Adequacy Archives - Page 3 of 13 - Pension Policy International

24SepSeptember 24, 2021

Progressive Pensions as an Incentive for Labor Force Participation

By Fabian Kindermann, Veronika Pueschel In this paper, we challenge the conventional idea that an increase in the progressivity of old-age pensions unanimously distorts the labor supply decision of households. So far, the literature has argued that higher pension progressivity leads to more redistribution and insurance provision on the one hand, but increases implicit taxes and therefore distorts labor supply choices on the other. In contrast, we show that a well-designed reform of the pension system has the potential to...

September 24, 2021

Adequacy, Articles, Pension design2021, Behavioral Economics, Taxation

17SepSeptember 17, 2021

Driving Value for Money in defined contribution pensions

By The Pensions Regulator & Financial Conduct Authority This discussion paper was published jointly by the UK’s Financial Conduct Authority and The Pensions Regulator. A focus on Value for Money (VFM) is a key part of ensuring defined contribution (DC) pensions maximise the income savers have at retirement. In this discussion paper, we invite views on developing a holistic framework and related metrics to assess VFM in all FCA and TPR regulated DC pension schemes (workplace and non-workplace). At this stage, we...

September 17, 2021

Adequacy, Articles, Regulation2021, Occupational Pensions, Pension Management, Replacement Rate, UK

17AugAugust 17, 2021

The World’s Best Countries for Pensions in 2021

By Blacktower Hard-working retirees have put in decades of time and effort as part of their working life. As they prepare to relax in retirement, they’re counting on a pension to help maintain a comfortable life – but the quality of state pensions available varies drastically based on where you live. We ranked countries across the globe on key pension factors to find out the best country in the world. Get the book here

August 17, 2021

Adequacy, Books, Pension design, Reports2021, Healthcare, Income

23JulJuly 23, 2021

Towards Improved Retirement Savings Outcomes for Women

By OECD Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities. This study first analyses why the gender pension gap exists and sheds light on some of the behavioural and cultural factors that contribute to these inequalities. Country case studies assess how demographics, labour markets and other factors may affect gaps in pension coverage, assets...

July 23, 2021

Adequacy, Books, Labor Market2021, Financial Inclusion, Gender Gap

24JunJune 24, 2021

The Gender Pensions Gap

By A recent report by the trade union Prospect found that the gender pensions income gap (39.5%) was more than double the size of the total gender pay gap (18.5%), with the average female pensioner £7000 p.a. poorer than their male equivalent.2 This inequality in the present is the result of the unequal accrual of pension entitlements over decades. It is mainly the product of women’s lower state pension entitlement, the gender pay gap, lower historic access to workplace pensions and...

June 24, 2021

Adequacy, Books, Labor Market2021, Gender Gap, Pension design, Public Policy, UK

17JunJune 17, 2021

2021 pension adequacy report Current and future income adequacy in old age in the EU. Volume I

By The 2021 Pension Adequacy Report (PAR) is the fourth edition of the report, prepared every 3 years by the Social Protection Committee (SPC) and the European Commission. The report aims to present a comparative analysis of the degree to which pension systems in the EU Member States enable older people to retire with an adequate income today and in the future, reflecting pension reforms, as well as underlying changes and current or future challenges in our societies. Since 2012, the...

June 17, 2021

Adequacy, Books2021, Aging, EU, Pension Reform, System sustainability

29AprApril 29, 2021

What Explains Low Old-Age Income? Evidence from the Health and Retirement Study

By Olivia S. Mitchell, Robert L. Clark, Annamaria Lusardi We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as they aged. We focus on low income older adults and follow them over time to identify the factors associated with having low income at baseline and thereafter. We find that (a) real income remained relatively stable as individuals approach and enter retirement, and progress through their retirement years, and (b) labor force participation...

April 29, 2021

Adequacy, Articles, Pension design, Savings2021, Income, Payout, Social Security, US

25MarMarch 25, 2021

Do public pensions matter to marriage? Evidence from China

By Hua Chen, Zining Liu, Xiaoxu Yang This article examines the role of public pensions on the marriage market based on China Health and Retirement Longitudinal Study (CHARLS). Firstly, we investigate if the extensive margin of public pensions, i.e., whether to participate in public pensions or not, has a significant effect through Difference-in-Difference (DID). The results indicate that public pensions have a significant effect on marriage for both urban and rural residents, and the gender and income heterogeneity of the...

March 25, 2021

Adequacy, Articles2021, China, Income, Public Pensions

19MarMarch 19, 2021

The Welfare and Labor Market Effects of Mandatory Pension Savings: Evidence from the Israeli Case

By Adi Brender Many studies show that workers make poor decisions about pension savings. Policy responses to these failures include social security retirement arrangements, tax benefits for pension savings and, in some countries, also mandatory private savings towards retirement. This study examines the response of Israeli employees to the introduction of mandatory pension contributions, and the medium-term labor market effects of the arrangement, using a randomly selected panel of 300,000 employees. The first year of the arrangement, when enforcement was...

March 19, 2021

Adequacy, Articles, Labor Market, Savings2021, Income, Social Security, Taxation

“Pensions for women, the challenges ahead. International Women’s Day Selection of News and Research”

UK. Pension challenges women face will impact on their retirement 03/12/21 March 8 marks International Women’s Day and celebrates the social, economic, cultural and political achievements of women. Ghana. Low financial literacy responsible for low patronage of pensions by women and informal workers 03/12/21 A Compliance officer with the National Pensions Regulatory Authority (NPRA) says low financial literacy is the cause of low patronage of the pension scheme among women and people in the informal sector. Taking a workforce break to raise children...

March 12, 2021

Adequacy, Pension design, System Sustainability2021, Gender Gap, Investing, Saving

September 2021

Progressive Pensions as an Incentive for Labor Force Participation

Driving Value for Money in defined contribution pensions

August 2021

The World’s Best Countries for Pensions in 2021

July 2021

Towards Improved Retirement Savings Outcomes for Women

June 2021

The Gender Pensions Gap

2021 pension adequacy report Current and future income adequacy in old age in the EU. Volume I

April 2021

March 2021

Do public pensions matter to marriage? Evidence from China

“Pensions for women, the challenges ahead. International Women’s Day Selection of News and Research”