The retirement system in many developed countries is in dire need of a solution that is both attractive to voters and beneficial for the economy. Increasing the retirement age has been met with massive unrest and reversal, making it widely unpopular. This article explores the idea of sabbaticals as an alternative to traditional retirement age. Studies show that extended time off during your working years can have transformative effects. The proposed solution is to offer extended paid leave financed from retirement savings in exchange for a voluntary increase in retirement age. This innovative policy could be a win-win solution for both individuals and the economy.
https://jacek.migdal.pl/2023/08/16/sabbaticals.html