Essay On Should Canada Should Extend Retirement
III. OBJECTIVES
The purpose of our research is to consider whether Canada should extend retirement age. We will carry out our analysis by looking into existing literature and weighing the benefits with the burdens. This will provide an in-depth inquiry for government policies and also to citizens who consider postponing their retirement. Key issues for debate include demographics (eg. aging population), price inflation, and cost containment. We will address the following five questions in our research.
1.What are the economic benefits of later retirement?
2.What are the economic burdens?
3.Is there a need to postpone retirement?
4.Are there any unforeseen consequences if we defer retirement?
5.What are some consequences if the
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RESEARCH METHOD
Data sources and searches:
This research paper consisted of existing literature such as journals and articles written in 1991 to present day. The various publications gathered from these sources will give the reader an insight on whether the Canadian government should extend the eligibility age to receive CPP and OAS to contain healthcare costs. Our findings comprised of reportings from: Canadian Institute for Health Information (CIHI), Fraser Institute, Macleans, Service Canada, Statistics Canada and The Economist. Many sided analysis and databases were used to identify relevant studies on this topic. Our reference list included other studies we looked through for further information and conduction of our paper.
Our search approach corresponded with our key questions in pursuit of answering our research topic. We adopted these three concepts to broaden our analysis: Concept 1: aging and pension reform; Concept 2: pros and cons of raising retirement age; Concept 3: early v.s. later retirement effects on society.
Study selection:
Additional criteria included: individually, carried out studies and credible results to provide the groundwork for policy implementation and future research
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