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Cheerful senior man at home looking at his mail

The brief’s key findings are: The economic crisis has provided a ‘stress test’ for many pension systems. In Sweden, the crisis triggered an automatic ‘brake’ to restore financial balance and revealed two problems with the brake’s design: it can favor workers over retirees; and it can result in large shocks for retirees. In response, t…

African woman showing her dish

Abstract Working longer is often hailed as the best way to increase retirement incomes, yet this strategy depends crucially on seniors’ ability to find work and hold on to their jobs. This study examines how the incidence and consequences of job displacement vary by age. Data come primarily from the 1996, 2001, and 2004 panels…