Late-career Risks in Changing Welfare States

Motivated by debates about welfare state retrenchment and growing economic insecurity, this book takes a closer look at the situation of older workers in Germany and the US. It first provides an in-depth account of country differences in key social programs - and of crucial changes since the 1980s....

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Bibliographic Details
Main Author: Heisig, Jan Paul (auth)
Format: Book Chapter
Published: Amsterdam University Press 2015
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Online Access:Get Fullteks
DOAB: description of the publication
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100 1 |a Heisig, Jan Paul  |4 auth 
245 1 0 |a Late-career Risks in Changing Welfare States 
260 |b Amsterdam University Press  |c 2015 
300 |a 1 electronic resource (336 p.) 
506 0 |a Open Access  |2 star  |f Unrestricted online access 
520 |a Motivated by debates about welfare state retrenchment and growing economic insecurity, this book takes a closer look at the situation of older workers in Germany and the US. It first provides an in-depth account of country differences in key social programs - and of crucial changes since the 1980s. To better understand the impact of these changes on the lives of ordinary citizens, the second part of the book uses household panel data to examine the changing financial consequences of late-career job loss and retirement. Income losses due to men's retirement have grown in both countries, consistent with gradual declines in the generosity of public pension schemes and other public programs. In the US, income trajectories have also become more heterogeneous, with more workers suffering very large income losses and having low income after retirement. Changes in employer-sponsored pensions, in particular the rise of defined-contribution plans, appear to have been a major factor behind this trend. In Germany, where generous early retirement options were phased out after the mid-1990s, there is evidence that workers are paying a growing price for late-career job loss or health problems, which often lead to involuntary early retirement. 
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546 |a English 
650 7 |a Germany  |2 bicssc 
653 |a welfare state change 
653 |a older workers 
653 |a germany 
653 |a retirement 
653 |a united states 
653 |a Labour economics 
653 |a Layoff 
653 |a Pension 
653 |a Total fertility rate 
653 |a Unemployment 
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