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10 Cards in this Set

  • Front
  • Back
  • 3rd side (hint)

What historical event produced the modern concept of retirement?

Industrial Revolution

What consideration has industrialization made the primary determiner of when to retire?

Economic feasibility

What does Schulz suggest will be a future determiner of the support burden other than demographic change

Rate of future economic growth

What factors other than savings and investment does Schulz suggest could contribute to future economic growth?

Technological change; willingness of producers to take risks; workplace structure; quality of education and training (for both young and old)

What major factor continues to be a significant driver of retirement policy making?

Levels of unemployment

What mindset does Schulz suggest needs changing to accommodate older workers in the workforce of the future?

Willingness to better match older people with jobs both on the part of workers and employers. Issues such as workplace and wage structures, hiring practices and training opportunities. Modifying the retirement “right”

the retirement "right"

What is “productive ageing”

Measure of economically valuable contribution by older people not accounted for economic markets

What is a potential problem with the “productive ageing” measure?

Is exclusive to economic activity and thus other potentially meaningful activities undertaken by older people such as worshipping, meditation, visiting.

How does Schulz attempt to redefine retirement?

Not just stopping paid work but a unique part of the life cycle with its own distinctive focus and activities

In what ways does Schulz suggest retirement may be different in the future?

More part time work; expanded citizen participation (voluntary, community activities); older workforce with more training/re-training necessitating a redirection of government resources