Study: Many Americans die with 'virtually no financial assets'

It is a central worry of many Americans: not having enough money to live comfortably in old age. Now an innovative paper co-authored by an MIT economist shows that a large portion of America’s older population has very ...

Pentagon needs to adapt to recruit top talent: Carter

The US military needs to give its troops and new recruits better career options due to increasing competition for talent from private companies, Defense Secretary Ashton Carter said Tuesday.

Mathematically detecting bubbles before they burst

From the dotcom bust in the late nineties to the housing crash in the run-up to the 2008 crisis, financial bubbles have been a topic of major concern. Identifying bubbles is important in order to prevent collapses that can ...

Imagining a future when machines have all the jobs

Martin Ford saw it everywhere, even in his own business. Smarter machines and better software were helping companies do more work with fewer people. His Silicon Valley software firm used to put its programs on disks and ship ...

Job applicants over 40 filtered out by employers

Job applicants are filtered out as early as age 40. This was shown by economist Stefan Eriksson at Uppsala University, one of the authors of a new report from the Institute for Evaluation of Labour Market and Education Policy ...

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Retirement

Retirement is the point where a person stops employment completely. A person may also semi-retire and keep some sort of retirement job, out of choice rather than necessity. This usually happens upon reaching a determined age, when physical conditions don't allow the person to work any more (by illness or accident), or even for personal choice (usually in the presence of an adequate pension or personal savings). The retirement with a pension is considered a right of the worker in many societies, and hard ideological, social, cultural and political battles have been fought over whether this is a right. In many western countries this right is mentioned in national constitutions.

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