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Social class in later lifePower, identity and lifestyle$
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Marvin Formosa and Paul Higgs

Print publication date: 2013

Print ISBN-13: 9781447300588

Published to Policy Press Scholarship Online: January 2014

DOI: 10.1332/policypress/9781447300588.001.0001

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Class, pensions and old-age security

Class, pensions and old-age security

(p.95) Six Class, pensions and old-age security
Social class in later life

Elizangela Storelli

John B. Williamson

Policy Press

This chapter discusses the interface between social class, pensions, and financial security in old age. It examines the ways economic and political forces interact to affect the financial security of older adults and the ways in which policy developments in high-income countries differ from those in middle and low-income countries. Analysis suggests that in high-income countries pension systems consist of a mix of policies that affect inequality and financial security in accordance with their social welfare policy legacies. However, when analysing developments in middle and lower-income countries, it is useful to consider other contextual factors, such as economic and social development. The effect of different pension models on class and old age financial security are also examined.

Keywords:   social class, old age, older adults, pensions, pension models, financial security, inequality, social welfare

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