By Carolina Salva & Tim Alexander Kroencke We survey 28 leading Swiss pension fund consultants and asset managers to understand the factors and their ranking driving institutional asset allocation decisions. The risk tolerance of pension fund boards, target returns, and risk-free rates emerge as the most influential factors, while traditional portfolio theory predictors such as […]

By Burkhard Heer & Mark M. Trede We develop a medium-scale overlapping-generations model with endogenous labor supply and skill premium to study optimal income redistribution using progressive labor income taxes and pensions. The model is calibrated to the four countries USA, Great Britain, Italy and Germany which differ substantially in their tax and pension systems, […]

By Peter A. Diamond Public pension systems are long-term social contracts operating under persistent economic, demographic, and political uncertainty. Periods of turbulence, marked by financial shocks, changes in longevity, and shifting labour markets, test the capacity of pension institutions to adapt while maintaining adequacy, equity, and legitimacy. Building on earlier joint work on pension economics […]

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 […]

Despite a slowdown in distributions from private equity funds to their limited partners, public pension funds are increasing their commitments to the asset class year-over-year. According to a report published this week by Nasdaq eVestment, public pensions committed $100.9 billion to private equity strategies in 2025, a 24% increase from $81.2 billion in commitments public […]

At the age of 49, after the garment company narrowed its scale and laid off redundant personnel, Ms. Nguyen Thi Hoa (from Phu Tho, currently residing in Thanh Liet ward, Hanoi) fell into unemployment in mid-2025. Applying for jobs everywhere but not being accepted, Ms. Hoa started working at a private workshop processing gypsum and […]

Norway has held on to the top spot in a global measure of retirement security, even as inflation, government debt and aging populations make preparing for retirement harder in much of the world. The country ranked first for a second consecutive year in Natixis Investment Managers’ 2026 Global Retirement Index, which compares retirement conditions across […]