July 2020

03Jul

Annual Report on Financing Old Age Care in China (2017)

By Keyong Dong, Yudong Yao This book provides comprehensive analysis and descriptions of China's ageing finance system . China is undergoing the largest, fastest and longest process of population ageing in the world. It becomes a pressing challenge to the Chinese social security system in this era. Many developed countries have been going through this process. Pension and other financial tools have been studied and practiced for decades. China now is developing its own ageing finance systems by...

July 3, 2020
Aging, Books, , , ,
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March 2020

07Mar

Financial Decision Making and Retirement Security in an Aging World

By Olivia S. Mitchell, P. Brett Hammond, Stephen P. Utkus As the world's population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management. This book offers state-of-the-art research and recommendations on how to evaluate when older persons need financial advice, help them make better financial decisions, and to identify policy options...

March 7, 2020
Aging, Books,
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November 2019

15Nov

Financial Behavior: Players, Services, Products, and Markets

By University Professor of Finance and Kogod Research Professor H Kent Baker, Samuel P Black III Professor of Finance and Risk Management Director Black School of Business Greg Filbeck, Assistant Professor of Financial Management Victor Ricciardi Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets. The book offers a different way of looking at financial and...

November 15, 2019
Books, Labor Market, Pension Management, System Sustainability,
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October 2019

11Oct

Defined Contribution Plans: Key Information on Target Date Funds as Default Investments Should Be Provided to Plan Sponsors and Participants: Report to Congressional Requesters.

By U S Government Accountability Office Enroll workers, in 2007 the Department of Labor (DOL) identified three qualified default investment alternatives. One of these optionstarget date funds (TDF)has emerged as by far the most popular default investment. TDFs are designed to provide an age-appropriate asset allocation for plan participants over time.Because of recent concerns about significant losses in and differences in the performance of some TDFs, GAO was asked address the following questions: (1) To what extent do the...

October 11, 2019
Books, Investment, ,
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September 2019

13Sep

Inspired: How to Create Tech Products Customers Love

By Marty Cagan How do today's most successful tech companies--Amazon, Google, Facebook, Netflix, Tesla--design, develop, and deploy the products that have earned the love of literally billions of people around the world? Perhaps surprisingly, they do it very differently than the vast majority of tech companies. In INSPIRED, technology product management thought leader Marty Cagan provides readers with a master class in how to structure and staff a vibrant and successful product organization, and how to discover and deliver...

September 13, 2019
Books, Pension design, ,
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August 2019

05Aug

Blockchain Basics: A Non-Technical Introduction in 25 Steps

In 25 concise steps, you will learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors. This book bridges the gap that exists between purely technical books about the blockchain and purely business-focused books. It does so by explaining both the technical concepts that make up the blockchain and their role in...

August 5, 2019
Books, Operation, Pension design, System Sustainability, , ,
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March 2018

19Mar

Social Security Claiming Decisions: Survey Evidence

By John B. Shoven, Sita Nataraj Slavov & David A. Wise While research shows that there are large gains in lifetime wealth from delaying claiming Social Security, most people claim at or before full retirement age. We fielded an original, nationally representative survey to gain insight into people’s rationales for their Social Security claiming decisions, their satisfaction with their past claiming decisions, and how they financed any gap between retirement and claiming. Common rationales for claiming Social Security before full...

March 19, 2018
Aging, Articles, Pension design, Savings, ,
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08Mar

Old-age Labor Force Participation in Germany: What Explains the Trend Reversal among Older Men? And What the Steady Increase among Women?

By Axel Börsch-Supan, Irene Ferrari The aim of this paper is to illustrate for Germany the factors that may explain the U-shaped pattern of older men’s labor force participation - from a long declining trend that began in the early 1970s to an increasing trend starting from the late 1990s - and at the same time the steady increase in older women’s labor force participation. In a first step, we provide graphical evidence of the trends of various variables which...

March 8, 2018
Aging, Articles, Labor Market, ,
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February 2018

05Feb

Parents with an Unemployed Adult Child: Labor Supply, Consumption, and Savings Effects

By Kathryn Anne Edwards (RAND Corporation) & Jeffrey B. Wenger (RAND Corporation; American University - School of Public Affair) The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children financially through an unemployment spell. In this paper, we also provide evidence of financial support from parents and investigate if this...

February 5, 2018
Aging, Articles, Labor Market, ,
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05Feb

Long-Run Saving Dynamics: Evidence from Unexpected Inheritances

By Jeppe Druedahl (University of Copenhagen - Department of Economics) & Alessandro Martinello (Lund University - Department of Economics; Danish National Institute of Social Research (SFI)) We exploit inheritance episodes to provide novel causal evidence on long-run saving dynamics. For identification, we combine a panel of administrative wealth reports with the unexpected timing of sudden parental deaths. After inheritance, net worth converges towards the path established before parental death, and convergence is faster for liquid assets. Using a generalized structural...

February 5, 2018
Aging, Articles, Savings, Slider-Left,
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