| Abstract: | Social security systems throughout the world are in a dilemma. The over-expansion of the sixties has compounded the current recession's unemployment and other problems and created an “ideal” system difficult for the economically depressed countries to alter. Older workers are particularly hard hit during recessions. They are often pressured into retirement, with no financial or career alternatives, in an attempt to free up jobs for younger and hard-to-place workers. Many schemes have been devised to compensate older workers for their losses: high unemployment compensation, partial unemployment benefits and a liberal interpretation of disability insurance and other assistance programmes not specifically designed for the elderly. The author exposes many proposals for altering social security but concludes that most schemes have not yet been implemented. While international economic recovery would surely heal the ailing systems, the author contends there are remedial measures, largely ignored at present, that could be taken to soothe the systems' wounds. |
