By Annita Florou, Meng Li, Peter F. Pope & Nipat Puangjampa Defined benefit (DB) pension plans are important to employee welfare. However, they carry risk as they are subject to minimum funding requirements. We examine the effect of a relaxation in pension funding rules on employee satisfaction by exploiting the adoption of the Moving Ahead for […]

By Masahiro Shibata & Kazunori Suzuki This study examines the impact of Japan’s Government Pension Investment Fund (GPIF) engagement program, leveraging a proprietary dataset of 26,792 engagements across 21 externally managed funds from fiscal years 2017 to 2022. As one of the largest universal owners globally, GPIF plays a pivotal role in influencing corporate behavior […]

By José L. Casco Non-contributory pension schemes are increasingly prevalent as countries seek to combat poverty, yet their role in shaping inequality remains underexplored. This paper studies how such programs alter intra-household inequality using data from Mexican household income and expenditure surveys. The analysis first examines a local pension program in Mexico City, embedding an […]

In recent weeks, I have put a lot more focus on actionable ideas, including higher-yielding stocks (see this article). However, that’s just the start. Especially for income-focused investors, I want to provide more food for thought. That’s based on various reasons, including these ones: Many of my readers are retired or getting close to retirement. Heck, even […]

Private equity firms have increasingly come under fire for actions that are making life more difficult and unaffordable, such as driving up the prices of single-family homes, closing hospitals that aren’t profitable enough, and laying off workers at companies they have purchased. New efforts by public pension funds are hoping to counter these bad practices and instead promote investments that […]

About one in 10 older Americans experiences some form of abuse or neglect — something that’s often hidden in plain sight. Why and how do our social support systems fail older adults? On this episode of Aging Forward, lawyer and elder justice expert M.T. Connolly talks about the situations in which elder abuse can occur, how […]

Union organizations asserted that Joaquín Cortez’s education at the Pontifical Catholic University and the University of Chicago “is not an anecdotal detail but a clear signal of his ideological imprint, the same one that shaped the individual capitalization system imposed during the dictatorship and turned pensions into a business rather than a right.” In a […]