【英文】瑞信报告：全球养老产业报告（64页）

英文研究报告 2020年02月27日 08:59 管理员

Respondents in Germany (18%), Canada (25%) and Switzerland (28%) show the lowest proportion of people who wish to continue working after reaching normal retirement age (Figure 8). The most obvious reason is that people in these countries consider themselves to be wealthy enough at the point of retirement and see no need to work beyond it. Conversely, respondents in India (75%), Indonesia (65%) and South Korea (63%) are among the countries with the highest share of people wishing to continue working after reaching normal retirement age. In these countries, not working beyond retirement age is associated with poverty. In India and Indonesia, the coverage rates are relatively low at 25% and 14%, respectively, indicating that the majority of people cannot rely on the pension system to fund a work-free period after retirement. By contrast, South Korea ranks among the countries with the highest relative poverty rate among the elderly (see Figure 4 on page 47). Hence, for many Koreans, not working beyond normal retirement age may pose a real threat of slipping into poverty. It is interesting to note that respondents had the choice of selecting the option “I don’t want to, but I (will) have to,” but only 10%–16% of respondents in these countries chose it. In India or Indonesia, this can be explained by the fact that work-free periods are not a reality for most people. Hence this is a question that does not come up very often. Most people in countries with low pension coverage or insufficient pension schemes literally need to work until the day they die. That said, the question above takes on another dimension.

Accordingly, many respondents wish to work beyond normal retirement age because the alternative option of not working into old age is synonymous with poverty. They do not see this as being forced to work longer because they do not know any different. When comparing age groups, an interesting pattern arises (Figure 9). The younger the people in developed countries, the more they wish to continue working after reaching normal retirement age. They also expect income from work to become a major financial source during retirement (Figure 7). Conversely, the younger the people in developing countries, the less they wish to continue working beyond retirement age. They possibly expect to achieve better coverage once the retirement systems in their country have matured. Overall, however, Millennials and Generation Z are most undecided when asked about wanting to work beyond normal retirement age, which strengthens the stereotype of these two generations. At the same time, one might say that the younger the people, the less likely they are to be informed about the topic and therefore have no opinion on it.