By Seth Benzell, Laurence J. Kotlikoff & Victor Yifan Ye This study deploys a multi-region, dynamic life-cycle, general equilibrium model to assess demography’s impact, through the course of this century, on global development. Our model’s 17 regions encompass more than 150 countries comprising 99% of the world’s population. Output is produced with three labor skill […]

By Xiaoyun Zhang & Yiyang Luo This paper investigates the long-term consequences of involuntary job displacement on multidimensional health outcomes among middle-aged and older adults in urban China, using the 2014 China Health and Retirement Longitudinal Survey (CHARLS) Life History Questionnaire. To address the endogeneity of job loss, we exploit business closures, position cancellations, and […]

By Andrew G. Biggs The near disappearance of traditional defined benefit pensions is often treated as a loss for retirement security. This paper asks a different question: whether workers and employers value guaranteed pension benefits enough to bear their full economic cost. ERISA made private pensions more secure but also more expensive, after which traditional […]

As affordability pressures squeeze household budgets, Americans increasingly fear they will not be financially secure in retirement, while also expressing caution about artificial intelligence and cryptocurrency in retirement planning, according to new research from the National Institute on Retirement Security (NIRS). The new report, Retirement Insecurity 2026: Americans’ Views of Retirement, finds that 80 percent […]

François Hollande unveils several measures to fundamentally reform the French pension system. The former president proposes a legal retirement age of 63 in 2028, a gradual increase in the contribution period, and a five-year cap on pension increases. In his manifesto , *Uniting: A New World, A New Left *, to be published on September […]

South Africa’s Government Employees Pension Fund (GEPF), the country’s largest public-sector pension fund and one of the continent’s biggest pools of institutional capital, is facing a broader governance challenge over how environmental, social and governance (ESG) information is assessed, verified and incorporated into investment decisions. With the fund holding more than R2.69 trillion in assets […]

More than eight in 10 (83 per cent) German workers oppose the proposal to link the statutory retirement age to life expectancy, according to research from Ver.di. The proposal would see the German retirement age increasing gradually, with 11 per cent of workers in favour of the plans. The trade union surveyed its membership and […]