Labor Market Archives - Page 26 of 39 - Pension Policy International

07AprApril 7, 2022

The economy-wide effects of mandating private retirement incomes

By George Kudrna This paper investigates the economy-wide effects of mandating private (employment-related) pensions. It draws on the Australian experience with its Superannuation Guarantee legislation which mandates contributions to private retirement (superannuation) accounts. Our key objective is to quantify the long-run implications of alternative mandatory superannuation contribution rates for household economic decisions over the life cycle, household welfare, and macroeconomic and fiscal aggregates. To that end, we develop a stochastic, overlapping generations (OLG) model with labor choice and endogenous retirement,...

April 7, 2022

Articles, Pension design2022, Australia, Labor Market, Private Pensions, Social Security

01AprApril 1, 2022

Why Society Needs To Change How We Think About Aging

With the Age Discrimination in Employment Act coming into force back in 1967, the notion of age discrimination has a long history. Unfortunately, it’s an issue that we still grapple with today, and whereas it’s easy to assume it’s only a problem for those in and around retirement age, a survey from Senior Living suggests it can kick in as early as our 40s. The research, which saw over 1,100 Americans over 40 years of age quizzed about their workplace...

April 1, 2022

News2022, Aging, Labor Market, Longevity

31MarMarch 31, 2022

UK. Flexi-retirement increasingly common due to gig economy

Flexi-retirement is becoming increasingly common, as more and more retirees are opting to work part-time in the gig economy. According to a new report from Abrdn, two thirds of people retiring in 2022 do not plan on giving up work completely. This compares to just over half of those who retired in 2021 and a third of 2020 retirees. The report, which surveyed 2,000 UK adults, reveals how the “class of 2022” plan to spend their and money in retirement. A quarter said...

March 31, 2022

News2022, Informal Sector, Labor Market, Retirement Age, UK

21MarMarch 21, 2022

US. How to Improve Retirement Readiness in Under-represented Groups

For plan sponsors wondering what they can do to help diverse workers increase their retirement savings, a new paper outlines plan features and strategies that can help bolster savings for underserved workers. In Improving Retirement Readiness for Underrepresented Groups, Alight explains that employers have benefited from a diverse population of employees, as these individuals brought unique perspectives to the workplace. These employees have also brought a wide range of retirement savings behaviors that have not necessarily led to positive outcomes,...

March 21, 2022

News, Slider2022, Equality, Income, Labor Market, US

10MarMarch 10, 2022

Report on the economic impact of coronavirus disease (COVID-19) on Latin America and the Caribbean

By ECLAC On 26 March 2020, the Government of Mexico convened a virtual ministerial meeting on health affairs for response and follow-up to the COVID-19 pandemic in Latin America and the Caribbean, which was attended by foreign ministers and health representatives from 30 countries of the Community of Latin American and Caribbean States (CELAC), as well as regional organizations. As a result of the meeting, CELAC formed a strategic alliance with the Economic Commission for Latin America and the Caribbean (ECLAC)...

March 10, 2022

Books, System Sustainability2020, COVID-19, Labor Market, Latin America, Political economy

07MarMarch 7, 2022

You Quit Your Job, but You Still Need a Retirement Plan

When she realized she wanted to quit her job at a San Francisco software company, Anna Rider was taking care of two babies: a food blog that she wanted to grow, and her actual child — the son she had five months ago. So Ms. Rider left, becoming one of the tens of millions of Americans who gave their notice in the past year and joining the cultural moment that has come to be known as the Great Resignation. She not...

March 7, 2022

News, Slider2022, Labor Market, US

23FebFebruary 23, 2022

UK. DWP confirms GMP revaluation rate reduction

The government has confirmed it will reduce the GMP fixed rate revaluation rate for early leavers from 3.5% to 3.25% per year. In response to its consultation - published last year - the Department for Work and Pensions (DWP) said the new rate will apply to members where applicable from 6 April 2022. Where a member of a formerly contracted-out pension scheme leaves the scheme before pensionable age - an ‘early leaver' - the scheme must revalue its GMP to when...

February 23, 2022

News, Slider2022, Labor Market, savings, US

31JanJanuary 31, 2022

China rolling out perks to encourage couples to have 3rd child amid demographic crisis

Amidst a demographic crisis (/topic/demographic-crisis), China is happily rolling out a slew of supportive measures to encourage couples to have a third child. Fabien Baussart, President of CPFA (Center of Political and Foreign Affairs), in a blog post in The Times of Israel said that the new sets of incentives include perks such as baby bonuses, extended paid leaves, tax cuts and childbearing subsidies, among others. The Chinese authorities are pushing organizations and local administrations to offer handsome douceur to the...

January 31, 2022

News, Slider2022, Aging, China, Labor Market

21JanJanuary 21, 2022

Is Demand for Older Workers Adjusting to an Aging Labor Force?

By Damir Cosic & C. Eugene Steuerle This paper analyzes the demand for older workers, their substitutability with younger workers, and how well the demand for older workers tracks changes in the age composition of the labor force. The main data source for the analysis is the Quarterly Workforce Indicators from 2000 to 2018, which provides earnings and employment by sector and metropolitan statistical area. The analysis also uses KLEMS national data to estimate the sector-specific price and quantity of...

January 21, 2022

Aging, Articles2021, Labor Market, Pension design

21JanJanuary 21, 2022

Germany wants to attract 400,000 skilled workers from abroad each year

Germany's new coalition government wants to attract 400,000 qualified workers from abroad each year to tackle both a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus pandemic. "The shortage of skilled workers has become so serious by now that it is dramatically slowing down our economy," Christian Duerr, parliamentary leader of the co-governing Free Democrats (FDP), told business magazine WirtschaftsWoche. "We can only get the problem of an ageing workforce under control with...

January 21, 2022

News, Slider2022, Aging, Germany, Labor Market

April 2022

Why Society Needs To Change How We Think About Aging

March 2022

UK. Flexi-retirement increasingly common due to gig economy

US. How to Improve Retirement Readiness in Under-represented Groups

Report on the economic impact of coronavirus disease (COVID-19) on Latin America and the Caribbean

You Quit Your Job, but You Still Need a Retirement Plan

February 2022

UK. DWP confirms GMP revaluation rate reduction

January 2022

China rolling out perks to encourage couples to have 3rd child amid demographic crisis

Is Demand for Older Workers Adjusting to an Aging Labor Force?

Germany wants to attract 400,000 skilled workers from abroad each year