Research

Consequences of Financializing Pensions

March 9, 2017
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Income in retirement has become increasingly based on individual financial assets rather than from Social Security.

Using OECD data, the authors show that the instability of financialized retirement systems is related to workers staying in the labor force longer than before, as well as higher rates of old age poverty.

Authors: Teresa Ghilarducci and Amanda Novello
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