By James Wabenga Yango Panel regressions and calibrated life-cycle models have studied the effect of population aging on aggregate saving along separate lines, on partly overlapping samples. This systematic review and meta-analysis pools both under a single protocol. A search of five bibliographic databases identified 36 eligible studies, 33 of which yield estimates that can […]

By Yi Fan, Shuangshuang Song & Yewen Yu Population aging and fertility decline are occurring simultaneously worldwide, straining labor supply and pension systems. China began a gradual delayedretirement (GDR) reform in 2025, raising statutory retirement ages on different schedules for men, female cadres, and female workers across birth cohorts. To evaluate its effects on older […]

By Valter Manuel Gomes Neto Brazil’s rapid demographic transition presents growing challenges for the sustainability, coverage, and adequacy of its pension system. Although the 2019 pension reform improved fiscal sustainability, population ageing and persistent labour informality continue to place pressure on pension financing and old-age income security. Drawing on existing research and policy evidence, this […]

Latin Americans above the age of 50 largely continue working, but many shift to informal work. Low social security coverage and limited opportunities to save in informal work not only deepen economic vulnerabilities for these workers, but also threatens the sustainability of pension systems. A recent study from the International Federation of Pension Fund Administrators […]

The pensions industry has raised concerns over the government’s new Pension Tax Allowance and changes to the state pension triple lock following yesterday’s Autumn Budget, while welcoming measures to improve the treatment of pension death benefits and support guided retirement. Despite a relatively quiet Budget for private pensions, industry experts warned the new allowance could […]

Workers in Costa Rica’s main public pension system could need five more years of contributions before they can retire, receive a smaller share of their salary once they do, and pay part of their pension toward health coverage, under 20 reform proposals now before a national dialogue convened by the Costa Rican Social Security Fund […]

Headline income uplifts from collective defined contribution (CDC) pension schemes risk oversimplifying potential benefits for members, as factors such as income certainty, flexibility and inheritance also need to be considered, Hymans Robertson has warned. In its latest paper, How much?! Looking beyond headline CDC uplifts, the consultancy argued that focusing on a single uplift figure […]