December 2020

23Dec

Understanding Debt in the Older Population

By Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero Poor financial capability can erode well-being in later life. To explore debt and debt management among older Americans, age 51-61, we designed and analyzed a new module in the 2018 Health and Retirement Study along with information from the 2018 National Financial Capability Study. Even though this group should be at the peak of their retirement savings, it nevertheless carries debt due to student loans and unpaid medical bills; having children...

December 23, 2020
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11Dec

The Age Profile of Life-Satisfaction after Age 65 in the U.S

By Péter Hudomiet, Susann Rohwedder Although income and wealth are frequently used as indicators of well-being, they are increasingly augmented with subjective measures such as life satisfaction to capture broader dimensions of individuals’ well-being. Based on data from large surveys of individuals, life satisfaction in cross-section increases with age beyond retirement into advanced old age. It may seem puzzling that average life satisfaction would be higher at older ages because older individuals are more likely to experience chronic or...

December 11, 2020
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07Dec

2020 OECD Pensions Outlook

From OECD The OECD Pensions Outlook provides an analysis of different pension policy issues in OECD countries covering both public and private, defined benefit and defined contribution, pay-as-you-go and funded retirement provisions. Prepared against the background of the COVID-19 pandemic, the 2020 edition discusses policy guidelines to help governments strengthen the resilience of their retirement savings and old-age pension systems. Get the book Here!

December 7, 2020
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November 2020

11Nov

South Africa. The scary facts about the gender pension gap

Echoing concerns raised by the World Economic Forum earlier this year, 10X Investments’ new South African Retirement Reality Report adds more data showing this worrying trend of women falling further behind men. 10X’s third annual Retirement Reality Report (RRR20) shows that the retirement savings gap between the genders has grown in the last year, not only because the gender pay gap has widened, but because many women continue to reject the best option they have for narrowing the gap,...

November 11, 2020
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October 2020

20Oct

Mercer CFA Institute Global Pension Index 2020

By Merced CFA Institute What makes a world-class pension system in 2020? Pension systems around the world are facing additional pressures in 2020. The widespread economic impact due to COVID-19 has had both immediate and long-term implications for retirees. Additionally, increasing life expectancies and rising pressure on public resources to support the health and welfare of older citizens will affect how citizens around the world will retire in the mid to long-term. “The economic recession caused by...

October 20, 2020
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15Oct

2020 Global Retirement Index An in-depth assessment of welfare in retirement around the world

By NATIXIS With the world facing immediate issues resulting from the coronavirus pandemic and the economic consequences from the response of governments around the world, wildfires and other natural catastrophes triggered by changing weather and climate patterns, and heightened concerns about social justice and income inequality, the long-term goal of retirement security may not appear to be a top global concern in 2020. In reality, though, the crises we are experiencing today will have long-range implications for global retirement...

October 15, 2020
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September 2020

11Sep

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender Attitudes

By Anna Veremchuk, University of Tartu The aim of this paper is to study the gender pension gap in Europe based on the newest EU-SILC data from the 2018 wave. The contribution of the paper is twofold. First, it provides evidence on factors shaping the gender pension gap in a large number of EU countries. Second, it analyses the relationship between the pension gap and: (1) the coverage of occupational (second pillar) pensions and (2) gender attitudes. The main factor contributing to gender...

September 11, 2020
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August 2020

07Aug

Are Dutch Old-Age Pensions Taxed Fairly and Efficiently?

By Bernd Genser, Robert Holzmann The Dutch pension system is internationally top-ranked as a well-designed three-pillar system. Moreover, almost all forms of pension benefits are expenditure taxed in line with the European Commission's recommendations. Consequently, the Dutch pension policy approach could be regarded as a welcome blueprint for pension policy reform, currently on the agenda of all EU member countries. This paper focuses on the taxation of Dutch pensions and identifies two classes of problems that challenge the suitability...

August 7, 2020
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03Aug

Ranked: The Best and Worst Pension Plans, by Country

The global population is aging—by 2050, one in six people will be over the age of 65. As our aging population nears retirement and gets closer to cashing in their pensions, countries need to ensure their pension systems can withstand the extra strain. This graphic uses data from the Melbourne Mercer Global Pension Index (MMGPI) to showcase which countries are best equipped to support their older citizens, and which ones aren’t. The Breakdown Each country’s pension system has been shaped...

August 3, 2020
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July 2020

24Jul

Social Protection for All: The Next Step for the Malaysian Welfare

By Evangelos Koutronas This report aims to support policymakers, program designers, and evaluators to develop a comprehensive social protection mechanism. The past decade has seen a marked spike in policy momentum around the importance of social protection policies and programs yet there has been very little attention to social protection’s role in tackling experiences of poverty and vulnerability. Social protection is recognized as a key policy tool to help achieve the Malaysia Development Goals; as a policy approach underpinned by...

July 24, 2020
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