Labor Market Archives - Page 28 of 39 - Pension Policy International

26NovNovember 26, 2021

India’s fertility rate falls below replacement level. What it means.

India's national Total Fertility Rate (TFR) has fallen below 2.0 for the first time, as per the latest National Family Health Survey (NFHS). The findings covered 11 states and three union territories that were not included in the first set of data released in December 2020. The latest set of findings of the NFHS 2019-21 survey released by the Union Health Ministry on Wednesday revealed that the average number of children born to a woman over her lifetime has dropped...

November 26, 2021

News, Slider2021, Aging, India, Labor Market

26NovNovember 26, 2021

Preventing Reforming Unequally

By Axel H. Boersch-Supan, Klaus Härtl, Duarte Nuno Leite & Alexander Ludwig Population aging has forced policy makers in most developed countries to reform pension systems with the aim to maintain or re-establish financial sustainability. This usually involves cost-cutting measures like later pension eligibility ages and lower replacement rates. Such reforms face harsh trade-offs with the objective of providing adequate pensions. Social welfare and inequality have emerged as crucial concerns about recent pension reforms, stressing that the lack of 'social...

November 26, 2021

Aging, Articles, Regulation2021, Income, Labor Market, Pension Reform

19NovNovember 19, 2021

US. For a workforce in flux, retirement plans and benefit options may be increasingly important

The tight labor market shows no signs of easing in the coming year, likely making benefits and retirement plan options an important part of employee recruitment and retention. “This open enrollment season is an important time for employers to get the pulse of their workforce and staffing needs as they face another year of competition for talent,” said Sri Reddy, senior vice president of retirement and income solutions for Principal Financial Group. Principal asked retirement plan participants and plan sponsors about...

November 19, 2021

News, Slider2021, COVID-19, Labor Market, System sustainability, US

09NovNovember 9, 2021

India’s informal economy more than halved

The Reserve Bank of India’s digital payments index also captures the spread of digital, taking into account growth in the payments infrastructure. Of the four key objectives of demonetisation, India appears to have done well on three. There has been a rise in digital transactions. Besides this, there has also been a drop in fake currencies. Counterfeit notes detected continued to fall from 3.1 lakh in FY19 to 2.9 lakh in FY20 and 2 lakh in FY21. There are also...

November 9, 2021

News, Slider2021, COVID-19, India, Informal Sector, Labor Market

22OctOctober 22, 2021

Designing a pension system

By Vincenzo Galasso Designing a pension system is both a complex endeavor and a long lasting legacy. Complexity stems from the many trade-offs that conceiving a pension system entail and from how these initial decisions affect the social and economic behavioral responses of workers and retirees. Policy-makers planning a pension system have to evaluate its internal economic consistency, but also these feedbacks. Economic and demographic models that allow a quantitative evaluation of these costs and benefits are required. More than...

October 22, 2021

Articles, Pension design2019, Italy, Labor Market, System sustainability

13OctOctober 13, 2021

Reconciling population and social expectations in Japan

Japan has been declared the world’s first ‘super-aged’ society and a ‘pioneer shrinking society’, rapidly inverting the demographic pyramid upon which the modern state has been built. Since 1989, when the low fertility rate of 1.57 became a major social concern, numbers have continued to trend downward. In June 2020, the Japanese government announced the preliminary results of the 2020 census revealing that the number of births in that year was the lowest on record. Government efforts since the mid-1990s...

October 13, 2021

News, Slider2021, Aging, Japan, Labor Market

11OctOctober 11, 2021

Employers offering retirement benefits report greater productivity during COVID, cite reduced employee stress: New research from HOOPP and Maru/Matchbox

Employers that offer retirement savings benefits report higher levels of employee productivity over the past year and have greater optimism for the future, according to the Canadian Employer Pension Survey, a survey of 845 Canadian employers by HOOPP and Maru/Matchbox. In addition, employers that offer retirement savings benefits believe it is very important to recruitment, retention and helping employees manage stress. “The survey found that a majority of employers see a connection between reducing employees’ financial stress and productivity,” said Steven...

October 11, 2021

News, Slider2021, Canada, COVID-19, Labor Market

08OctOctober 8, 2021

Social Security Programs and Retirement around the World: Reforms and Retirement Incentives

By Axel Börsch-Supan & Courtney Coile This ninth phase of the International Social Security project, which studies the experiences of twelve developed countries, examines the effects of public pension reform on employment at older ages. In the last two decades, men’s labor force participation at older ages has increased, reversing a long-term pattern of decline; participation rates for older women have increased dramatically as well. While better health, more education, and changes in labor-supply behavior of married couples may have...

October 8, 2021

Books, Pension design, Regulation2021, Labor Market, Pension Reform, Social Security

07OctOctober 7, 2021

Income Trajectories in Later Life: Longitudinal Evidence from the Health and Retirement Study

By Olivia S. Mitchell, Robert Clark, Annamaria Lusardi We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as they aged. We focus on low-income older adults and follow them over time to identify the factors associated with having low income at baseline and thereafter. We find that (a) real income remained relatively stable as individuals approached and entered retirement, and progressed through their retirement years, and (b) labor force participation declined and...

October 7, 2021

Aging, Articles, Pension design2021, Income, Labor Market, Social Security

24SepSeptember 24, 2021

One Country, Two Systems: Evidence on Retirement Patterns in China

By John Giles, Xiaoyan Lei, Gewei Wang, Stephen Yafeng Wang, Yaohui Zhao This paper documents the patterns and correlates of retirement in China using a nationally representative survey, the China Health and Retirement Longitudinal Study (CHARLS). After documenting stark differences in retirement ages between urban and rural residents, the paper shows that China's urban residents retire earlier than workers in many OECD countries and that rural residents continue to work until advanced ages. Differences in access to generous pensions and...

September 24, 2021

Articles, Pension design, System Sustainability2021, China, Gender Gap, Labor Market, Retirement Age

November 2021

India’s fertility rate falls below replacement level. What it means.

Preventing Reforming Unequally

US. For a workforce in flux, retirement plans and benefit options may be increasingly important

India’s informal economy more than halved

October 2021

Designing a pension system

Reconciling population and social expectations in Japan

Employers offering retirement benefits report greater productivity during COVID, cite reduced employee stress: New research from HOOPP and Maru/Matchbox

September 2021

One Country, Two Systems: Evidence on Retirement Patterns in China