By Juan Medina, Michael Pedersen & gerardo reyes Emerging economies face long-run fiscal sustainability challenges associated with demographic change and the productive capacity of commodity sectors. Population aging can weaken labor supply growth, constrain tax bases, and increase age-related public expenditures, while declining productivity in non-renewable sectors may further limit fiscal capacity and economic growth. […]

By Aleksandar Andonov, Kristy Jansen & Joshua D. Rauh Long-maturity Treasury issuance reduces government rollover risk but depends on investors with structural demand for duration. We examine whether U.S. public pension funds, a $7 trillion sector, provide such demand, as is often presumed given their liabilities. Using security-level holdings, we show that Treasuries account for […]

Por Walter Guevara Household surveys that ask about private transfers rarely separate support sent from abroad from the broader category of economic support a household may receive. Mexico’s National Survey of Occupation and Employment (ENOE) contains both items. This note documents that the two move in opposite directions over 2008-2026, and that the difference is […]

While smaller pension sizes see the highest proportion of high withdrawal rates, over 15% of pots of £250,000 or larger and more than a third (36%) of pots between £100,000 and £249,000 were still withdrawn at 8% or over through the latest financial year. Looking at the data by age, half (50%) of those aged […]

As cities and counties struggle with upticks in homelessness, they’re facing yet another challenge: an aging population. By the mid 2030s, the U.S. will have more older adults than children for the first time in its history, the U.S. Census Bureau predicts. The fastest-growing group of people experiencing homelessness is those aged 65 and older, […]

Retirement requires a fundamental shift – to our lifestyles, finances, and mindset. After a lifetime of saving, we shift to decades of spending. This is a change that doesn’t come naturally for many of us. As we live longer, with retirement now spanning thirty years for the average Australian, knowing how much money we will […]

The EPGE Brazilian School of Economics and Finance (FGV EPGE) is holding the seminar “Perspectives on the Brazilian Pension Reform” on Wednesday, September 30, from 2 p.m. to 4 p.m.. The meeting is part of the Contemporary Themes series and will be held at the FGV Cultural Center in Rio de Janeiro, moderated by Professor […]