<OL><LI>In 1998, the OECD issued a report, <I>Maintaining Prosperity in an Ageing Society</I>, on the widespread policy implications of ageing. This study is a background paper for one of the follow-up studies, <I>Ageing and Income: Financial Resources and Retirement in Nine OECD countries</I>, which was published by...</i></i></li></ol>

Ageing involves not one but several transitions. People move from working to not working, from relying upon labour income to relying on transfers. They also tend to live in smaller households, not only because any children will have moved away but also because, at some stage, a spouse dies....