By Nanying Lin, Oscar Gilbert & Tianxiang Chu Textbook finance theories indicate that investors demand risk premia from risky assets as compensation for risk and for hedging against future unfavorable economic states. We design a comprehensive study to examine whether investment advice generated by artificial intelligence (AI) reflects a coherent risk–return pattern in investment decision-making. […]

By Fabian Kindermann, Carla Krolage, Sebastian Kunz, Manuel Pannier & Karoline Ströhlein This paper provides causal evidence on how pension income affects labor supply after retirement. We exploit the introduction of the German Earned Income Pension Credit (Grundrente), which permanently increased pension income for retirees with long contribution histories and comparatively low lifetime earnings. The […]

By David Mhlanga This paper delves into the critical intersection of ageing and the rapidly evolving field of artificial intelligence (AI). This exploration is anchored in the recognition of the unique potential that AI holds for enhancing the lives of seniors, while also acknowledging the complex ethical and practical challenges that accompany its adoption in […]

China aims to create a considerable scale of urban jobs and keep the urban surveyed unemployment rate within 5.5 percent over the next five years, according to a human resources and social security development plan for the 15th Five-Year Plan period (2026-2030) unveiled on Thursday. The plan, released by the Ministry of Human Resources and […]

The business secretary, Peter Kyle, has told UK pension funds to “get off their high horses” and invest in Britain or be forced to do so by law. Expressing frustration at the level of investment in British companies after years of government initiatives, Kyle said the UK’s biggest asset managers “should feel a patriotic duty in […]

A growing number of Kenyans are withdrawing their retirement savings long before reaching retirement age as households grapple with rising living costs, unemployment, business losses and mounting financial pressures, exposing the deep economic strain facing workers across the country. Latest industry data shows that early pension withdrawals have surged in recent years, with financial hardship […]

The commission’s recommendations are, for now, political proposals. Concrete implementation—such as through legislative procedures—is still pending. Nevertheless, the proposed key points are notable because they may affect typical human resources and compensation structures—and because the federal government has sent a clear signal that it intends to implement all proposals. At the heart of a potential […]