Macroeconomic Aspects of Aging and Retirement

This book will focus on the role of aging and rising life expectancy in the arena of higher education in present times in particular, and on the promotion of human development/welfare in general. The researcher brings out the importance of pension as a tool of welfare promotion for all categories of workers, thus not excluding the uncovered segments in the informal sector and private companies with no pensions as jobs are largely irregular and temporary in nature. In general, the international forums led by the ILO and trade unions worldwide champion the cause of labor welfare and teachers benefits across the globe. This is important to protect the nobility of the teaching profession, particularly in nations like India where social security promoted by the welfare state is largely missing. This in turn is crucial for nurturing generations of students for aiding human development of the teacher and the taught. Thus, socialist setups were based on societal growth where education and educators have a large role to play since the times of Rousseau and Dr. Radhakrishnan, who believed that the future of the nation is built in the classrooms. Education is a classic case of a noble profession still respected both in the chosen nations and worldwide. The socio-cultural impact on the teaching profession makes the teacher a demigod figure. Contrastingly, education is also classified as a public and merit good that could be responsible for several contentious issues involved in this field. There is also a difference in the social security and pension systems across the world, especially in our chosen cases of France and India. These systems are automatic and emerge from the French socialist welfare state in CHAPTER 2