2023 Archives - Page 38 of 39 - Pension Policy International

01FebFebruary 1, 2023

Jubilación Flexible y Compatible

Por José Ignacio Conde-Ruiz & Jesús Lahera Forteza España envejece y va ser necesario adaptar tanto el mercado de trabajo como el sistema de pensiones a esta nueva realidad demográfica. La única vía para afrontar con éxito el reto del envejecimiento pasa necesariamente por utilizar parte de avances en la longevidad a producir o generar riqueza alargando la etapa laboral. Y para ellos urge cambiar radicalmente la forma en que nos jubilamos. Necesitamos alargar de forma flexible la etapa laboral...

February 1, 2023

Artículos, Diseño de Pensiones2023, Edad de retiro, Mercado Laboral, Reforma de Pensiones

01FebFebruary 1, 2023

The Progress of Social Security Measures for Labourers in India

By Dr. S.R. Keshava Social security has gained paramount importance in the changed economic scenario. Social security programmes are actively undertaken even in developed nations. The USA social security administration points out that it is much more than retirement program. One in Six Americans (57 million) receives social security benefits in USA. India also has enacted many social security measures for its needy citizens. In order to protect the welfare of unorganized workers the legislative measures namely minimunm wages Act, 1948,...

February 1, 2023

Articles, Labor Market2023, India, Social Security

01FebFebruary 1, 2023

Financial literacy, longevity literacy, and retirement readiness

By Paul Yakoboski, Annamaria Lusardi & Andrea Hasler Six years of data from the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) clearly demonstrate that U.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness, a specific realm of financial well-being, likewise tends to be better among those with greater financial literacy. In addition, it shows that retirement readiness is also related to longevity literacy. While typically an overlooked factor, the importance of...

February 1, 2023

Articles, System Sustainability2023, Financial Education, Financial Literacy, Longevity, Retirement Planning

26JanJanuary 26, 2023

Gender-Inclusive Financial and Demographic Literacy: Lessons from the Empirical Evidence

By: Giovanna Apicella, Enrico G. De Giorgi, Emilia Di Lorenzo & Marilena Sibillo Longevity crucially affects demand for pensions, insurance products and annuities. Consistent empirical evidence shows that women have historically experienced lower mortality rates than men. In this paper, we study a measure of the gender gap in mortality rates, we call “Gender Gap Ratio”, across a wide range of ages and for four countries: France, Italy, Sweden and USA. We show the stylized facts that characterize the trend...

January 26, 2023

Articles, Pension design2023, Financial Literacy, Gender Gap

26JanJanuary 26, 2023

Should Labor Abandon Its Capital? A Reply to Critics

By: David H. Webber Several recent works have sharply criticized public pension funds and labor union funds (“labor’s capital”). These critiques come from both the left and right. Leftists criticize labor’s capital for undermining worker interests by funding financialization and the growth of Wall Street. Laissez-faire conservatives argue that pension underfunding threatens taxpayers. The left calls for pensions to be replaced by a larger social security system. The libertarian right calls for them to be smashed and scattered into individually-managed...

January 26, 2023

Articles, Labor Market, Pension Management2023, Defined Benefit, Public Pensions, Regulation, US

24JanJanuary 24, 2023

Financial regret at older ages and longevity awareness

By Abigail Hurwitz & Olivia S. Mitchell Older people often express regret about financial decisions made earlier in life that left them susceptible to old-age insecurity. Prior work has explored one outcome, saving regret, or peoples’ expressed wish that they had saved more earlier in life. The present paper extends attention to five additional areas regarding financial decisions, examining whether older Americans also regret not having insured better, claimed benefits and quit working too early, and becoming financially dependent on...

January 24, 2023

Articles, Savings2023, Pension design, Social Security, US

20JanJanuary 20, 2023

Suspende Consar traspasos de Afore para proteger a los ahorradores de minusvalías

Por la noche del jueves 19, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), entidad reguladora del sistema de pensiones nacional, sorprendió al mercado con el anuncio de una medida inédita hasta ahora en este mercado. La Consar informó que, ante la elevada volatilidad que ha prevalecido en el mercado financiero, situación que ha provocado minusvalías históricas en las Afore, a partir del pasado 16 de diciembre dicha autoridad suspendió los cambios de Afore, este tipo de...

January 20, 2023

Noticias, Noticias2023, Afores, CONSAR, Mexico

18JanJanuary 18, 2023

Investment Risk Minimization and Optimization of Future Pension Plans

By Peter Vodička Thesis is a collection of three papers with several contributions to the optimisation of future pension plans for the long-term savers while minimising their investment risk. Since pillar aim is to improve the transparency of the pension funding, we develop investment strategies for individual savers which are easy to understand whilst at the same time performing optimally, or near optimally. Furthermore, all investment prospects are communicated in real terms. Principal investment strategy introduced in the thesis is called...

January 18, 2023

Articles, Investment, Pension Management2023, Risk, savings

18JanJanuary 18, 2023

A Behaviorally Informed Financial Education Program for the Financially Vulnerable: Design and Effectiveness

By Ernst-Jan de Bruijn, Gerrit Antonides & Tamara Madern Financially vulnerable consumers are often associated with suboptimal financial behaviors. Evaluated financial education programs so far show difficulties to effectively reach this target population. In our attempt to solve this problem, we built a behaviorally informed financial education program incorporating insights from both motivational and behavioral change theories. In a quasi-experimental field study among Dutch financially vulnerable people, we compared this program with both a control group and a traditional program group....

January 18, 2023

Articles, Pension design2023, Behavioral Science, Financial Education

17JanJanuary 17, 2023

Reforma pensional: Gustavo Petro prefiere renunciar antes de subir la edad de pensión

Luego de que el ministro de Hacienda, José Antonio Ocampo, afirmó que el Gobierno nacional no descarta un aumento en la edad de jubilación en la próxima reforma pensional, lo que generó la polémica a nivel nacional, el presidente Gustavo Petro contradijo al funcionario y desestimó la idea. Por medio de Twitter, el mandatario aseguró: “primero renuncio antes de subir la edad pensional”. Exactamente, Ocampo dijo en una entrevista con El País de Cali, al ser consultado por el impacto de...

January 17, 2023

Noticias, Noticias2023, Colombia, Edad de retiro, Reforma de Pensiones

February 2023

Jubilación Flexible y Compatible

Financial literacy, longevity literacy, and retirement readiness

January 2023

Gender-Inclusive Financial and Demographic Literacy: Lessons from the Empirical Evidence

Should Labor Abandon Its Capital? A Reply to Critics

Suspende Consar traspasos de Afore para proteger a los ahorradores de minusvalías

Investment Risk Minimization and Optimization of Future Pension Plans

A Behaviorally Informed Financial Education Program for the Financially Vulnerable: Design and Effectiveness

Reforma pensional: Gustavo Petro prefiere renunciar antes de subir la edad de pensión