May 2024
17May

The Incidence of Workplace Pensions: Evidence from the Uk’s Automatic Enrollment Mandate

By Rachel Scarfe, Daniel Schaefer & Tomasz Sulka We examine who bears the costs of mandated workplace pension programs, exploiting the quasi-experimental rollout of automatic enrollment in the UK. Total compensation (take-home pay plus employer contributions) increases, driven by employer contributions, while the amount of take-home pay decreases. These effects differ by employer size, with take-home pay declining to an extent in the largest firms that we can rule out a pass-through to employees of more than 47%, significantly less...

May 17, 2024
Articles, Pension design, , , , ,
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June 2022
24Jun

UAE entities should register GCC employees in pension, insurance system: GPSSA

The General Pension and Social Security Authority (GPSSA) called on the UAE-based entities to register their employees from the Gulf Cooperation Council (GCC) countries in the unified system for extending insurance protection. The authority explained that it includes those employed in the government and private sectors, free zones, and the hotel and tourism sector. Registering the GCC employees in the UAE is mandatory according to Law No.18, the UAE Cabinet issued on 22nd July, 2007, to regulate the provisions of insurance...

June 24, 2022
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April 2020
11Apr

Enlisting Employees In Improving Payroll-Tax Compliance: Evidence From Mexico

By Todd Kumler, Eric Verhoogen, Judith A. Frías A growing body of research suggests that difficulties in collecting taxes are an important constraint on economic performance in developing countries. Evidence from rich countries points to third- party reporting — in particular, employer reports of employees' wages — as a potential remedy. To what extent does the accuracy of third-party reporting carry over to developing countries, with their weaker enforcement regimes? In this paper, we compare two sources of wage information...

April 11, 2020
Articles, Labor Market, Operation, , ,
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May 2019

31May

Borrowing to Save? The Impact of Automatic Enrollment on Debt

By John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian, Bill Skimmyhorn Does automatic enrollment into retirement savings plans increase borrowing outside the plan? We study this question using a natural experiment created when the U.S. Army began automatically enrolling its newly hired civilian employees into the Thrift Savings Plan (TSP) at a default contribution rate of 3% of income. We find that four years after hire, automatic enrollment causes no significant change in debt excluding auto loans...

May 31, 2019
Articles, Savings, , ,
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July 2017

16Jul

How Hard Should We Push the Poor to Save for Retirement?

By Andrew G. Biggs (American Enterprise Institute) More than half of U.S. states are working to establish programs what would automatically enrollment in Individual Retirement Accounts (IRAs) workers who are not offered a retirement plan by their employer. These programs are designed to address a perceived shortfall of retirement saving, particularly among low-wage workers who are less likely to be offered an employer-sponsored plan. But the designers of state-run auto-IRA plans fail to consider three questions: Do the poor need...

July 16, 2017
Articles, Labor Market, Management, Savings, ,
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