September 2019

19Sep

German women pensioners receive 26% less than men

A study published on Tuesday showed that female pensioners in Germany receive on average 26% less in pension payments than men. The gender pension gap means that retired women receive an average of €140 less per month than men. The study estimates that this means that when entering retirement, the average German woman would need around an extra €25,000 ($27,500) in savings in order to close the gap for their retirement. The research was carried out at the University...

September 19, 2019
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13Sep

Canada. Pension plans should not invest in companies that harm working people

Of all the gains unions have made for workers, the ability to retire with dignity and a pension is perhaps the most valued. Last year employers and employees in Canada contributed over $70 billion to registered pension plans. It is big money. Still, just over a third of workers are covered by RPPs as most rely on the more modest Canada Pension Plan and Old Age Security. The inequality among retirees created by different pension benefits is obvious. There...

September 13, 2019
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12Sep

What ‘Retirement’ Means Now

According to the Bureau of Labor Statistics, by 2028 there will be 43 million people 55 and older in the work force — nearly one-quarter of all workers. Yet even as they age, the word retirement is becoming less and less clear. For starters, people have the potential to live well into their 70s and 80s and beyond, which often makes a plan of retiring in one’s 60s less necessary or desirable. “Gone is the traditional vision of retiring,...

September 12, 2019
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05Sep

Ageism is putting all our retirements at risk

Pensioner poverty, we are often led to believe, is a thing of the past. Apparently, the Baby Boomer generation has been so successful at defending its interests that the greedy old buggers are raking it in. It is claimed that we live in a ‘retirement aristocracy’. Pensioners spend their days jetting off on holiday or sauntering around the golf course. They are sitting pretty in their oversized, overpriced homes. Meanwhile, younger generations are said to be miserably stuck at...

September 5, 2019
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03Sep

UK. New £8 million research centre to explore how digital technology will impact future of work

A major new research centre exploring how digital technologies are changing the world of work is to launch at the start of 2020. The Digital Futures at Work Research Centre (Digit Centre) will operate from the business schools of the universities of Sussex and Leeds and aim to provide a compelling empirical base for policy makers beyond current levels of speculation as to the impact of new technologies on jobs and workers. The centre, which includes Eversheds Sutherland, Marks...

September 3, 2019
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July 2019

19Jul

Reconstructing Retirement: Work and Welfare in the UK and USA

By David Lain In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prospects for work and retirement at age sixty five-plus in both the United States and the United Kingdom. After exploring the shifting logic behind both nations' policies--policies that increase both the need and opportunities to work past age sixty five--David Lain presents an original comparative statistical analysis on the...

July 19, 2019
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05Jul

The Ultimate Guide to Retirement in South Africa

By Bruce Cameron, Wouter Fourie Most people are rich for a single day in their lives: the day they retire and receive their retirement savings. This moment is more critical than many people realise – it marks the change from saving for retirement to drawing an income from savings that will ideally sustain them until they die. All too often, pensioners end up struggling financially because they make the wrong decisions after they retire. It is crucial for...

July 5, 2019
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June 2019

07Jun

Switching Costs and Competition in Retirement Investment

By Fernando Luco How do different switching costs affect choices and competition in a private pension system? I answer this question in a setting in which variation in employment status allows me to identify two switching costs that jointly affect enrollees’ decisions: the cost of evaluating financial information and the cost of the bureaucratic process that enrollees must navigate when switching. I use this variation to estimate the different switching costs and study their impact on competition among pension...

June 7, 2019
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May 2019

24May

Retirement and Social Security

By Giam Cipriani, Tamara Fioroni In this paper, we analyse the effects of demographic change on a PAYG pension system, financed with a defined contribution scheme. In particular we examine the relationship between retirement, fertility and pensions in a three-period overlapping generations model. We focus on both the case of mandatory retirement and the case where the retirement age is freely chosen. In the case of mandatory retirement, increasing longevity has an unambiguously negative impact on fertility and pension...

May 24, 2019
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17May

Pakistan at Seventy: A Handbook on Developments in Economics, Politics and Society

por Shahid Javed Burki, Iftekhar Ahmed Chowdhury, Asad Ejaz Butt This handbook examines Pakistan's 70-year history from a number of different perspectives. When Pakistan was born, it did not have a capital, a functioning government or a central bank. The country lacked a skilled workforce. While the state was in the process of being established, eight million Muslim refugees arrived from India, who had to be absorbed into a population of 24 million people. However, within 15 years,...

May 17, 2019
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