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 Hofacker 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.
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