September 2022
21Sep

Los retiros de las fondos previsionales y las finanzas: nuevas rutas de extracción financiera

Por: Lorena Pérez-Roa En un contexto de crisis salarial producto de los efectos de la pandemia sociosanitaria y en razón de la falta de apoyos económicos, se implementó en Chile en julio del 2020 una ley que permitió el retiro anticipado del 10% de los fondos previsionales. Esta controversial medida permitió que más de 11 millones de trabajadores accedieran a los retiros y tuvo, a su vez, un efecto no esperado de reactivar la economía chilena. En este artículo se...

September 21, 2022
Artículos, Sostenibilidad del Sistema, Sostenibilidad del Sistema, sosteninbilidad del sistema, , ,
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14Sep

Financial Wellness Meets Behavioral Economics

By Shlomo Benartzi Helping Participants See the Big Picture and Act on It The financial lives of American workers have become increasingly complicated in the 21st century. Instead of relying on an employer pension, most workers now save on their own, a shift that brings both opportunities and challenges. In addition, workers have to effectively allocate these savings across different financial products and accounts. Should they fund their 401(k) account or emergency savings account? Should they choose a high-deductible health...

September 14, 2022
Books, Books, Investing, Savings, ,
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14Sep

Depression and Loneliness Among the Elderly Poor

By Abhijit Banerjee, Esther Duflo, Erin Grela, Madeline McKelway, Frank Schilbach, Garima Sharma & Girija Vaidyanathan The mental health of the elderly in low- and middle-income countries (LMICs) is a largely neglected subject, both by policy and research. We combine data from the health and retirement family of surveys in seven LMICs (plus the US) to document that depressive symptoms among those aged 55 and above are more prevalent in those countries and increase sharply with age. Depressive symptoms in...

September 14, 2022
Aging, Articles, ,
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14Sep

Choice Overload? Participation and Asset Allocation in French Employer-Sponsored Saving Plans

By Marie Briere, James M. Poterba & Ariane Szafarz This paper employs administrative data from one of the largest plan providers in France to investigate the role of plan and default characteristics in affecting whether employees participate in the plan and whether they accept its default investment option. The dataset includes information on the saving choices of 680,392 active employees at 1,610 firms. French employers have wide discretion in structuring employee saving plans. All plans must offer medium-term investments, which...

September 14, 2022
Articles, Savings, ,
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14Sep

BlackRock y pensiones en Chile y México

Por Lizeth Alanis A partir de la década de los setenta del siglo XX, y con la ruptura del orden monetario de Bretton Woods se gestaron las condiciones que posibilitaron la conformación de un régimen financiarizado que transformó los mercados económicos y financieros, generando una constante incertidumbre, desregulación y promoviendo reformas estructurales que han contribuido en buena parte a la búsqueda de nuevos espacios de valorización y liquidez. Dichas reformas han favorecido los intereses del sector financiero, promoviendo numerosas privatizaciones...

September 14, 2022
Artículos, Reforma de pensiones, , , , ,
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13Sep

U.S. This is how much Social Security benefits are likely to rise next year

By Brett Arends Social Security beneficiaries could be looking at a very welcome bump of 8.7% in their benefits starting in January next year, if current trends continue. That hike would be the biggest since 1981, and would be worth an extra $144 a month for a retiree on the average monthly benefit of $1,656. These numbers are the latest projection from the Senior Citizens League, a nonprofit, and are based on the government’s inflation data over recent months. These are only projections,...

September 13, 2022
News, OP Ed, , , ,
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09Sep

Are Retirement Planning Tools Substitutes or Complements to Financial Capability?

By Gopi Shah Goda, Matthew Levy, Colleen Flaherty Manchester, Aaron Sojourner, Joshua Tasoff, Jiusi Xiao We conducted a randomized controlled trial to understand how a web-based retirement saving calculator affects workers’ retirement-savings decisions. In both conditions, the calculator projected workers’ retirement income goal. In the treatment condition, it additionally projected retirement income based on defined-contribution savings, prominently displayed the gap between projected goal and actual retirement income, and allowed users to interactively explore how alternative, future contribution choices would affect...

September 9, 2022
Articles, Savings, , ,
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09Sep

The Impact of Health on Wealth: Empirical Evidence

By Umesh Ghimire This paper empirically evaluates the impact of health on wealth among adults between the ages of 50 and 100 in the United States. Using the frailty index to measure health status and carefully accounting for the dynamic relationship between frailty and wealth, I find that suffering one more health deficit leads, on average, to approximately 2.23 percent decline in the net worth of American households. The impact is concentrated among individuals over the age of 70, in...

September 9, 2022
Aging, Articles, Savings, , ,
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09Sep

Spending Elasticity and Optimal Portfolio Risk Levels

By David Blanchett, Jeremy Stempien Research on optimal retirement strategies overwhelmingly assumes that the retirement income goal is effectively inelastic (or fixed), which implies the retiree household has neither the desire nor the ability to cut back on spending for the entire duration of retirement (which is often assumed to last 30+ years). This is an incredibly unrealistic assumption that has significant implications on a myriad of retirement decisions. This piece focuses on how spending elasticity impacts optimal portfolio risk...

September 9, 2022
Articles, Savings, ,
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07Sep

Pensiones de seguridad social. Un panorama incierto que urge despejar

Por: Francisco Javier Fernandez Orrico Son las pensiones públicas, materia recurrente, motivo de polémica siempre actual, que interesa a sus beneficiarios y que afectará, antes o después, a buena parte de los ciudadanos. Esta es la razón de que se den respuestas, en “Las pensiones de Seguridad Social: un panorama incierto que urge despejar”, a un sinfín de cuestiones que afectan al hombre y a la mujer de la calle, relativas a cómo decidir, en función de cada circunstancia personal,...

September 7, 2022
Diseño de Pensiones, Libros, Libros, ,
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