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Later Retirement: The Win-Win Solution
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Citation | . 2012. "Later Retirement: The Win-Win Solution". Research. Toronto: C.D. Howe Institute |
Page Title: | Later Retirement: The Win-Win Solution – C.D. Howe Institute |
Article Title: | Later Retirement: The Win-Win Solution |
URL: | https://cdhowe.org/publication/later-retirement-win-win-solution/ |
Published Date: | March 27, 2012 |
Accessed Date: | March 24, 2025 |
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Over the coming two decades, people are likely to stay in the workforce much longer – by about five years – according to a report from the C.D. Howe Institute. In “Later Retirement: The Win-Win Solution,” author Peter Hicks finds there will be a strong trend towards later retirement by babyboomers as a result of social and economic pressures, without any policy action by government to raise retirement levels. Delaying work-retirement transitions by five years would have large, positive economic and fiscal effects, the author reports, reducing pressures on growth, government finances and pension funding. Other gains in social well-being appear likely, if harder to quantify.
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