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February 2019

23Feb

On the Political Feasibility of Increasing the Legal Retirement Age

By Benjamin Bittschi (ZEW – Leibniz Centre for European Economic Research) & Berthold Ulrich Wigger Within a politico-economic model we first establish three hypotheses: (i) Retirees generally prefer a higher retirement age than workers, whereby just retired individuals prefer the highest retirement age, (ii) in equilibrium the level of the legal retirement age is increasing in longevity and (iii) decreasing in the public pension replacement rate. We then test these hypotheses empirically. Employing micro data for Germany we corroborate the...

February 23, 2019
Aging, Articles, Pension design, ,
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10Feb

Assessing Economic Resources in Retirement: The Role of Irregular Withdrawals from Tax-Advantaged Retirement Accounts

By Michael D. Hurd (RAND Corporation; State University of New York at Stony Brook - College of Arts and Science - Department of Economics; National Bureau of Economic Research (NBER)) & Susann Rohwedder (RAND Corporation) Irregular withdrawals from IRAs and DC pensions are not included in standard measures of household income in the CPS or Health and Retirement Study. Yet, among retirees such withdrawals can supplement regular retirement income to finance consumption. It has been difficult to assess their importance,...

February 10, 2019
Adequacy, Aging, Articles, Savings, ,
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03Feb

The Future of Saving : The Role of Pension System Design in an Aging World

By David Amaglobeli,‎ Hua Chai,‎ Era Dabla-Norris,‎ Kamil Dybczak,‎ Mauricio Soto,‎ Alexander F. Tieman This SDN explores how demographic changes have affected and will affect public and private sector savings, highlighting the interaction between pension systems, labor markets, and demographic variables. Get the book HERE!

February 3, 2019
Aging, Books, Pension design, Savings,
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January 2019

27Jan

China's High Savings: Drivers, Prospects, and Policies

By Longmei Zhang (International Monetary Fund), Ray Brooks (International Monetary Fund   - Asia and Pacific Department), Ding Ding (International Monetary Fund), Haiyan Ding (International Monetary Fund), Hui He (International Monetary Fund), Jing Lu (International Monetary Fund), Rui Mano (International Monetary Fund) China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from...

January 27, 2019
Aging, Articles, Labor Market, Savings, ,
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27Jan

China’s High Savings: Drivers, Prospects, and Policies

By Longmei Zhang (International Monetary Fund), Ray Brooks (International Monetary Fund   - Asia and Pacific Department), Ding Ding (International Monetary Fund), Haiyan Ding (International Monetary Fund), Hui He (International Monetary Fund), Jing Lu (International Monetary Fund), Rui Mano (International Monetary Fund) China's high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from...

January 27, 2019
Aging, Articles, Labor Market, Savings, ,
Read more...
19Jan

Handbook of Sociology of Aging

By Richard A Settersten Jr,‎ Dr Jacqueline L Angel The Handbook of Sociology of Aging is the most comprehensive, engaging, and up-to-date treatment of developments within the field over the past 30 years. The volume represents an indispensable source of the freshest and highest standard scholarship for scholars, policy makers, and aging professionals alike. The Handbook of Sociology of Aging contains 45 far-reaching chapters, authored by nearly 80 of the most renowned experts, on the most pressing topics related to aging today. With its recurring...

January 19, 2019
Aging, Books, ,
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14Jan

The Vulnerability of Older Australians in Bankruptcy: Insights from an Empirical Study

By Lev Bromberg (The University of Melbourne), Ian Ramsay (Melbourne Law School - University of Melbourne), Paul Ali (University of Melbourne - Law School; Centre for International Finance and Regulation)This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study — based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator — provides a valuable insight into the severe financial challenges faced by many...

January 14, 2019
Aging, Articles, Labor Market, ,
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14Jan

The Course of Income Inequality As a Cohort Ages into Old-Age

By Thomas L. Hungerford (National Academy of Social Insurance (NASI); Independent)Several researchers have shown that income inequality of a cohort increases as the cohort ages. The various studies examining cohort income inequality use a variety of data, measures, and methods. Is the U.S. experience documented in other studies due to potential biases due to data, measures and/or methods? This study examines cohort income inequality using nationally representative longitudinal data and a variety of inequality measures to follow a large...

January 14, 2019
Aging, Articles, Slider-Left,
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07Jan

Government Transfers, Work and Wellbeing: Evidence from the Russian Old-Age Pension

By Louise Grogan (University of Guelph - Department of Economics) & Fraser Summerfield (University of Aberdeen - Economics; CELMR; Rimini Center for Economic Analysis (RCEA)) This paper examines the impacts of a large and anticipated government transfer, the Russian old-age pension, on labor supply, home production and subjective wellbeing. The discontinuity in eligibility at pension age is exploited for inference. The 2006-2011 Russian Longitudinal Monitoring Survey is employed. Causal impacts differ across the sexes. Women reduce market work and appear...

January 7, 2019
Aging, Articles, Labor Market, Regulation, , ,
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December 2018

17Dec

Meeting India’s Retirement Challenge

By Richard Jackson ALTHOUGH RAPID DEVELOPMENT BRINGS GREAT BENEFITS, it also creates great challenges. Among the most critical is ensuring a measure of security for the old, who often find themselves vulnerable and marginalized as economic growth accelerates and traditional social and cultural norms are overturned. When rapid development is combined with rapid population aging, confronting the challenge becomes all the more urgent. India is one of the world’s most rapidly developing countries. Like most emerging markets, it is also progressing...

December 17, 2018
Aging, Books, Regulation, System Sustainability, ,
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