Articles Archives - Page 114 of 140 - Pension Policy International

27OctOctober 27, 2017

A New Labour Ecosystem in the Sharing Economy: A Platform for Growth?

By Marta Santos Silva (University of Bremen) The role of the traditional labour market is being challenged by globalisation and modern technology, particularly the unprecedented and generalised use of smartphones. Online platforms facilitating the on-demand economy are radically changing the prospects for the jobs of the future, which will be less regulated and more inclusive. This paper focuses on online ridesharing platforms, particularly Uber as international market leader, and their potential for combating social inequality and developing the transport industry. Online ridesharing platforms...

October 27, 2017

Adequacy, Aging, Articles, Labor MarketMandatory pensions, Public Policy, Social Security

20OctOctober 20, 2017

Homeownership, Social Insurance, and Old-Age Security in the United States and Europe

By Stipica Mudrazija & Barbara A. Butrica (The Urban Institute) Relatively few Americans have accumulated substantial savings outside of their employer-sponsored retirement plans, yet most own their homes. The traditional view of the retirement income system as a three-legged stool supported by Social Security, private pensions, and savings may be better viewed as being supported by Social Security, pensions, and homeownership. Country-specific economic, social, and political developments throughout modern history mean that homeownership rates and the relative importance of homeownership for...

October 20, 2017

Aging, Articles, Investing, Savings, Slider-LeftInvestment, Social Protection, Social Security, US

20OctOctober 20, 2017

Expanding Canada Pension Plan Retirement Benefits: Assessing Big CPP Proposals

By Jonathan Rhys Kesselman (Simon Fraser University School of Public Policy) Current and growing deficiencies in many workers’ ability to maintain their accustomed living standards in retirement have evoked varied proposals for reform of Canada’s retirement income system. This study focuses on proposals for expanding the retirement benefits of the Canada Pension Plan (CPP), and undertakes comparative analysis with proposals for reforms affecting workplace pensions and individual savings. It begins by reviewing key policy questions for the retirement income system...

October 20, 2017

Articles, Corporate Governance, Pension design, SavingsAging, Canada, Labor Market

20OctOctober 20, 2017

Fiscal Incidence in Belarus: A Commitment to Equity Analysis

By Kateryna Bornukova (BEROC), Gleb Shymanovich (IPM Research Center), Alexander Chubrik (CASE - Center for Social and Economic Research; IPM Research Center) The paper employs the Commitment to Equity framework to present a first attempt at a comprehensive fiscal incidence analysis for Belarus, encompassing the revenue and expenditures components of the fiscal system, including direct and indirect taxes, as well as direct, indirect, and in-kind transfers. The analysis reveals that fiscal policies in Belarus effectively redistribute income from the top...

October 20, 2017

Articles, Investing, Management, RegulationBelarus

16OctOctober 16, 2017

A Survey of Behavioral Finance

By Nicholas Barberis, Richard Thaler Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two building blocks: limits to arbitrage, which argues that it can be difficult for rational traders to undo the dislocations caused by less rational traders; and psychology, which catalogues the kinds of deviations from full rationality we might expect to see. We discuss these two topics, and then present a number...

October 16, 2017

Articles, Labor Market, Slider-Left, System SustainabilityBehavior, Political economy

16OctOctober 16, 2017

How the Growing Gap in Life Expectancy May Affect Retirement Benefits and Reforms

By Alan J. Auerbach, Kerwin K. Charles, Courtney C. Coile, William Gale, Dana Goldman, Ronald Lee, Charles M. Lucas, Peter R. Orszag, Louise M. Sheiner, Bryan Tysinger, David N. Weil, Justin Wolfers, Rebeca Wong Older Americans have experienced dramatic gains in life expectancy in recent decades, but an emerging literature reveals that these gains are accumulating mostly to those at the top of the income distribution. We explore how growing inequality in life expectancy affects lifetime benefits from Social Security,...

October 16, 2017

Articles, Funding, Labor Market, RegulationSocial Protection, Social Security

16OctOctober 16, 2017

Planning for Retirement? The Importance of Time Preferences

By Robert L. Clark, Robert G. Hammond, Christelle Khalaf, Melinda Sandler Morrill Ensuring retirement income security is a priority for individuals, employers, and policymakers. Using merged administrative and survey data for public sector workers in North Carolina, we explore how workers’ characteristics and preferences are associated with planning and saving for retirement. We then assess the “quality” of a retirement plan and whether retirement behavior is consistent with these plans. The findings indicate that the way that individuals discount future...

October 16, 2017

Aging, Articles, Pension design, Savings

09OctOctober 9, 2017

Saving the Next Billion from Old Age Poverty. Global Lessons for Local Action

This Book Project is the first of a series of initiatives by pinBox to jumpstart a global dialogue and collaborative action on pension inclusion across Asia, Africa and Latin America. The Book presents the policy outlook, past efforts and planned interventions by several developing countries as well as thematic chapters on the key principles and issues in design and implementation of inclusive pension arrangements. This book was realeased on October 12 on the pinBox Digital Micro-Pension Inclusion Roundtable 2017 For more information...

October 9, 2017

Adequacy, Aging, Articles, Books, Corporate Governance, Funding, Investing, Labor Market, Management, News, Pension design, Regulation, Savings, Slider, Supervision, System Sustainability

08OctOctober 8, 2017

Endowment vs Pension Returns

By Michael Karris (EndowBridge Capital) Does the Endowment Model still work? Judging by large endowments’ steady outperformance of a 70% global stock /30% US bond index, THE ANSWER IS YES. Versus a 60% US stock / 40% US bond index, the answer is not as clear cut. Even so, the Endowment Model still adds value for a long-term portfolio that uses alternative assets, especially venture capital. The lucrative illiquidity premium has generated superior returns for U.S. endowments versus other investors, especially through...

October 8, 2017

Articles, Investing, SavingsRisk

08OctOctober 8, 2017

Occupational Pension Funds (IORPs) & Sustainability: What Does the Prudent Person Principle Say?

By Alexandra Horvathova, Rasmus Kristian Feldthusen & Vibe Ulfbeck (University of Copenhagen) The European Union encourages individuals to save in private and occupational pension funds to complement their state saving-plans. Throughout their lives, employers directly sponsor occupational retirement saving plans, so individual employees may top up their future pensions. While the European Union clearly supports the formation and cross-border participation in these financial vehicles by adopting regulatory framework, the EU has also decided to determine a common investment decision standard...

October 8, 2017

Aging, Articles, Pension design, RegulationCoverage, EU, Occupational Pensions, Sustainability

October 2017