Income from work – the fourth pillar of income provision in old age

 

Gabriel H. Sahlgren, IEA, January 2014

 

The benefits of increasing labour participation rates in old age flow both to the individual – in terms of improved health and increased incomes – and to society as a whole as greater employment at older ages will reduce the costs of ageing populations. Furthermore, less government involvement through state pension schemes, disability insurance and employment regulation increases the ability of individuals to determine their own work and retirement patterns.

 

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