings, however, just minimal outcomes. Although increasing opportunities and abilities to work in old age, in some countries people tend to retire as soon as it is possible. In economic terms, they make suboptimal (irrational) decisions

Actuarial science · Certainty · Economics · Irrational number · Labour economics · Macro · Pension · Political science · Retirement age · Statutory law · Work (physics) · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Law · Retirement, Disability, and Employment

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