Talk:Retirement

History of Retirement

I think this article would be helped by a discussion on the history of retirement. Where & When did the modern notion of 'retirement' begin? How did it evolve into what we think about retirement today? It certainly wasn't earlier than the 1900s, was it? I think that this article would become more relavant and encycopedic with these addition. Falztobias (talk) 22:04, 19 May 2009 (UTC)

Completely agree. I was looking for a history section after seeing today's xkcd. 15.65.252.13 (talk) 00:37, 9 February 2016 (UTC)

The article does say that Germany was the first country to introduce retirement pensions in 1889.Vorbee (talk) 17:22, 22 January 2018 (UTC)

Retirement ages and Life expectancy

Is that the average life expectancy at birth, or the average life expectancy of a worker?

The life expectancy at birth is meaningless in a discussion of retirement policy, because only the life expectancy of those people who survive to adulthood needs to be considered when designing an old-age pension system.

Considering how low the figures are (age 40 in 1880s Germany), I have a feeling that they represent life expectancy at birth. — Malik Shabazz (talk · contribs) 17:34, 7 June 2009 (UTC)

Questions

How many & what percentages of people are retired in various countries? What is the economic impact on the country of that? —Preceding unsigned comment added by Skysong263 (talk • contribs) 22:30, 6 February 2010 (UTC)

Saving for retirement

This really ought to be fixed by an expert, but for the moment: the assumption that neither savings during working life nor the unspent portion of savings during retirement earn interest above inflation is unrealistic. Scorwin (talk) 04:25, 13 October 2010 (UTC)

Map

Does this map make sense to anyone? — Preceding unsigned comment added by 38.108.67.162 (talk) 18:10, 3 August 2012 (UTC)

No. I removed it from the "Old Age" article for the same reasons. It simply shows the relative population over 65 of each nation relative to each other, not the elderly population relative to each nation's population. Therefore, it simply tracks population size. Otherwise, nations like Japan would have larger bubbles. I'm removing. --Bridgecross (talk) 17:35, 30 October 2013 (UTC)

Military

"Retired" (which redirects to this article) is a qualifier that is oftentimes used after a person from the military (officers, etc). My knowledge of military ranks, procedures, etc is limited and would just suggest that maybe a few sentences on military retirement be added to the article to cover that area, as the current content is vey limited and unsourced. My name is Mercy11 (talk) 13:53, 3 September 2012 (UTC), and I approve this message.

Dr. Kyyra's comment on this article

Dr. Kyyra has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

Below are a few suggestions:

Section: Early retirement ... "Early retirement is also a euphemistic term for accepting termination of employment before retirement age as part of the employer's labor force rationalization. In this case, a monetary inducement may be involved." THIS INFORMATION COULD BE USEFUL: Some countries also provide extended unemployment benefits for workers who are laid off at older ages and/or have made specific pension benefits available for the older unemployed. These kinds of arrangement have been found to induce employers to target layoffs at their older employees and to discourage re-employment among older unemployed.

References:

R. Duval, 2003. The retirement effects of old-age pension and early retirement schemes in OECD countries OECD Economics Department Working Paper 370

T. Kyyrä, R.A. Wilke, 2007. Reduction in the long-term unemployment of the elderly: a success story from Finland Journal of the European Economic Association 5, pp. 154–182

R. Lalive, 2008. How do extended benefits affect unemployment duration? A regression discontinuity approach Journal of Econometrics 142, pp. 785–806

R. Winter-Ebmer, 2003. Benefit duration and unemployment entry: A quasi-experiment in Austria. European Economic Review 47, pp. 259–273

Section: Saving for retirement "The financial weight of provision of pensions on a government's budget is often heavy and is the reason for political debates about the retirement age. The state might be interested in a later retirement age for economic reasons." AFTER THESE POINTS IT MIGHT BE USEFUL TO POINT OUT THE FOLLOWING: The increasing life expectancy in particular has raised concerns about the financial sustainability of the pension system in many countries.These concerns have led to pension reforms aimed to postpone the average retirement age.

Section: Life after retirement "Tourism is a common marker of retirement and for some becomes a way of life, such as for so-called grey nomads. Some retired people even choose to go and live in warmer climates in what is known as retirement migration." THIS POINTS COULD BE EXTENDED BY FOLLOWING INFORMATION: Another reason to move in another country after retirement can be lower taxation of pension benefits. Some countries actively attract foreign pensioners by providing tax reliefs for them.

NOTE: Unfortunately, I don't have academic references for this phenomenon, but my knowledge is based on news in media. At least, Portugal and Spain offer tax reliefs for foreign pensionars (at least from certain countries relying on bilateral tax agreements), and therefore some retired people with high pension benefits (at least from Nordic countries) have chosen to move permanently in these countries.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Kyyra has expertise on the topic of this article, since he has published relevant scholarly research:

• Reference : Tomi Kyyra, 2010. "Early retirement policy in the presence of competing exit pathways: Evidence from policy reforms in Finland," Working Papers 17, Government Institute for Economic Research Finland (VATT).

ExpertIdeasBot (talk) 16:35, 3 August 2016 (UTC)

Agreed. This article is generally poor in quality and could use a major rewrite. Genetikbliss (talk) 02:41, 3 September 2017 (UTC)

"Saving For" section issues

Most of this section is written in a way that doesn't sound like the typical Wikipedia standards. I do not know how to rewrite, but a section issue notice box might help. Coolcam6578 (talk) 14:13, 1 November 2019 (UTC)

What is the opposite of retirement?

What is it really 41.104.146.14 (talk) 22:40, 1 January 2022 (UTC)