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Retirement age is i ncreasing in many c ountries

Retirement in Europe Annika Sundén Presentation at 16th Annual Meeting of the Retirement Research Consortium “Social Security and the Retirement Income System” August 8, 2014. Retirement age is i ncreasing in many c ountries.

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Retirement age is i ncreasing in many c ountries

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  1. Retirement in EuropeAnnika SundénPresentation at 16th Annual Meeting of the Retirement Research Consortium “Social Security and the Retirement Income System” August 8, 2014

  2. Retirement age is increasing in many countries

  3. Later retirement necessary to maintain level of benefits in Sweden

  4. Fewer claim benefits at 65 in Sweden

  5. Workers leave the labor force later in the Nordic countries

  6. And in the EU. But still below retirement age

  7. More older people are working but differences among countries remain

  8. Less focus on labor demand • Older workers report age discrimination more often than younger workers • Priority to strengthen financial incentives • Public awareness campaigns to encourage employers to hire older workers often only measure

  9. Conclusions • Increases in retirement age in most European countries • Several countries have introduced automatic adjustment to longevity • Average age of leaving the labor forces is moving up • Priority on financial incentives, less focus on labor demand • Challenges remain

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