Weller Debates the Future of Retirement- Part 3

The policy goal is still to provide hard-working families with the opportunity to retire in dignity. Retirement ages should remain in the mid-60s for economic and demographic reasons. And public policy therefore needs to ensure that sufficient retirement income will be available at that age.

Retirement is not entirely an artifact of social norms. Most industrialised economies set the normal retirement age somewhere between 65 years and 67 years. That tends to be the time that older workers' productivity drops off and their functional limitations start to increase.

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This article was originally published in The Economist.