US. What Do 5% Rates Mean for Pensions?
For most of the period since the Global Financial Crisis (GFC), pension sponsors faced historically low Treasu ...
Premier pledges action on gaps in China’s social security net amid warnings of shortfalls
Guo Shuqing, a former chairman of the China Banking and Insurance Regulatory Commission, had earlier warned th ...
Ghana’s Minimum Wage is rising. What about the Minimum Pension? Government must not Abandon SSNIT Pensioners
The announcement by the National Tripartite Committee (NTC) that Ghana's National Daily Minimum Wage (NDMW) wi ...
Social factors shape health as we age
Our knowledge that social factors can influence health is abundant and has shaped research and policy across m ...
Sovereign wealth and public pension assets to hit US$58.7 trillion by 2030
The assets of sovereign wealth funds (SWFs) and public pension funds are projected to rise to US$22.4 trillion ...
Americans are saving for retirement. But are they spending enough?
U.S. retirement accounts hold a lot of wealth. According to the Investment Company Institute, Americans hold n ...
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ARTICLES
Optimal Social Security in a Sandwich-Generation Economy: Family Support, Fertility, and Human Capital
By Ernie Chuang & Wei-Yi Gan This paper develops an overlapping-generations model of a sandwich generation in which middle-aged households allocate scarce time and resources across market work, fertility, child quality, and support for elderly parents. The central distortion is that households overallocate time to elderly support due to strategic bequest motives. Households underinvest in […]
Silent Portfolios, Softened Votes: Public Pensions’ Response to Anti-ESG Policies
By Joel F. Houston, Tao Li & Chuyi Sun Using newly assembled holdings and proxy-voting data from July 2017 through June 2025, we examine how public pension funds respond to state anti-ESG policies and demonstrate how these responses depend on fund governance. We find no significant change in the ESG ratings of pension fund portfolios, […]
Who Moved the Career Ladder? AI and Young Workers in Korea
By Samil Oh & Youngsik Oh 1. We examine youth employment trends amid AI diffusion using National Pension subscriber data and the Economically Active Population Survey. First, the decline in youth employment remains concentrated in industries with high AI exposure. Between June 2022 and June 2026, youth employment fell by 285,000, with high-exposure industries accounting […]
NEWS
US. What Do 5% Rates Mean for Pensions?
For most of the period since the Global Financial Crisis (GFC), pension sponsors faced historically low Treasury yields. Low rates inflated the present value of pension obligations, increased the cost of settling liabilities and forced sponsors to choose between accepting funded-status volatility or allocating capital to lower-yielding liability-hedging assets. That environment has changed. On September […]
Premier pledges action on gaps in China’s social security net amid warnings of shortfalls
Guo Shuqing, a former chairman of the China Banking and Insurance Regulatory Commission, had earlier warned that the country’s pension system could run short of funds in the next 20 years, citing multiple projections. Guo called for new tax sources and greater transfers of state-owned capital to social security funds to strengthen the long-term financing […]
Ghana’s Minimum Wage is rising. What about the Minimum Pension? Government must not Abandon SSNIT Pensioners
The announcement by the National Tripartite Committee (NTC) that Ghana’s National Daily Minimum Wage (NDMW) will increase to GH¢25.04 in 2027 and GH¢28.79 in 2028 should be welcomed. It is an important development in the country’s efforts to improve the earnings and living conditions of workers. However, there is another group of people whose economic […]
Social factors shape health as we age
Our knowledge that social factors can influence health is abundant and has shaped research and policy across medicine, public health and society for decades. In this special issue, Nature Aging features a collection of reviews and opinion articles that explore how social factors influence healthy aging across the life course and become biologically embedded. There […]