2024 Archives - Page 4 of 43 - Pension Policy International

14FebFebruary 14, 2025

The effect of Covid pension withdrawals and the Universal Guaranteed Pension on the income of future retirees in Chile

By Carlos Madeira Chile implemented large pension withdrawals during the Covid pandemic. Afterwards, Chile increased non contributory beneÖts in a quasi-universal scheme. Simulating future pensions, I show that the average loss in contributory pension income is 27.9%, with losses of 23.9% and 31.4% for men and women, respectively. After accounting for public transfers, the average loss in total pension income is just 6.2%, with losses of 7.5% and 5.2% for men and women, respectively. Current retirees lost just 1.1% of...

February 14, 2025

Articles, Savings2024, Chile, COVID-19, Retirement security, Withdrawals

12FebFebruary 12, 2025

El futuro del envejecimiento en América Latina y el Caribe: nuevas perspectivas metodológicas

Por Jeroen Spijker Este artículo proporciona una visión general de varios indicadores alternativos al instrumento más tradicional para medir el envejecimiento para el pasado, presente y futuro en los países de América Latina y el Caribe. Los resultados muestran que cuando pensamos en la vejez no tan solo en términos de los años vividos, sino también, en términos de los años que quedan por vivir, casi todas las poblaciones actuales de América Latina y el Caribe están rejuveneciendo en vez de...

February 12, 2025

Artículos, Envejecimiento, Envejecimiento2024, América Latina, Envejecimiento

07FebFebruary 7, 2025

Aging Well in Asia: Asian Development Policy Report

By Asian Development Bank The report explores four linked dimensions of well-being: health, productive work, economic security, and social engagement. It highlights the need for lifelong investment in human capital, a life-cycle approach to intervention for age-specific needs, and population-wide outreach to people of all ages. It provides concrete recommendations in the policy domains of health, employment and retirement, pensions, long-term care, and community-level support. Get the report here

February 7, 2025

Aging, Books, Books, Reports2024, Aging, Asia, Health, Public Policy

07FebFebruary 7, 2025

Challenges and concerns surrounding China’s retirement age reform

By China Labour Bulletin China is currently grappling with a pressing demographic challenge, marked by record-low birth rates and low retirement ages, leading to a continuous decline in the working-age population. According to the National Bureau of Statistics, the working-age population dropped to 61.3% in 2023, down from 62% the previous year. The shrinking workforce and ageing population are increasingly straining China’s pension system. Current projections indicate that, without intervention, the social security system’s resources will be depleted by 2035. In response to...

February 7, 2025

Articles, System Sustainability2024, Aging, China, Pension Reform, Retirement Age

07FebFebruary 7, 2025

Smaller than We Thought? The Effect of Automatic Savings Policies

By James J. Choi, David Laibson, Jordan Cammarota, Richard Lombardo & John Beshears Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before matching contributions from their employer have fully vested), a large percentage of 401(k) balances are withdrawn upon employment separation, and many employees opt out of auto-escalation. Steady-state saving rates increase by 0.6% of income due to automatic enrollment and...

February 7, 2025

Articles, Savings2024, Behavioral Science, Retirement security, Saving, US

31JanJanuary 31, 2025

Household Saving in Japan: The Past, Present, and Future

By Charles Yuji Horioka This paper explores the determinants of the level of, and trends over time in, Japan’s household saving rate, with emphasis on the impact of the age structure of the population, and makes projections about future trends therein. The paper finds that Japan’s household saving rate has not always been high either absolutely or relative to other countries and that it was only during the 1961-86 period that it exceeded 15%. Past and future trends in Japan’s...

January 31, 2025

Articles, Savings2024, Aging, Japan, Saving, Social Security

31JanJanuary 31, 2025

Financial Inclusion Across the United States

By Motohiro Yogo, Andrew Whitten & Natalie Cox We study retirement and bank account participation for the universe of U.S. households with a member aged 50 to 59 in the administrative tax data. ZCTA-level average income, income inequality, and racial composition predict retirement account participation for low-income households, conditional on household income and regional price parities. Income inequality also predicts bank account participation for low-income households. We estimate the causal effect of access to an employer retirement plan on participation. Recent policy proposals...

January 31, 2025

Articles, System Characterization2024, Financial Inclusion, Income, US

29JanJanuary 29, 2025

Efectos de los Retiros Anticipados de los Fondos de Pensiones

Por Banco Central de Reserva del Perú Desde el inicio de la crisis sanitaria, se han efectuado diversos programas de retiro anticipado de fondos privados de pensiones que han reducido de manera importante los ahorros previsionales en el Sistema Privado de Pensiones (SPP), lo que ha constituido un factor de riesgo para la estabilidad financiera. Si bien en el corto plazo los retiros ayudan a suavizar la senda de consumo de los hogares, a largo plazo reducen la cobertura del sistema previsional, poniendo en...

January 29, 2025

Ahorro, Libros, Libros, Reportes2024, Perú, Retiro de Fondos

24JanJanuary 24, 2025

Is Care Affordable for Older People?

By Organisation for Economic Co-operation and Development With population ageing, the demand for helping older people with daily activities – so-called long-term care – is set to increase across OECD countries by more than one-third by 2050. Older people with long-term care needs are more likely to be women, 80-years-old and above, live in single households, and have lower incomes than the average. Currently, across OECD countries, publicly funded long-term care systems still leave almost half of older people with...

January 24, 2025

Aging, Books, Books, Reports2024, Adequacy, Aging, Healthcare, Social Pensions

24JanJanuary 24, 2025

2024 BlackRock Read on Retirement

By BlackRock Retirement. It’s deeply personal. And yet, many of the challenges workers face are common and shared. The relationship someone new to the workforce has with retirement is likely very different than that of someone later in their career. Layer in factors like individual experience and a lack of access to the right tools, opportunities and guidance… and suddenly the path can get complex. But we’re rethinking retirement – because it doesn’t have to be. Get the report here.

January 24, 2025

Books, Books, Reports, System Characterization2024, Longevity, Retirement Planning, Saving

February 2025

The effect of Covid pension withdrawals and the Universal Guaranteed Pension on the income of future retirees in Chile

El futuro del envejecimiento en América Latina y el Caribe: nuevas perspectivas metodológicas

Aging Well in Asia: Asian Development Policy Report

Challenges and concerns surrounding China’s retirement age reform

Smaller than We Thought? The Effect of Automatic Savings Policies

January 2025

Financial Inclusion Across the United States

Efectos de los Retiros Anticipados de los Fondos de Pensiones

2024 BlackRock Read on Retirement