December 2017

18Dec

Ndc Schemes and Heterogeneity in Longevity: Proposals for Redesign

By Robert Holzmann (University of Malaya; IZA Institute of Labor Economics; CESifo (Center for Economic Studies and Ifo Institute); World Bank), Jennifer Alonso-García (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)), Heloise Labit-Hardy (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)) & Andres Villegas (University of New South Wales (UNSW)) Strong and rising empirical evidence across countries finds that longevity is highly heterogeneous in...

December 18, 2017
Aging, Articles, Labor Market, ,
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18Dec

Behavioral Impediments to Valuing Annuities: Evidence on the Effects of Complexity and Choice Bracketing

By Jeffrey R. Brown, Arie Kapteyn, Erzo F.P. Luttmer, Olivia S. Mitchell & Anya Samek This paper examines two behavioral factors that diminish people’s ability to value a lifetime income stream or annuity, drawing on a survey of about 4,000 adults in a U.S. nationally representative sample. Our first main finding is that experimentally increasing the complexity of the annuity choice reduces respondents’ ability to value the annuity. We measure lack of ability to value an annuity by the difference...

December 18, 2017
Aging, Articles, Savings, Slider-Left, , ,
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11Dec

The Power of Percentage: Quantitative Framing of Pension Income

By Henriette M. Prast (Tiburg University) & Federica Teppa (De Nederlandsche Bank) We investigate whether the quantitative frame used to communicate future pension income to plan members matters for perceived pension income adequacy. We allocate plan members randomly to one of four pension income framing conditions: annual pension income, monthly pension income, pension income as percentage of current income, pension income as decimal of current income. We find that expressing projected pension income as a percentage (decimal) of current income...

December 11, 2017
Adequacy, Articles, ,
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11Dec

The Facts of Women's Labor Behavior in the Field of Education

By Spankulova Seitkazievna (Narxoz University) In the article the labor behavior of women in education in post-Soviet countries is analyzed. model of employment of women (men as well), which was formed in Soviet years, has not undergone significant changes during the years of economic reforms. Expanding the accessibility of formal social security programs to the elderly has changed the behavior of this population in the labor market. Women do not receive social old-age pensions in the same amount as men,...

December 11, 2017
Articles, Labor Market, Pension design, Slider-Left, , ,
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11Dec

The Facts of Women’s Labor Behavior in the Field of Education

By Spankulova Seitkazievna (Narxoz University) In the article the labor behavior of women in education in post-Soviet countries is analyzed. model of employment of women (men as well), which was formed in Soviet years, has not undergone significant changes during the years of economic reforms. Expanding the accessibility of formal social security programs to the elderly has changed the behavior of this population in the labor market. Women do not receive social old-age pensions in the same amount as men,...

December 11, 2017
Articles, Labor Market, Pension design, Slider-Left, , ,
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04Dec

Income Adequacy Among Canadian Seniors: Helping Singles Most

By Philip Bazel (University of Calgary - The School of Public Policy) & Jack Mintz (University of Calgary - The School of Public Policy; CESifo (Center for Economic Studies and Ifo Institute)) Canadians have heard a great deal of discussion in the national media about expanding the Canada Pension Plan (CPP), driven by concerns that many will retire without having made proper arrangements to adequately replace their incomes with pensions and savings. But the proposed remedies have been targeted at...

December 4, 2017
Aging, Articles, Labor Market, Pension design, , , ,
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04Dec

Generational Transfers within the Occupational Pension System in Switzerland

By Severine Arnold (-Gaille) (University of Lausanne - Faculty of Business and Economics) & Anca Jijiie (Faculty of Business and Economics) Solidarity, a key element of any social security system, can be defined as the total intended redistributions that take place between the existent groups within the system, with the purpose of helping each other. However, unintended redistributions also exist, affecting the fairness of the system and leading to animosities between these groups, in particular between active members and pensioners....

December 4, 2017
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04Dec

G20 Nations Shifting the Trillions: Impact Investing, Green Infrastructure and Inclusive Growth

By M. Nicolas J. Firzli (World Pensions Council (WPC)) The 2017 Spring Meetings coincided with the surprise calling of snap general elections in the UK and military tensions in the Yellow Sea. Our postwar social contract has to cope with unprecedented shocks: Britain’s thorny withdrawal from the EU, worsening Migrant Crisis, rise in populist demagoguery. But there are also positive signs: the UN’s Sustainable Development Goals (SDGs) and new, more demanding governance norms are making unprecedented advances across the boardrooms of...

December 4, 2017
Articles, Corporate Governance, Investing, Regulation, Slider-Left, , , , ,
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