Publication Type
Book Chapter
Version
acceptedVersion
Publication Date
1-2021
Abstract
This chapter presents empirical evidence on a variety of measures to assess the social and economic well-being of near-retirees and retirees in Singapore based on rich data from the Singapore Life Panel, a nationally representative monthly panel survey of 50- to 70-year-old adults in Singapore. Large differences in retirement behaviour and household financial conditions related to retirement preparedness across education and wealth groups are documented. This suggests the importance of a retirement-related policy that focuses on the low-skilled and low-wealth groups. In addition, we discuss and evaluate current public policy designed to increase the employment of older workers and propose policy recommendations for Singapore.
Keywords
Older workers, retirement, financial planning, Singapore
Discipline
Asian Studies | Economics | Health Economics
Research Areas
Applied Microeconomics
Publication
The Singapore Economy: Dynamism and Inclusion
Editor
Hian Teck Hoon
First Page
310
Last Page
334
ISBN
9780367218706
Identifier
10.4324/9780429266584-10
Publisher
Routledge
City or Country
New York
Citation
CHAY, Junxing and KIM, Seonghoon.
Retirement preparedness in Singapore. (2021). The Singapore Economy: Dynamism and Inclusion. 310-334.
Available at: https://ink.library.smu.edu.sg/soe_research/2650
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.4324/9780429266584-10