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Life expectancies are rapidly increasing and uncertain in all countries in Europe. To keep pension systems affordable, policy reforms are to be implemented which will encourage individuals to work longer. In this paper we analyze the impact of working and living longer on pension incomes in five...
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educational attainment. About 1 percentage point is attributable to changes in statutory retirement ages, although part of the … reason these effects are not larger is that in most countries, statutory retirement ages have not kept pace with life … retirement pathways through unemployment or disability schemes has been a major factor in the turnaround in the participation …
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