Labor Market Archives - Page 13 of 52 - Pension Policy International

23JulJuly 23, 2021

Towards Improved Retirement Savings Outcomes for Women

By OECD Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities. This study first analyses why the gender pension gap exists and sheds light on some of the behavioural and cultural factors that contribute to these inequalities. Country case studies assess how demographics, labour markets and other factors may affect gaps in pension coverage, assets...

July 23, 2021

Adequacy, Books, Labor Market2021, Financial Inclusion, Gender Gap

23JulJuly 23, 2021

The Fintech Gender Gap

By Sharon Chen, Sebastian Doerr, Jon Frost, Leonardo Gambacorta & Hyun Song Shin Fintech promises to spur financial inclusion and close the gender gap in access to financial services. Using novel survey data for 28 countries, this paper finds a large 'fintech gender gap': while 29% of men use fintech products and services, only 21% of women do. The gap is present in almost every country in our sample. Country characteristics and several individual-level controls explain about a third of...

July 23, 2021

Articles, Innovation, Labor Market, Savings2021, Financial Inclusion, Fintech, Gender Gap

08JulJuly 8, 2021

Delay the Pension Age or Adjust the Pension Benefit? Implications for Labor Supply and Individual Welfare in China

By Yuanyuan Deng, Hanming Fang, Katja Hanewald, Shang Wu We develop and calibrate a life-cycle model of labor supply and consumption to quantify the implications of alternative pension reforms on labor supply, individual welfare, and government budget for China’s basic old-age insurance program. We focus on urban males and distinguish low-skilled and high-skilled individuals, who differ in their preferences, health and labor income dynamics, and medical expense processes. We use the calibrated model to evaluate three potential pension reforms: (i)...

July 8, 2021

Aging, Articles, Labor Market, Pension design2021, Adequacy, China, DB Pensions, Income, Pension Reform, Retirement Age

02JulJuly 2, 2021

What would women’s pensions look like if there wasn’t a gender pay gap? The economic case for gender-inclusive, paid parental leave

By Pension Bee PensionBee’s vision is a world where everyone can look forward to a happy retirement. For this to happen, we all need good health, financial freedom, and social inclusion. Currently, an obstacle to achieving this financial freedom for all is a gender pension gap of up to almost 60%. Bold action is required to challenge this so that women can enjoy similar levels of wealth in retirement as men. This is particularly important as women tend to live longer...

July 2, 2021

Books, Labor Market, Pension design, Reports2021, Gender Gap, UK

24JunJune 24, 2021

The Gender Pensions Gap

By A recent report by the trade union Prospect found that the gender pensions income gap (39.5%) was more than double the size of the total gender pay gap (18.5%), with the average female pensioner £7000 p.a. poorer than their male equivalent.2 This inequality in the present is the result of the unequal accrual of pension entitlements over decades. It is mainly the product of women’s lower state pension entitlement, the gender pay gap, lower historic access to workplace pensions and...

June 24, 2021

Adequacy, Books, Labor Market2021, Gender Gap, Pension design, Public Policy, UK

24JunJune 24, 2021

Women and Retirement in a Post Covid-19 World

By Margaret Claire Dale, Susan St John Women on average live longer than men and are more likely to live alone or be widowed. In spite of their greater needs, they are more likely to arrive at retirement without secure housing, to have saved less because of caring duties and lower wages, and thus to experience greatly restricted lifestyles in retirement. They are more likely to require expensive end of life care for longer than men on average and endure...

June 24, 2021

Articles, Labor Market2021, Adequacy, COVID-19, Gender Gap

11JunJune 11, 2021

Is informality a barrier to economic growth in Uganda? Empirical analysis

By Stephen Esaku We apply autoregressive distributed lag modeling approach to investigate the short- and long-run relationship between economic growth and informality in Uganda. We use annual time series data, covering the period from 1991 to 2017. We find evidence of short- and long-run relationship between economic growth and informality. The results indicate that an increase in informality significantly reduces the rate of economic growth in both the long- and short-run. This evidence seems to indicate that in low income...

June 11, 2021

Articles, Labor Market2021, Africa, Informal Sector, Uganda

28MayMay 28, 2021

Trends in Labor Supply of Older Men and the Role of Social Security

By Zhixiu Yu The labor supply of older men increased from the 1930s to the 1950s cohort. I estimate a structural model that fits the participation and hours worked by the 1930s cohort well. The observed policy changes in normal retirement age, the earnings test, and delayed retirement credits explain 73.4% and 88.7% of the observed rises in labor force participation and hours worked by the 1950s cohort. Additional policy experiments suggest that postponing retirement age have little effect on...

May 28, 2021

Aging, Articles, Labor Market2021, Retirement Age, Social Security

28MayMay 28, 2021

Population and Labor Dynamics in Large Informal Markets: Implications for Pension Systems with Evidence from Ecuador

By Margarita Velín-Fárez This paper reviews Ecuador’s population structure and labor market dynamics with a focus on the causes of inequality, particularly among older adults receiving contributory pensions. This serves as a basis for characterizing the main restrictions that the Ecuadorian pension system must address. This analysis is valuable for three key reasons. First, the population structure of many less developed countries is converging toward that of developed countries, with older age groups increasing in proportion. Second, Ecuador is among...

May 28, 2021

Articles, Labor Market2021, Coverage, Ecuador, Informal Sector

13MayMay 13, 2021

China Population and Development Studies

By CPDRC, CPA This journal provides an international platform for discussions on topics related to various population phenomena and development issues, complemented by a strong representation of the research trend and achievement in China and other Asian countries. The journal, hosted by China Population and Development Research Center, draws on the energetic and resourceful Chinese research community as well as in close contact with the Asian research community in the area, features the Asian perspective on the field of population...

May 13, 2021

Aging, Books, Labor Market2021, China, Political economy

July 2021

Towards Improved Retirement Savings Outcomes for Women

The Fintech Gender Gap

Delay the Pension Age or Adjust the Pension Benefit? Implications for Labor Supply and Individual Welfare in China

What would women’s pensions look like if there wasn’t a gender pay gap? The economic case for gender-inclusive, paid parental leave

June 2021

The Gender Pensions Gap

Women and Retirement in a Post Covid-19 World

Is informality a barrier to economic growth in Uganda? Empirical analysis

May 2021

Population and Labor Dynamics in Large Informal Markets: Implications for Pension Systems with Evidence from Ecuador

China Population and Development Studies