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September 2019

03Sep

How the Mexican pensions sector plans to tackle a national demographic shift

As demographic shifts and technological innovations disrupt the Mexican pensions sector, industry leaders are seizing the opportunity to create a more sustainable and profitable future Linking the US with Central America, the expansive country of Mexico is the world’s 15th-largest economy and the second biggest in Latin America. Despite ongoing uncertainty surrounding the North American Free Trade Agreement, the Mexican economy has shown remarkable resilience of late, with the IMF expecting the nation to post a steady growth rate...

September 3, 2019
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August 2019

16Aug

The Effect of Pension Growth on the Labor Force Participation of Pensioners in Russia

By Victor Lyashok This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to estimate the net effect of income from such a reform. For evaluation, we used a method combining difference-in-difference and regression discontinuity methods. The results showed that real pension growth by a third reduced labor...

August 16, 2019
Articles, Labor Market, Pension design, ,
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July 2019

26Jul

Defined Benefit Pensions and Homeownership in the Post-Great Recession Era

By Tim Murray While housing equity accounts for a large portion of many retiree’s savings portfolios, they are not using their equity to increase consumption in retirement as suggested by the Life-Cycle Hypothesis. Defined benefit plans provide a guaranteed source of income in retirement where the household bears no risk, whereas households with a defined contribution plan are subject to potential risk depending on their asset allocation. This paper examines whether having a defined benefit plan mitigated some of...

July 26, 2019
Articles, Investing, Pension design, , , , ,
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26Jul

Retirement Security: Trends in Corporate Restructurings and Implications for Employee Pensions

By Charles A. Jeszeck, David Lehrer, Charles J Ford, Jessica Moscovitch, James Bennett, Lilia Chaidez, Michelle Munn, Jessica Orr, Cady Panetta, Rhiannon Patterson, Rachel Stoiko, Frank Todisco, Weigle Hannah, Adam Wendel Over the past 20 years, corporate restructurings, particularly mergers and acquisitions (M&A) tended to happen more frequently during periods of economic expansion. GAO's analysis found that from 1999 through 2018, M&A activity comprised the largest share of corporate restructurings. In terms of dollar value of completed deals, M&A...

July 26, 2019
Articles, Investing, Pension Management, , , ,
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19Jul

Reconstructing Retirement: Work and Welfare in the UK and USA

By David Lain In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prospects for work and retirement at age sixty five-plus in both the United States and the United Kingdom. After exploring the shifting logic behind both nations' policies--policies that increase both the need and opportunities to work past age sixty five--David Lain presents an original comparative statistical analysis on the...

July 19, 2019
Books, Pension design, System Sustainability, , , , ,
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12Jul

The Evolution of Retirement Incentives in the U.S.

By Courtney Coile Program Employment rates of older men and women in the U.S. have been rising for the past several decades. Over the same period, there have been significant changes in Social Security and private pensions, which may have contributed to this trend. In this study, we examine how the financial incentive to work at older ages has evolved since 1980 as a result of changes in Social Security and private pensions. We find that the implicit tax on...

July 12, 2019
Articles, Labor Market,
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12Jul

Retirement Home? Ageing Migrant Workers in France and the Question of Return

By Alistair Hunter This open access book offers new insights into the ageing-migration nexus and the nature of home. Documenting the hidden world of France's migrant worker hostels, it explores why older North and West African men continue to live past retirement age in this sub-standard housing. Conventional wisdom holds that at retirement labour migrants ought to instead return to their families in home countries, where their French pensions would have far greater purchasing power. This paradox is...

July 12, 2019
Books, Labor Market,
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01Jul

Europe’s population is aging rapidly. Here’s how to turn that into an opportunity

Ahead of this weekend's G20 summit in Japan, an elderly idol group called Obachaaan released a music video welcoming the new visitors to their city, Osaka.The energetic seniors dance and rap through the port city in the slapstick rap-style video, called "Oba Funk Osaka" -- which charmed at least one world leader."Like Japan, Singapore too has an aging population," Singaporean Prime Minister Lee Hsien Loong wrote in a Facebook post in reference to the demographic issue being on the global agenda at the G20 for...

July 1, 2019
News, Slider, ,
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May 2019

17May

Selfies for Portugal- An innovative Pan European Retirement Solution

By Robert C. Merton, Arun Muralidhar, Rui Seybert P Ferreira With a rapidly aging population, Portugal faces some serious pension challenges including a Social Security system which is under pressure, and pension benefits gradually approaching levels that will require individuals to supplement Social Security with private savings. In addition, Portugal has a low rate of financial literacy and hence transferring the responsibility of retirement planning to the general population runs a major risk of many individuals retiring poor. While some...

May 17, 2019
Articles, Pension design, Pension Management, , , , , ,
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November 2018

02Nov

Retirement Savings of the Hip Generation: A Study of Retirement Preparation among Individuals in Their Fifties

By M. Kabir Hassan (University of New Orleans - College of Business Administration - Department of Economics and Finance), Shari Lawrence (University of New Orleans - College of Business Administration - Department of Economics and Finance) Longer retirement periods coupled with the inadequacy of the Social Security system, low personal savings rates, and a decreasing trend in the prevalence of defined benefit retirement plans threaten to put a financial strain on individuals approaching retirement. To that end, we investigate retirement...

November 2, 2018
Articles, Savings, ,
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