Labor Market Archives - Page 20 of 39 - Pension Policy International

24FebFebruary 24, 2023

The rise of elderly workers: The Europeans defying retirement norms and working past the age of 70

While trade unions are mobilising in France to defend retirement at 62, throughout the European Union, men and women are working beyond the age of 65 or even 75. Who are they? The official statistics draw the average picture of a self-employed man aged between 65 and 69, working rather part-time in the health or social sector. But this average situation obviously overlooks the nuances from country to country. In which EU countries do people work beyond the age of 65? Firstly, it’s...

February 24, 2023

NewsAging, EU, Labor Market, Retirement Age

24FebFebruary 24, 2023

Gustavo Petro, Colombia’s president, wants to smother the gig economy

On february 22nd fleets of taxi drivers went on strike and tried to block roads in over two dozen cities in Colombia. Their beef was with Gustavo Petro, the country’s recently elected left-wing president. They cheered when Mr Petro’s administration said that it was going to regulate transport apps, such as Didi and Uber, which are illegal in the country. But his government’s proposals, which were leaked in January, created uproar among ordinary Colombians: one draft suggested they would...

February 24, 2023

NewsColombia, Informal Sector, Labor Market

21FebFebruary 21, 2023

UK urged to curb pension freedoms to boost workforce

Ministers seeking to boost the UK’s workforce should crack down on pension freedoms and tax breaks that encourage wealthy people to retire early, according to an influential think-tank. In a report on Tuesday, the Resolution Foundation set out a series of measures aimed at tackling the post-coronavirus pandemic rise in economic inactivity. That is now a crucial focus for Chancellor Jeremy Hunt, as he looks for ways to improve the UK’s growth prospects in his Budget on March 15. Hunt has...

February 21, 2023

NewsLabor Market, Regulation, UK

20FebFebruary 20, 2023

Asia’s population is shrinking faster than any other continent’s.

Asia faces a problem: Its population is aging faster than any other continent’s. A growing percentage of people in Japan, South Korea and China are over 65, and those countries’ economies are suffering because of a lack of available workers. Governments are struggling to find the money to support retirees. The problem is pronounced in Japan. I spoke to Motoko Rich, The Times’s Tokyo bureau chief, about what it means when a society ages this quickly. Claire: You’ve reported on the...

February 20, 2023

NewsAging, Asia, Labor Market

17FebFebruary 17, 2023

What matters for annuity demand: Objective life expectancy or subjective survival pessimism?

By Karolos Arapakis & Gal Wettstein Objective life expectancy and subjective survival pessimism (defined as the difference between objective and subjective life expectancy) may both affect the demand for annuities. The question this project answers is: how do these two explanations contribute to annuitization decisions in practice? To explore this question, the analysis estimates regression models that include objective life expectancy, subjective survival pessimism, and other characteristics that are linked to annuitization decisions. The results show that, as one would...

February 17, 2023

Articles, Pension design2023, Labor Market, Private design

16FebFebruary 16, 2023

Flexibility And Earning Potential, Two Lures Of The Gig Economy

We’ve been talking about the gig economy in the United States, which, by the end of 2022, had 70 million gig workers—the most in the world—and how this mode of working might tie in with inclusive capitalism. The choice to work freelance comes with pluses, as we found, and some minuses too. Most of the deficits take the form of the loss of financial security nets. Despite some isolated efforts on the part of U.S. lawmakers to give gig...

February 16, 2023

NewsInformal Sector, Labor Market

14FebFebruary 14, 2023

US. Are Pensions the Answer to the Public-Sector Worker Shortage?

It’s widely known that state and local governments are struggling to recruit and retain workers. In Maryland, there are about 6,000 job postings available. And in Wayne County, Michigan, another approximately 1,000 jobs are available. These mounting vacancies can threaten the continuity of vital public services in public safety, education and transportation. But as the number of layoff announcements in the private sector increase and a record number of Americans withdraw funds from their 401(k)s as a result of financial...

February 14, 2023

NewsAging, Labor Market, US

02FebFebruary 2, 2023

Trade Unions In Bangladesh Win Universal Pensions

The ITUC welcomes a new law passed in the Bangladesh parliament which establishes a framework for universal pensions. This new law represents a breakthrough following intensive advocacy from trade unions, as well as civil society groups, within the Bangladesh Social Protection Advocacy Network (BSPAN) to extend social protection in the country. The new law will provide, for the first time, the possibility for all Bangladeshi workers to benefit from income security in retirement. Previously, the pension system in Bangladesh was...

February 2, 2023

NewsBnagladesh, Labor Market, Regulation

27JanJanuary 27, 2023

Migration could prevent a looming population crisis. But there are catches

To developmental economist Lant Pritchett, "population decline" is a mild way to describe what could be a global demographic crisis. "The reaction is often 'ho-hum' as the rates [of population decline] are slow and hence the issue seems small and in the future," he told NPR in an email. But the problem is not small, he said, and falling birth rates could upend economies. Last week, China reported population decline for the first time in more than 60 years, raising questions about...

January 27, 2023

NewsAging, Labor Market

17JanJanuary 17, 2023

China’s Population Falls, Heralding a Demographic Crisis

The world’s most populous country has reached a pivotal moment: China’s population has begun to shrink, after a steady, yearslong decline in its birthrate that experts say is irreversible. The government said on Tuesday that 9.56 million people were born in China last year, while 10.41 million people died. It was the first time deaths had outnumbered births in China since the Great Leap Forward, Mao Zedong’s failed economic experiment that led to widespread famine and death in the 1960s. Chinese...

January 17, 2023

NewsAging, China, Labor Market

February 2023

The rise of elderly workers: The Europeans defying retirement norms and working past the age of 70

Gustavo Petro, Colombia’s president, wants to smother the gig economy

UK urged to curb pension freedoms to boost workforce

Asia’s population is shrinking faster than any other continent’s.

What matters for annuity demand: Objective life expectancy or subjective survival pessimism?

Flexibility And Earning Potential, Two Lures Of The Gig Economy

US. Are Pensions the Answer to the Public-Sector Worker Shortage?

Trade Unions In Bangladesh Win Universal Pensions

January 2023

Migration could prevent a looming population crisis. But there are catches

China’s Population Falls, Heralding a Demographic Crisis