Articles Archives - Page 23 of 140 - Pension Policy International

23JulJuly 23, 2023

Early Retirement Provision for Elderly Displaced Workers

By Herman Kruse & Andreas Steinvall Myhre This paper studies the economic effects on re-employment and program substitution behavior among elderly displaced workers who exogenously lose eligibility for their early retirement option. We use detailed Norwegian matched employer-employee data containing information on bankruptcy dates and individual income, wealth, pensions and social security benefits. As job displacement before a certain age cut-off results in the loss of eligibility for early retirement benefits between ages 62–67 years in Norway, we are able...

July 23, 2023

Articles, Labor Market2023, Aging, Norway, Retirement Planning, Social Security

23JulJuly 23, 2023

Mortality Regressivity and Pension Design

By Youngsoo Jang, Svetlana Pashchenko & Ponpoje Porapakkarm How should we compare welfare across pension systems in presence of differential mortality? A commonly used standard utilitarian criterion implicitly favors the long-lived over the short-lived. We investigate under what conditions this ranking is reversed. We clearly distinguish between the redistribution along mortality and income dimensions, and thus between mortality and income progressivity. We show that when mortality is independent of income, mortality progressivity can be optimal only when (i) there is...

July 23, 2023

Articles, Pension design2023, Longevity, Pension Payout

23JulJuly 23, 2023

Accounting for Pension and Post-Retirement Benefits in Companies

By Anetha Kumanireng, Reniati Marimpan & Veronika Tombi Layuk After leaving work, retirement is an importan phase in one's life. Companies must prepare for retirement well. One of the elements that must be considered is the accounting for pensions and post-retirement benefits. This article will discuss the importance of this accounting for companies. Source @SSRN

July 23, 2023

Articles, Pension design2023, India, Occupational Pensions

23JulJuly 23, 2023

Strengthening Retirement Income Security: Fairer Tax Rules and More Options Needed

By Alexandre Laurin & George Turpie Simple changes to tax rules can improve retirement security for Canadians, as well as make the retirement system more equitable among different classes of savers, and more efficient at managing longevity risks for capital decumulation. This E-Brief provides a discussion of needed retirement-related tax changes impacting members of capital accumulation plans, such as RRSPs and defined-contribution (DC) plans, divided into the accumulation and decumulation phases. Among the key tax changes recommended for the accumulation phase:...

July 23, 2023

Articles, Savings2023, Income, Retirement Planning, Taxation

21JulJuly 21, 2023

How the 1963 Equal Pay Act and 1964 Civil Rights Act Shaped the Gender Gap in Pay

By Martha J. Bailey, Thomas E. Helgerman & Bryan A. Stuart In the 1960s, two landmark statutes—the Equal Pay and Civil Rights Acts—targeted the long-standing practice of employment discrimination against U.S. women. For the next 15 years, the gender gap in median earnings among full-time, full-year workers changed little, leading many scholars and advocates to conclude the legislation was ineffectual. This paper uses two different research designs to show that women’s relative wages grew rapidly in the aftermath of this...

July 21, 2023

Articles, Labor Market2023, Gender Gap, Regulation, US

21JulJuly 21, 2023

Racial and Ethnic Disparities in Retirement Outcomes: Impacts of Outreach

By Angelino Viceisza, Amaia Calhoun & Gabriella J.O. Lee We review select literature on racial and ethnic disparities in retirement outcomes in the United States and the impact of outreach on such outcomes. First, there are significant disparities in retirement outcomes, reflecting a long history of racism and structural barriers. Second, there is comparatively little work on the differential impact of retirement outreach across race and ethnicity. Future work should consider designing interventions that cater to the needs of specific...

July 21, 2023

Articles, System Characterization2023, Equality, Pension design, Retirement Planning

21JulJuly 21, 2023

Pension Reform, Incentives to Retire and Retirement Behavior: Empirical Evidence from Swedish Microdata

By Lisa Laun & Mårten Palme This paper investigates to what extent the 1998 reform of Sweden’s public old-age pension system contributed to the increase in extensive margin labor supply among older workers seen in the country in recent decades. We use a large data set containing all males and females born in Sweden between 1927 and 1950 and observe their retirement behavior during 1991–2012. The data show that the reform changed the incentives to remain in the labor force...

July 21, 2023

Articles, Pension design2023, Behavioral Science, Pension Reform, Sweden

07JulJuly 7, 2023

Illusory Policy Implications of Behavioral Law & Economics

By Terrance O’Reilly Behavioral law and economics has achieved notable policy influence promoting soft paternalism—using nudges to encourage better choices without limiting options. Recently, some behavioral scholars have suggested that positive behavioral models actually support hard paternalism—imposing mandates. This article challenges the insinuation that behavioral law and economics supports mandates. Despite regular suggestions to the contrary, positive economic models do not entail distinct normative consequences. The article illustrates its thesis in the case of retirement savings, a key concern of behavioral...

July 7, 2023

Articles, Regulation2022, Behavioral Economics, Public Policy, savings

07JulJuly 7, 2023

Trapped in the platform: Migration and precarity in China’s platform-based gig economy

By Yang Zhou Recent studies on precarity among gig workers has turned away from labour process factors to explore the role of the wider social, cultural and institutional environment. Existing westerncentred studies in this aspect argue that platforms reproduce racialised and gendered hierarchies to leverage control over vulnerable populations. This study extends this literature by focusing on the migration factor in a non-western context. Using the case of Didi, drawing on ethnographic and interview data, it is argued that migrant...

July 7, 2023

Articles, Labor Market

07JulJuly 7, 2023

Health Capacity to Work and Retirement Expectations

By Italo Lopez Garcia, Nicole Maestas & Kathleen J. Mullen Understanding how health influences retirement is fundamental for the design of targeted policies that encourage working longer. While there is wide agreement on the relevance of age-related health decline for determining retirement decisions, the process remains a black box. This paper explores the match between individuals’ functional abilities and job demands in the national economy using a new methodology to measure work capacity. Specifically, we construct a measure of work...

July 7, 2023

Articles, Retirement Age2023, Aging, Health, Retirement Planning

July 2023