Download Aging in Comparative Perspective: Processes and Policies by Ian Gillespie Cook, Jamie Halsall PDF

By Ian Gillespie Cook, Jamie Halsall

This booklet examines the most important getting older approaches in seven international locations (United States, uk, Sweden, Japan, China, Nepal, and South Africa) and the most rules which were, and are being, constructed to accommodate this speedy switch within the demographic profile. It addresses the issues which are pointed out in addition to the positive factors of getting older inside of each one of those contrasting societies. therefore it makes an important contribution to the main debates approximately growing older around the globe.

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Extra info for Aging in Comparative Perspective: Processes and Policies

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The country is politically stable, with high employment and participation rates and remarkably low levels of labor conflict. A high level of economic and gender equality, as well as substantial public support for the creation and preservation of human capital …[gives Sweden] dynamic advantages (Thakur, Keen, Horvath, & Cerra, 2003, pp 2–3). ” This leads to disincentives in their view against further economic progress. Now, these are IMF employees, and the IMF is noted for its promotion of economic policies that generally seek to reduce the role of the public sector.

To ensure true freedom of choice for the individual saver, the number of funds must not be too limited. For those who do not choose a fund, the capital is placed in a generation fund in the Seventh AP Fund, which, unlike the other AP funds, is thus not part of the buffer fund for the income pension system. , p. 18). 1 Orange envelope example for 2009, average Swede’s envelope for basic income pension Changes in your pension account for income person during 2008 SEKa Value 2007-12-31 639,035 Pension credit added for 2007 28,956 Inheritance gain 1,987 Charge for administrative costs −156 Change in value 40,140 Value 2008-12-31 689,622 Source: Abelson et al.

To be eligible for any guarantee pension at all requires at least 3 years of residence. , p. 21, our italics). People have the right to retire at aged 67 (it was 67 until 1976 when it was reduced to 65, but then once again became 67 in 1994), but can retire earlier. If they keep working after this age they can add to their pension pot up to the set ceiling, but can retire earlier from 61 years if they wish to do so. So these reforms seek the best of all possible worlds: a compulsory basic system that is combined with a premium reserve within which the individual has choice of investment.

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