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Title: When to Retire, how is Recessions helping this process and how is the Social Security affected by early retirement

Citation Type: Conference Paper

Publication Year: 2012

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Abstract: Within the context of slow growth in recent years and fiscal pressures, Kosovo faces the complex dual challenges of high unemployment and weak human development outcomes. Promoting the jobs agenda and strengthening human capital rank high among priorities for Kosovos development. Although the market still may be below what individuals had expected and there may have been some short-term impacts, the markets sharp rise has substantially diminished the importance of this part of the story. The weakness in the labor market, however, continues to be extensive and persistent. On the other hand the economic crisis that began in 2008 had multiple implications for retirement behavior. The stock market crash may have caused some individuals to defer retirement because of losses they experienced in their retirement plans. The purpose of this analysis is to focus on its implications for retirement and retiree well-being in the coming years. High unemployment has the potential to significantly alter the well-being of older workers, both in the present and forthe remainder of their lives.

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Authors: Gjaku-Murturi, Fetije; Murturi, Mustafe

Conference Name: Konferenca e Kat Ndombre pRiskun

Publisher Location: Dubrovnik, Kroaci

Data Collections: IPUMS International

Topics: Aging and Retirement

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