Cover; Half Title; Title; Copyright; Dedication; Contents; List of Tables and Figures; Preface; Introduction; 1 THE NEW ECONOMIC ENVIRONMENT AND ITS IMPACT ON RETIREMENT INCOME PROVISION.; The Social Security Cost ""Crisis; The Pension System-Stability or Change?; Reacting to Demographic Change; Continuing Inflation; A Critical Problem with Private Pensions; Notes; References; Acknowledgments; 2 BARRIERS TO WORK IN OLD AGE: A REVIEW OF THE AMERICAN RETIREMENT SYSTEM.; Data; Mandatory Retirement Rules and Labor Supply; The Interaction of Mandatory Retirement and Pensions
The Value of Pension Plans and Social SecurityWage Earnings and Pension Benefits; Summary; Notes; 3 THE IMPORTANCE OF SOCIAL SECURITY AND PENSION RIGHTS IN THE WEALTH PORTFOLIOS OF OLDER AMERICANS.; Data and Methodology; The Importance of Retirement Income Rights; The Impact of Inflation on Retirement Income Wealth; Summary; Notes; References; Acknowledgments; 4 THE EFFECTS OF SOCIAL SECURITY WEALTH ON THE RESOLUTION OF UNEMPLOYMENT SPELLS OF OLDER MEN.; A Sketch of the Retirement Literature; Theoretical Model; Econometric Specification of the Model and Description of the Data
Stochastic ModelData; Results of the Empirical Analysis; The Potential Wage Equation; The Structural Reemployment Equation; Summary and Policy Implications; Notes; References; Acknowledgments; 5 MACROECONOMIC ASPECTS OF THE TRANSITION TO ZERO POPULATION GROWTH.; The Lifestyle Optimization Problem for an Individual Household; A Micromodel of Lifestyle Choice; Revision of the Household's Consumption Plan; Expectations Formation; An Economic-Demographic Macromodel; Population; Labour Force and Employment; Production; Income and Factor Returns; Private Consumption and Savings
Wealth and InheritanceInvestment and Capital Stock; Government Consumption and Taxes; Simulation with the Macromodel; The Experiments: Simulations of the Transition to Zero Population Growth; Summary and Conclusions; Notes; References; Appendix A; Acknowledgments; 6 REMUNERATIVE ISSUES IN THE DECISION TO RETIRE.; The Value of Work; Age-Related Impacts on the Value of Work; Fringe Benefits; Retirement Income; Discussion; Survey Findings; Social Security; Employer Policies; Conclusion; References; Acknowledgments; 7 INCOME CHARACTERISTICS OF THE EUROPEAN ETHNIC ELDERLY: 1960-1970.; Methods
SampleEthnic Categories; Variable Definition; Dependent Variables; Predictor Variables; Results; 1960 Ethnic Groups; 1970 Ethnic Groups; Discussion; Notes; References; Acknowledgments; 8 FACULTY RETIREMENT AS AN ECONOMIC AND POLITICAL PROBLEM.; Why Someone is Fired; The Demand for Labor; The Supply of Labor; Personal Finance Factors; The Human Capital Aspect; The Age-Specific Demand for Faculty: Individual Discrimination; An Academy for Older Scholars; Acknowledgments; 9 INCENTIVES FOR EARLIER RETIREMENT: THE FINANCIAL FEASIBILITY SCENARIOS IN UNIVERSITY SETTINGS
Notes
An Overview of Financing the Personal Opportunity Program
