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Retirement entitlement and monetary‐fiscal policy

G.A. Swanson (Department of Accounting and Business Law, Tennessee Technological University, Cookeville, Tennessee, USA)

International Journal of Social Economics

ISSN: 0306-8293

Article publication date: 1 September 2004

Abstract

Exchange‐based societies widely disperse their day‐to‐day decisions among their members and components. They arrange pluralistic social processes by means of economic exchange. In such societies, the fundamental dynamic of exchange should be a central consideration of any social welfare doctrines. Retirement entitlements should be considered a structural element of the exchange system itself. Current retirement entitlement and benefits programs are immediately and continuously a part of monetary‐fiscal policy management, and, as such, highly politicized. Such programs may be structured in a way that removes them from such short‐term influences. This study examines some ways in which retirement entitlement programs may be restructured and suggests that such restructuring should be undertaken in exchange‐based societies.

Keywords

Citation

Swanson, G.A. (2004), "Retirement entitlement and monetary‐fiscal policy", International Journal of Social Economics, Vol. 31 No. 9, pp. 818-831. https://doi.org/10.1108/03068290410550610

Publisher

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Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited