November 2024
08Nov

A ‘Mandatory’ Pension Scheme? Late-Stage Dropouts from the National Pension System in South Korea

By Jongseok Oh, Seho Son & Kun Lee In this study, we investigate the patterns of individuals dropping out of the National Pension System, a mandatory public pension scheme in South Korea with a generous and redistributive benefit structure. We analyze administrative pension insurance data on individuals eligible for a lump-sum refund of lifetime accrued contributions at the age of 60 due to insufficient contribution records. We employ a set of linear probability models with region-fixed effects and within-between-region effects...

November 8, 2024
Articles, System Characterization, , ,
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08Nov

Pension Policy Preferences: Beliefs about Others

By Carmen Sainz Villalba This paper studies the information provision and belief updating on the preference for regulation on pensions for own respondents and the preference for regulation on pensions for the population as a whole. Following the work of Sainz Villalba and Konrad (2024), we conduct a survey experiment where we provide information on own characteristics and on characteristics about individuals in other income brackets. We find that respondents who overestimate the pension coverage for low income earners are more likely to want less regulation...

November 8, 2024
Articles, Regulation, , ,
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06Nov

Índice de Global de Pensiones 2024 de Mercer y el CFA Institute: Un análisis y clasificación de 48 sistemas de pensiones en todo el mundo

Por Mercer & CFA Institute  El Índice Global de Pensiones 2024 de Mercer y el CFA Institute compara 48 sistemas de ingresos para la jubilación en todo el mundo, destacando los desafíos y las oportunidades dentro de cada uno. Vietnam se agregó a la mezcla este año. Utilizamos datos actualizados de la OCDE y otras agencias internacionales y agregamos algunas preguntas nuevas al subíndice de integridad. El índice está compuesto por tres subíndices, denominados adecuación, sostenibilidad e integridad, para medir cada sistema...

November 6, 2024
Caracterización del Sistema, Libros, Libros, Reportes, , ,
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05Nov

Pension Funds Market Report 2024

By Research and Markets The pension funds market size has grown strongly in recent years. It will grow from $63.8 trillion in 2023 to $69.41 trillion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historic period was driven by several factors, including increasing aging populations, improving economic conditions and growth rates, fluctuating long-term interest rates, evolving legislative and regulatory frameworks, enhanced performance in stock and bond markets, varying inflation rates, and changes...

November 5, 2024
Books, Books, Reports,
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October 2024
25Oct

2024 Defined Contribution Pension and Savings Report

By Stuart Arnold & Claire Murray This year’s survey reveals the immediate focus and priorities that employers, plan sponsors and pension trustees have for their defined contribution (DC) retirement plans. In this edition, in response to the growing concern surrounding retirement adequacy, we look at the views and actions of employers concerning the outcomes that employees can expect from their retirement provision. What are the main priorities for employers in retirement provision, what steps are sponsors taking, and what opportunities should...

October 25, 2024
Books, Books, Reports, System Characterization, , ,
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25Oct

Well-Being of Older People in East Asia: The People’s Republic of China, Japan, and the Republic of Korea

By Hidehiko Ichimura, Xiaoyan Lei, Chulhee Lee, Jinkook Lee, Albert Park, & Yasuyuki Sawada East Asia is undergoing a rapid demographic transition and “super” aging. As a result of steadily decreasing fertility and increasing life expectancy, older people’s proportion of the population and the old-age dependency ratio is rising across all countries in East Asia, particularly in the People’s Republic of China (PRC), Japan, and the Republic of Korea (ROK). In this paper, we empirically investigate the well-being of older...

October 25, 2024
Aging, Articles, , , , ,
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25Oct

Beyond Informal Employment: Stagnation and Disguised Employment in Brazil

By Carolina Troncoso Baltar, Esther Dweck, Marilia Marcato & Camila Unis Krepsky This study analyses the Brazilian labour market from 2014 to 2019, focusing on the impact of the country's growth pattern on rising informal and self-employment. After a period of economic growth, Brazil faced a recession (2015-2016) and stagnation (2016-2019). Austerity-driven reforms were implemented, weakening policies aimed at stimulating growth, reducing unemployment, and improving formalization. Using structural decomposition analysis within a demand-driven input-output model, the study examines how changes in demand...

October 25, 2024
Articles, Labor Market, , ,
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25Oct

Pensions in Aging Asia and the Pacific: Policy Insights and Priorities

By Rafal Chomik, Philip O’Keefe & John Piggott Asia and the Pacific has the most diverse regional pension landscape globally. Yet the region’s pension systems are facing common challenges as they attempt to expand coverage, and ensure adequacy and fairness, while maintaining fiscal sustainability. We review the structures and performance of pension systems across Asia and the Pacific. Most remain characterized by low contributory coverage, social pensions with inadequate benefits and often low (or no) coverage, and informal sector schemes...

October 25, 2024
Articles, System Characterization, , , ,
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18Oct

SEC Investigations of Public Pensions

By Kangkang Zhang In recent years, the looming threat of substantial unfunded liabilities and the obligation to meet these financial commitments have become critical issues for numerous state pension plans, prompting concerns about their solvency and management. This study examines the effect on public pension plans of investigations by the U.S. Securities and Exchange Commission (SEC). Utilizing a stacked cohort difference-in-differences design, I observe that state pensions tend to improve investment performance when subjected to SEC investigation. The observed effect...

October 18, 2024
Articles, Supervision, Supervision, , , ,
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