EUROPEAN PAPERS ON THE NEW WELFARE

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The Transition to Retirement: A Problem or a Resource?

1. The Reasons Behind the Research

In the early 1950s most old people did not have a seniority pension1 and the levels of active employment remained high even after age 65. Today instead, the vast majority of the elderly, particularly males, do have seniority or old age pensions. Also in 1950-51 average life expectancy and the average retirement age coincided, both being at around 65 years. Currently the former is calculated to be around 78 years, while the latter is, as a rule, below 60.
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