May 2024
31May

Live Longer and Healthier: Impact of Pension Income for Low-Income Retirees

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....

May 31, 2024
Adequacy, Articles, , , ,
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16May

Up to 246 million older people may be exposed to heat risk by 2050 due to global warming

By Bob Yirka   A team of Earth and environmental scientists at the CMCC Foundation–Euro-Mediterranean Center on Climate Change, working with a pair of colleagues from Boston University, has found evidence suggesting that as many as 246 million people around the globe may be at risk of heat exposure by 2050 due to global warming and an aging population. In their paper published in the journal Nature Communications, the group describes how they used climate models to assess global hotspots and compared them with population projections for...

May 16, 2024
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April 2024
26Apr

Another brick on the Wall: On the Effects of Non-Contributory Pensions on Material and Subjective Well Being

By Rosangela Bando, Sebastian Galiani & Paul Gertler Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pensiones Alimentarias program established by law in Paraguay, which targets older adults living in poverty. Households with a beneficiary increased their level of consumption by 44 percent. The program improved...

April 26, 2024
Articles, Pension design, , , ,
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05Apr

The future of life expectancy

By Prachi Patkee & Adam Strange Human longevity is one of the great success stories of the past century, and there is broad consensus that there are further gains to come. Mortality improvement forecasts underpin the insurance industry's long-term mortality and longevity lines of business. To generate long term forecasts, defined as beyond 20 years, a holistic view of the factors that influence mortality, which combine analyses of historic trends with a forward-looking view of medical advances, societal changes and...

April 5, 2024
Books, Books, Labor Market, Reports, , ,
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January 2024
02Jan

US. California Offering Health Insurance To Undocumented Immigrants: What To Know

Undocumented adults between the ages of 26 and 49 in California will qualify for health insurance under the state’s Medi-Cal program beginning Monday, provided they meet eligibility requirements for the program, which is designed to insure low income residents. This move expands the state’s health insurance coverage to include all undocumented immigrants—the state previously only covered undocumented children, those between 19 and 25 and those 50 years and older.​​ This expansion—which was approved in legislation in May—will make around an additional 700,000 undocumented residents eligible...

January 2, 2024
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02Jan

The research aiming to keep people healthier for longer

Despite what the young might like to think, ageing is inevitable as adulthood progresses. In How We Age, geneticist Coleen Murphy provides no silver bullets for remaining youthful. Rather, she offers a scholarly account of the state of ageing research that is both lively and personal. She also gives real insight into the ups and downs of leading a research laboratory. The book is a paean to the power of invertebrate model organisms such as the worm Caenorhabditis elegans and fruit fly Drosophila melanogaster,...

January 2, 2024
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December 2023
01Dec

The health status of the retirement-age population: a first approach

By Laura Crespo & Juan F. Jimeno Rationale The health of the population aged 55 to 69 influences their labour supply and retirement decisions. This article aims to document their health status, in Spain and in other European countries, drawing on data from the Survey on Health, Ageing and Retirement in Europe (SHARE). Takeaways •There are marked differences by gender in the health status of the Spanish population aged 65 to 69. Among women, 62.9% report chronic health problems, 30.1% mobility limitations and 32.1%...

December 1, 2023
Articles, System Characterization, , ,
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01Dec

Meeting multiple objectives: The pension fund addressing mental health

With the right governance models pension funds can play a role in broader societal issues, such as mental health in the workplace, while still delivering financial security for members. A unique “democratic governance structure” at the Danish Velliv Association allows it to manage multiple objectives – delivering value to members and focusing philanthropic efforts on mental health in the workplace –  chief executive Lars Wallberg told delegates at the Sustainability in Practice conference at Oxford University. The commercial Danish pension...

December 1, 2023
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November 2023
10Nov

Health and Retirement: Heterogeneity in the Responsiveness to Pension Incentives

By De Fen Hsu, Melinda Sandler Morrill & Aditi Pathak Workers often time retirement around pension eligibility, yielding a strong instrument for retirement timing.  By estimating the characteristics of the complier population, we find heterogeneity by individuals' health status in the responsiveness to pension-related financial incentives to retire.  Workers in poor health do not uniformly retire earlier or later, but rather are less responsive overall to pension incentives.  Thus, characterizing compliers may yield different conclusions than simple comparisons of means. Source...

November 10, 2023
Articles, System Characterization, ,
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September 2023
22Sep

Population Aging and Economic Growth: From Demographic Dividend to Demographic Drag?

By Rainer Kotschy & David E. Bloom  This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing working-age shares in a standard empirical growth model using country panel data from 1950–2015. We then juxtapose the estimates with predicted shifts in population age structure to project economic growth in 2020–2050. Our results indicate that population aging will slow economic growth throughout...

September 22, 2023
Aging, Articles, , ,
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