Labor Market Archives - Page 5 of 36 - Pension Policy International

18SepSeptember 18, 2024

Japan faces labor shortages and demographic crisis as elderly population hits record high

Japan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed that Japan’s population aged 65 and over had risen to an all-time high of 36.25 million. While the country’s overall population has been declining, the segment of those aged 65 and above has grown to 29.3% of the population, the highest...

September 18, 2024

NewsAging, Japan, Labor Market

13SepSeptember 13, 2024

Improving Job Quality in Latin America: A Long Road Ahead

Job opportunities exist in Latin America and the Caribbean, but the quality of employment remains a significant challenge. According to the Inter-American Development Bank (IDB), urgent measures are needed to ensure workers can escape poverty and enjoy social protection. Latin America and the Caribbean face a persistent issue: while many people are employed, the quality of those jobs leaves much to be desired. According to the 2024 Better Jobs Index from the Inter-American Development Bank (IDB), the region’s employment quality scores...

September 13, 2024

NewsLabor Market, Latin America

06SepSeptember 6, 2024

Financial Inclusion, Inequality, and Retirement Trends Among Older Workers

By Issac Marcelin & Wei Sun The study develops a financial inclusion index comprising three dimensions: usage, barriers, and access to financial resources. It employs a Principal Component Analysis to determine the weights of each dimension. This index helps assess the impact of financial inclusion on various factors like ethnic groups, minorities, human capital, retirement, wealth outcomes, and mental well-being. Our research reveals new psychological and sociological impacts of accessing financial products. Households with higher financial inclusion scores are likelier...

September 6, 2024

Articles, Pension design2024, Financial Inclusion, Labor Market, Retirement Planning

06SepSeptember 6, 2024

How European countries are reforming pensions to tackle rising costs, worker shortages

German measures to incentivize workers to retire later come as governments across Europe are turning to pension reforms to address worker shortages and ease the burden on their pension systems. Here is what other European countries are doing. FRANCE Almost half of all developed countries are expected to raise their official retirement age in the future, resulting in an average age of retirement of 66 years within the Organisation for Economic Co-operation and Development. Nevertheless, this is a politically divisive topic, which can have a...

September 6, 2024

NewsLabor Market, Pension Management

29AugAugust 29, 2024

Gig economy is failing workers and needs urgent reform

In the recently released Chinese film Upstream, middle-aged lead Gao Zhilei, played by Xu Zheng, signs up as a food delivery driver to support his family after losing his white-collar job. Gao’s predicament is mirrored across the global working landscape where gig work has become a cost-effective way to fill temporary positions. The bulk of the work is in the food delivery, ride-hailing and home service sectors – a result of the emergence of app-driven, platform business models. But areas such as information...

August 29, 2024

NewsChina, Informal Sector, Labor Market

26AugAugust 26, 2024

UK has record 991,000 self-employed workers aged 60 or over

The number of people aged 60 and older who are self-employed has reached a record of almost 1 million, research suggests. This represents an increase of more than a third (33%) in the past decade, to reach 991,432 self-employed people aged 60 or over in 2023, according to analysis by Rest Less, which offers advice to older people. The analysis found that while the number of self-employed workers in their 50s and older has grown since 2021, it is those in...

August 26, 2024

News, UncategorizedInformal Sector, Labor Market, UK

23AugAugust 23, 2024

Brazil’s population decline will happen sooner than predicted

The Brazilian Institute of Geography and Statistics (IBGE) has periodically published findings from the 2022 Census. The population count flagged the fast and steep aging of the Brazilian population, and new projections from the IBGE now show just how steep this process is. According to the new calculations, which factor in indicators such as fertility rate (number of births per woman), life expectancy, and migration, the Brazilian population will increase from the current 203 million inhabitants to 220 million in 2041 — when it...

August 23, 2024

NewsAging, Brazil, Labor Market

19AugAugust 19, 2024

How to solve the crisis of the pension system in the EU?

The demographic time bomb in Europe has been ticking for decades. The countries of the European Union are getting older, and people are living longer. More than a fifth of the population of the European Union is now aged 65 or over. That number is expected to grow to a third by 2050. Last year, the World Health Organization warned that in 2024, the number of people over the age of 65 will exceed the number of people under the...

August 19, 2024

NewsAging, EU, Labor Market, Sustainability

31JulJuly 31, 2024

When Institutions Interact: How the Effects of Unemployment Insurance are Shaped by Retirement Policies

By Matthew Gudgeon, Pablo Guzman, Johannes F. Schmieder, Simon Trenkle & Han Ye This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in a first-order way on the structure of retirement policies. Using German data, we first present reduced-form evidence of these interactions, documenting large bunching in UI inflows at the age that allows workers to claim their pension following UI expiration. We then estimate a dynamic life-cycle model and use it to...

July 31, 2024

Articles, Labor Market2023, Germany, Labor Market, Public Policy, Social Security

31JulJuly 31, 2024

Unemployment in Informal Labor Markets in Developing Countries

By Emily Breza & Supreet Kaur Developing countries typically exhibit low rates of rural wage employment. For example, in India, male workers whose primary source of earnings is wage labor report working on only 46 percent of days per year.1 Bangladesh has a similarly low 55 percent rate of employment among landless males, and the rates are even lower in sub-Saharan Africa. What do these low employment rates mean? One possibility is that they reflect extremely high involuntary unemployment. Alternatively, the rates...

July 31, 2024

Articles, Labor Market2024, Africa, Asia, Informal Sector, Labor Market

September 2024

Japan faces labor shortages and demographic crisis as elderly population hits record high

Improving Job Quality in Latin America: A Long Road Ahead

Financial Inclusion, Inequality, and Retirement Trends Among Older Workers

How European countries are reforming pensions to tackle rising costs, worker shortages

August 2024

Gig economy is failing workers and needs urgent reform

UK has record 991,000 self-employed workers aged 60 or over

Brazil’s population decline will happen sooner than predicted

How to solve the crisis of the pension system in the EU?

July 2024

Unemployment in Informal Labor Markets in Developing Countries