Aging Archives - Page 8 of 63 - Pension Policy International

15NovNovember 15, 2024

Rethinking Pension Reform

By Giulia Giupponi & Arthur Seibold Population ageing is exerting unprecedented fiscal pressure on social security systems around the world. In response, many governments are implementing or planning pension reforms, often aimed at encouraging later retirement. A long-standing literature in public economics and labour economics investigates how the design of pension systems affects individual labour supply and retirement choices. In recent years, this literature has seen a revival, with a wave of new studies from Europe and the US combining high-quality...

November 15, 2024

Books, Books, System Sustainability2024, Aging, Pension design, Pension Reform, Public Policy

15NovNovember 15, 2024

Lessons on strengthening pensions and social insurance for sustainable development

By Gustavo Demarco, Gonzalo Reyes, Diego Wachs & Aaron Buchsbaum In today's rapidly evolving world, robust pension systems and social insurance programs are vital for ensuring economic stability, financial inclusion, and the well-being of citizens, particularly in the face of aging populations. Understanding the multifaceted benefits of these systems, as well as the challenges in implementing sustainable pension systems, is crucial for informed policymaking. The World Bank is responding by revitalizing its in-depth training courses for government officials. In a recent course, experts...

November 15, 2024

Articles, System Sustainability2024, Aging, Labor Market, Pension design, Public Policy, Sustainability

14NovNovember 14, 2024

China’s economy adapts to serve older people

One person's aging is another's opportunity. In China, companies and services are adapting to serve what demographers call the silver economy - hundreds of millions of people over the age of 60. NPR's Emily Feng has this report. (SOUNDBITE OF MUSIC) EMILY FENG, BYLINE: This is a drumming club in southwestern China for people over 65 years of age only. They've occupied a large warehouse base and filled it with rows of drums and disco lights. ZHU NANFEI: (Speaking Mandarin). FENG: Zhu Nanfei,...

November 14, 2024

NewsAging, China, Labor Market, Public Policy

13NovNovember 13, 2024

Brazil’s aging population poses challenges, economists warn

By Marsílea Gombata Brazil is set to experience rapid demographic changes within the next 20 years, which could slow economic growth and increase expenditures on healthcare and pensions. However, these shifts are not being adequately considered in government decision-making, according to economists from the Fundação Getulio Vargas’s Brazilian Institute of Economics (Ibre-FGV). They caution that, from a budgetary standpoint, the government should exercise greater caution with projected spending in areas like education, given the anticipated decline in the population aged...

November 13, 2024

News, OP Ed, Op-EdAging, Brazil, Labor Market

08NovNovember 8, 2024

Real-World Shocks and Retirement System Resiliency

By Olivia S. Mitchell, John Sabelhaus & Stephen P. Utkus Growing awareness of real-world shocks including market downturns, health surprises, and labor market readjustment is calling into question the ability of global retirement systems to remain healthy and sustain future retirees. Financial and labor market stresses are shaping how older workers fare as they head into retirement, and how younger workers must prepare financially for their futures. These shocks come on top of long-standing concerns surrounding rising longevity, along with...

November 8, 2024

Books, Books, Reports, System Characterization2024, Aging, COVID-19, Equality, Labor Market, Retirement Planning, US

08NovNovember 8, 2024

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...

November 8, 2024

Aging, Articles2024, Aging, Asia, Social Protection

08NovNovember 8, 2024

Forever young: where older workers keep on working

By Steven G. Allen & Ting Wang This paper examines inter-industry patterns of the employment of older workers over the last 20 years to understand where employment opportunities have grown the most. The underlying premise is that firms strategically align their age mix depending on production function and labor cost parameters. The industries that had the largest increases in the percentage of older workers were those that had the broadest pension coverage and those that made the greatest use of high-tech capital. There...

November 8, 2024

Articles, Labor Market2023, Aging, Labor Market, Retirement Age

04NovNovember 4, 2024

AI and Longevity: Can Artificial Intelligence Help Humans Live Longer?

As the global population ages, the quest for longevity and enhanced quality of life for older adults has become an urgent focus in the healthcare industry. Recent advancements in Artificial Intelligence (AI) have opened new frontiers in the understanding and treatment of aging-related conditions, prompting a surge in investments aimed at leveraging AI to foster healthier aging. The integration of AI into drug discovery processes has shown promise in identifying novel compounds that specifically target the biological mechanisms of...

November 4, 2024

NewsAging, AI, Technology

01NovNovember 1, 2024

Why older adults are especially vulnerable to climate change

When Hurricane Katrina devastated New Orleans in 2005, people ages 60 and older accounted for 75% of the deaths. During the Pacific Northwest heat wave of 2021, most of the nearly one thousand who died were older adults. People over age 65 accounted for three-quarters of the deaths in Washington state; in Oregon’s Multnomah County, the average age of the dead was 70. In the deadliest U.S. wildfire in more than a century — at Lahaina, Hawaii, in 2023 — more than two-thirds of the...

November 1, 2024

NewsAging, Climate crisis

30OctOctober 30, 2024

The U.K.’s fertility rate is at its lowest level in 90 years, far below the ‘replacement rate.’

A brewing demographic crisis in the U.K. might add another layer of complication to the country’s ebbing productivity rates, which the Labour government hopes it can tackle. Parts of the U.K. are seeing their lowest birth rates in about 90 years, or since World War II. With a productivity crisis looming large, a stubbornly low number of births could mean more problems for the U.K. than just an aging population. England and Wales are seeing fertility rates plummet to 1.44 children...

October 30, 2024

NewsAging, Labor Market, UK

November 2024

Rethinking Pension Reform

Lessons on strengthening pensions and social insurance for sustainable development

China’s economy adapts to serve older people

Brazil’s aging population poses challenges, economists warn

Real-World Shocks and Retirement System Resiliency

Forever young: where older workers keep on working

AI and Longevity: Can Artificial Intelligence Help Humans Live Longer?

Why older adults are especially vulnerable to climate change

October 2024

The U.K.’s fertility rate is at its lowest level in 90 years, far below the ‘replacement rate.’