February 2018

28Feb

Building Evidence for Active Ageing Policies: Active Ageing Index and its Potential

By Asghar Zaidi,‎ Sarah Harper,‎ Kenneth Howse,‎ Giovanni Lamura,‎ Jolanta Perek-Bialas  This book provides multinational evidence on active and healthy ageing. It generates authoritative new knowledge for mutual learning and policymaking in addressing challenges linked with population ageing. The authors discuss how to achieve better active ageing outcomes through appropriate policies including addressing life course determinants of active and healthy ageing. The chapters are distinctive in their focus on quantitative analysis of active and healthy ageing based on a first-of-its-kind composite measure, the Active Ageing...

February 28, 2018
Aging, Books, Labor Market, ,
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26Feb

Exploring the Risks and Consequences of Elder Fraud Victimization: Evidence from the Health and Retirement Study

By Marguerite DeLiema (Stanford University - Stanford Center on Longevity), Martha Deevy (Stanford University - Stanford Center on Longevity), Annamaria Lusardi (George Washington University - Department of Accountancy; National Bureau of Economic Research (NBER)) & Olivia S. Mitchell (University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)) This is the first study to use longitudinal data to explore both the antecedents and consequences of fraud victimization in the older population. Because older persons are close to...

February 26, 2018
Aging, Articles, Labor Market, Slider-Left,
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26Feb

The Impact of Life-Course Developments on Pensions in the Ndc Systems in Poland, Italy and Sweden and Point System in Germany

By Agnieszka Chłoń-Domińczak (Warsaw School of Economics), Marek Góra (Warsaw School of Economics (SGH); IZA Institute of Labor Economics), Irena Kotowska (Warsaw School of Economics), Iga Magda (Warsaw School of Economics), Anna Ruzik-Sierdzińska (Warsaw School of Economics) & Pawel Strzelecki (National Bank of Poland; Warsaw School of Economics) Old-age pensions in the NDC systems reflect the accumulated lifetime labour income. Interrupted careers and differences in the employment rates, particularly between men and women will have a significant impact on...

February 26, 2018
Aging, Articles, Labor Market, Pension design, ,
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19Feb

Political Viability of Intergenerational Transfers. An Empirical Application

By Gianko Michailidis (University of Barcelona) & Concepcio Patxot (University of Barcelona - Department of Economic Theory) Public intergenerational transfers (IGTs) may arise because of the failure of private arrangements to provide optimal economic resources for the young and the old. We examine the political sustainability of the system of public IGTs by asking what the outcome would be if the decision per se to reallocate economic resources between generations was put to the vote. By exploiting the particular nature...

February 19, 2018
Aging, Articles, Labor Market, Pension design, , ,
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19Feb

The Optimal Allocation of Longevity Risk with Perfect Insurance Markets

By Antoine Bommier (ETH Zürich) & Hélène Schernberg (ETH Zurich) This paper discusses the allocation of aggregate longevity risk in the case of perfect insurance markets. We show that the optimal allocation transfers some risk to the pensioners, even if pension providers have access to a perfect insurance market. Individuals prefer contributions and benefits to depend on the evolution of aggregate mortality rates rather than being fixed. Indeed, this flexibility offers an interesting diversification strategy where the prospect of a...

February 19, 2018
Aging, Articles, Labor Market, Management, Pension design, , ,
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12Feb

Headed for the Poorhouse: How to Ensure Seniors Don’t Run Out of Cash Before They Run Out of Time

By Bonnie-Jeanne MacDonald (Ryerson University - The National Institute of Aging (NIA)) Income security in later life (age 85) is more important now than ever. More attention needs to be paid to how Canadians can best draw down their savings after retirement and secure adequate income for advanced ages. Retiring Canadians need innovative solutions – ones that add definitive value but place no new pressures on the Canadian public purse. I propose a government-led solution: Canada’s Living Income For the...

February 12, 2018
Aging, Articles, Savings, ,
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12Feb

Headed for the Poorhouse: How to Ensure Seniors Don't Run Out of Cash Before They Run Out of Time

By Bonnie-Jeanne MacDonald (Ryerson University - The National Institute of Aging (NIA)) Income security in later life (age 85) is more important now than ever. More attention needs to be paid to how Canadians can best draw down their savings after retirement and secure adequate income for advanced ages. Retiring Canadians need innovative solutions – ones that add definitive value but place no new pressures on the Canadian public purse. I propose a government-led solution: Canada’s Living Income For the...

February 12, 2018
Aging, Articles, Savings, ,
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12Feb

The Effect of Physical and Cognitive Decline at Older Ages on Work and Retirement: Evidence From Occupational Job Demands and Job Mismatch

By Peter Hudomiet (RAND Corporation), 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) & Robert J. Willis (University of Michigan at Ann Arbor - Department of Economics; National Bureau of Economic Research (NBER)) As workers age, their physical and cognitive abilities tend to decline. This could lead to a mismatch between workers’ resources and the...

February 12, 2018
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05Feb

Parents with an Unemployed Adult Child: Labor Supply, Consumption, and Savings Effects

By Kathryn Anne Edwards (RAND Corporation) & Jeffrey B. Wenger (RAND Corporation; American University - School of Public Affair) The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children financially through an unemployment spell. In this paper, we also provide evidence of financial support from parents and investigate if this...

February 5, 2018
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05Feb

Long-Run Saving Dynamics: Evidence from Unexpected Inheritances

By Jeppe Druedahl (University of Copenhagen - Department of Economics) & Alessandro Martinello (Lund University - Department of Economics; Danish National Institute of Social Research (SFI)) We exploit inheritance episodes to provide novel causal evidence on long-run saving dynamics. For identification, we combine a panel of administrative wealth reports with the unexpected timing of sudden parental deaths. After inheritance, net worth converges towards the path established before parental death, and convergence is faster for liquid assets. Using a generalized structural...

February 5, 2018
Aging, Articles, Savings, Slider-Left,
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