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 […]

Reform UK’s new economic adviser has previously called the pensions triple lock unsustainable, advocated privatising the NHS and welcomed migration as a poverty alleviation tool, the Guardian can reveal. Robert Jenrick, Reform’s economic spokesperson, has appointed Mitchell Palmer, a rightwing economist at the free-market Adam Smith Institute, as one of his key aides. Palmer’s background […]

CalPERS’ position in Strategy, a company known for its significant Bitcoin treasury, reflects a cautious but continued interest in cryptocurrency-related equities. The decline in both share count and value aligns with broader market fluctuations and the company’s stock performance. Strategy, formerly MicroStrategy, has become a proxy for Bitcoin investment due to its substantial holdings of […]

Pakistan has launched a digital pension verification system that allows pensioners to complete the process remotely, ending the need for routine visits to banks and making pension disbursements faster and more convenient. The move is part of the government’s broader effort to digitize pension administration and reduce the paperwork faced by retired public sector employees. […]

The National Pension Service (NPS), which manages the precious retirement funds of the people, has been engulfed in a fierce controversy over transparency and ethical management standards as it was revealed that it has continuously invested in the initial public offerings (IPOs) of Chinese military and security-linked companies. In a situation where major advanced nations, […]