South Korea. Elderly income up 80% in a decade, but pension gap triples
South Korea's elderly are moving away from relying on allowances from their children, with public pensions — t ...
Cyprus. Pension reform to bring increases for all retirees, minister says
All pensioners will receive increases under the government’s planned pension reform, with those on lower pensi ...
US. Successfully Aging: The economic contributions of people aged 50 years and older
Q. I continue to read that our seniors are a drain on the economy with the costs of Social Security, Medicare, ...
The best time to think about your pension is before you need one
If you’re in your 20s or 30s, retirement may be the least urgent item on a long and expensive financial to-do ...
UK. Reform’s new economic adviser has called for end of pensioners’ triple lock
Reform UK’s new economic adviser has previously called the pensions triple lock unsustainable, advocated priva ...
US. CalPERS trims Strategy stake as Bitcoin exposure dips to $35.5M
CalPERS’ position in Strategy, a company known for its significant Bitcoin treasury, reflects a cautious but c ...
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ARTICLES
The Global Transition – The Impact of Demographics and AI on Economic Power
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 […]
Job displacement and the health of older adults: Evidence from China
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 […]
Lessons for Retirement Security from Well-Regulated Pensions
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 […]
NEWS
South Korea. Elderly income up 80% in a decade, but pension gap triples
South Korea’s elderly are moving away from relying on allowances from their children, with public pensions — the national pension and the basic pension — becoming the primary source of income in old age. Annual income per elderly person rose roughly 80 percent over the past decade driven by public pensions, and the share of […]
Cyprus. Pension reform to bring increases for all retirees, minister says
All pensioners will receive increases under the government’s planned pension reform, with those on lower pensions set to benefit the most, Labour Minister Marinos Mousiouttas said on Sunday. In interviews with newspapers Phileleftheros and Kathimerini, Mousiouttas said the reform – the first major overhaul of the system since 1980 – was intended to create a […]
US. Successfully Aging: The economic contributions of people aged 50 years and older
Q. I continue to read that our seniors are a drain on the economy with the costs of Social Security, Medicare, Medicaid, and other government age-related programs. I don’t want to feel guilty because I certainly do my part. Can you provide another side of the story? Thanks. B.K. Thank you for that very important […]
The best time to think about your pension is before you need one
If you’re in your 20s or 30s, retirement may be the least urgent item on a long and expensive financial to-do list. Paying the rent or a mortgage comes first. There may be student loans or credit-card balances to pay off. You might be trying to build an emergency fund or save for a first […]