Pension design Archives - Page 35 of 60 - Pension Policy International

16AugAugust 16, 2019

Delaying Retirement: Progress and Challenges of Active Ageing in Europe, the United States and Japan

Dirk Hofacker, Moritz Hess, Stefanie Konig To a backdrop of ageing societies, pension crises and labour market reforms, this book investigates how the policy shift from early retirement to active ageing has affected individual retirement behaviour. Focusing on eleven European countries, the United States and Japan, it brings together leading international experts to analyze recent changes in pension systems. Their findings demonstrate that there has been a fundamental transition in pension policies and a steep increase in...

August 16, 2019

Aging, Books, Labor Market, Pension design2018, Europe, Japan, Public Policy, US

16AugAugust 16, 2019

The Effect of Pension Growth on the Labor Force Participation of Pensioners in Russia

By Victor Lyashok This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to estimate the net effect of income from such a reform. For evaluation, we used a method combining difference-in-difference and regression discontinuity methods. The results showed that real pension growth by a third reduced labor...

August 16, 2019

Articles, Labor Market, Pension design2019, Aging, Russia

09AugAugust 9, 2019

Unbelievable: ERISA’s Broken Promise

By Peter J. Wiedenbeck A central but generally neglected objective of federal regulation of pension and welfare benefit plans was to provide workers with accessible and reliable information on which to base their career and financial planning, thereby improving overall economic efficiency. But few workers are equipped with the skills needed to evaluate the costs and benefits of complex retirement saving or health care programs. For that reason ERISA, the Employee Retirement Income Security Act of 1974, requires disclosure...

August 9, 2019

Adequacy, Articles, Pension design, Regulation2019, Income

09AugAugust 9, 2019

Gender Gap in Savings Goal Choice: Evidence from Mixed Methods

Ariane Hillig, Jerome Monne, Janette Rutterford, Dimitris Sotiropoulos There has been a good deal of research on gender psychological differences in the context of financial decision making, but no research on the impact of gender difference in the setting of savings goals. To address this question we use two unique datasets, one quantitative and one qualitative. Our quantitative results show that men set more challenging savings goals than women, even when we control for wealth, income, and portfolio risk...

August 9, 2019

Articles, Labor Market, Pension design, Savings2019, Financial Inclusion, Gender Gap

09AugAugust 9, 2019

Tenure Choice, Portfolio Structure and Long-Term Care – Optimal Risk Management in Retirement

By Hans Fehr, Maurice Hofmann We study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low. Our simulation results indicate that the public long-term care as well as the pension...

August 9, 2019

Articles, Investing, Pension design, Pension Management2019, Longevity, Risk

05AugAugust 5, 2019

The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future

Much of what will happen in the next thirty years is inevitable, driven by technological trends that are already in motion. In this fascinating, provocative new book, Kevin Kelly provides an optimistic road map for the future, showing how the coming changes in our lives--from virtual reality in the home to an on-demand economy to artificial intelligence embedded in everything we manufacture--can be understood as the result of a few long-term, accelerating forces. Kelly both describes these deep trends--interacting,...

August 5, 2019

Books, Operation, Pension design, System Sustainability2016, Financial Inclusion, Fintech, Technology

05AugAugust 5, 2019

Bank 4.0: Banking Everywhere, Never at a Bank

Bank 4.0 explores the radical transformation already taking place in banking, and follows it to its logical conclusion. What will banking look like in 30 years? 50 years? The world's best banks have been forced to adapt to changing consumer behaviors; regulators are rethinking friction, licensing and regulation; Fintech start-ups and tech giants are redefining how banking fits in the daily life of consumers. To survive, banks are having to develop new capabilities, new jobs and new skills. The...

August 5, 2019

Books, Operation, Pension design, System Sustainability2018, Financial Inclusion, Fintech, Technology

05AugAugust 5, 2019

Blockchain Basics: A Non-Technical Introduction in 25 Steps

In 25 concise steps, you will learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors. This book bridges the gap that exists between purely technical books about the blockchain and purely business-focused books. It does so by explaining both the technical concepts that make up the blockchain and their role in...

August 5, 2019

Books, Operation, Pension design, System Sustainability2017, Financial Inclusion, Fintech, Technology

05AugAugust 5, 2019

FinTech Revolution: Universal Inclusion in the New Financial Ecosystem

This book is a practical guide to the evolving landscape of finance, highlighting how it’s changing our relationship with money and how financial technology, together with macroeconomic and societal change, is rewriting the story of how business is done in developing economies. Financial services companies are trying to become more customer focused, but struggling to help huge customer segments, particularly in developing economies. Alternative financial models and tools are emerging, which are being embraced by consumers and incumbents....

August 5, 2019

Books, Operation, Pension design, System Sustainability2018, Financial Inclusion, Fintech, Technology

03AugAugust 3, 2019

Multiemployer plans: evaluating a proposal to spread the pain

By Alicia Munnell, Jean- Pierre Aubry, Wenliang, Hou, Anthony Webb The Multiemployer Pension Reform Act (MPRA) allows multiemployer plans facing insolvency to apply for approval from the Treasury to cut accrued benefits of plan members to prolong plan solvency—a departure from the benefit protections of Employee Retirement Income Security Act. To assess the law's impact, this paper models Central States Teamsters – by far the largest – plan to have applied under the new law to reduce benefits. Using...

August 3, 2019

Articles, Labor Market, Pension design, Savings2019, Public Policy, Regulation, US

August 2019