By National Audit Office Pensions dashboards are intended to allow people to view information about their pensions – including their State Pension – online, securely and in one place. The Department for Work & Pensions (DWP) expects that pensions dashboards will deliver significant benefits by supporting people to plan better for retirement, make more informed financial decisions and connect with ‘lost’ pension pots. Get the report here
By Directorate-General for Economic and Financial Affairs European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the European Commission, the Council of the European Union and the European Parliament. Views expressed in unofficial documents do not necessarily represent the views of the European Commission. Get the report here
By Meir Statman I often note that the biggest risks in life are not in the stock market. If you want real risk, I say, get married. And if you want more risk, have children. People laugh, because the point is obvious. Yet that point is regularly lost when we speak about financial well-being, neglecting life well-being. I was motivated to write my book, “A Wealth of Well-Being, by reflecting on my own financial and life well-being and those of...
By Zhuoer Lin, Justin Ye, Heather Allore, Thomas M. Gill & Xi Chen Given the critical role of neurocognitive development in early life, this study assesses how racial differences in early-life circumstances are collectively and individually associated with racial disparities in late-life cognition. Leveraging uniquely rich information on life history from the U.S. Health and Retirement Study for non-Hispanic White (White) and non-Hispanic Black (Black) Americans 50 years or older, we employ the Blinder-Oaxaca method to decompose racial gaps in...
By Hans van Meerten The book is an extensive examination of the intersection between EU consumer protection laws and the Dutch pension system, particularly in light of the transition to a new pension regime. It contains lessons for a new EU consumer regime vs pension products. The Dutch reform is taken a a case study. The document advocates for a comprehensive review of the Dutch pension system and its alignment with EU consumer protection laws. It suggests that while the Dutch pension...
By Helene Morsomme, Jennifer Alonso García & Pierre Devolder Population ageing undermines traditional social security pension systems that combine pay-as-you-go (PAYG) and defined benefits (DB). Indeed, demographic risk, if guaranteed benefits remain unaltered, will be borne entirely by workers through increases in the contribution rate. To avoid a substantial increase of the contributions and in order to maintain simultaneously the financial sustainability and the social adequacy of the public pension system, risk sharing and automatic balancing mechanisms need to be...
By Chiara Malavasi & Han Ye We estimate the effect of additional pension income on mortality outcomes by exploring the eli- gibility criteria of a German program subsidizing the pensions of low-wage workers. Using novel administrative data, we find that eligibility leads to a 2-month delay in age at death (censored at 75). Survey evidence suggests that additional pension income improves both mental and physical health. In addition, individuals feel less financially constrained and are more optimistic about their future....
By Goldman Sachs Plotting a path through the Financial Vortex is essential for an employee’s retirement journey and can be achieved with help from their employer. There is no defined path or solution that solves retirement for all individuals, yet the challenge of retirement saving presents employers with an opportunity to provide employees more integrated, personalized, effective solutions to help their retirement goals. Get the report here
Por Luis Felipe Carvalho Lopes El objetivo es reforzar el conocimiento sobre la seguridad social a través de ejemplos concretos de los sistemas de pensiones en países seleccionados. A nivel agregado, la medida más común consiste en comparar las prestaciones promedio del sistema de pensiones con la línea de extrema pobreza, la línea de pobreza, el salario mínimo y el ingreso per cápita. A nivel individual, el análisis de la calidad de las prestaciones se efectúa comparando el nivel de las pensiones...
Por Adrián Rubli La discriminación en contra de las personas LGBTQ+ vulnera nuestra dignidad e integridad. Por ello, quienes pertenecemos a esta comunidad ajustamos conscientemente nuestro comportamiento para protegernos de posibles agresiones. Considerar este hecho es, entonces, imprescindible para dimensionar los costos sociales de la discriminación. En un artículo publicado en la revista académica Labour Economics, Emilio Gutiérrez y yo evidenciamos que hay menos personas LGBTQ+ en los sectores laborales menos incluyentes en nuestro país. Aunque resulte difícil dar una interpretación causal, documentarlo es un paso importante para comprender...
