Labor Market Archives - Page 5 of 35 - Pension Policy International

18JulJuly 18, 2024

Demographic crisis looms: UN warns S. Korea’s population to halve by 2089

The United Nations predicts South Korea’s population will shrink drastically to 25.85 million in 2089, roughly half its current 51.71 million. According to the UN’s latest population report released on July 17, South Korea’s population, currently at 51.71 million, will decline to 21.85 million by 2100, which is 42% of its present level. The UN forecasts that South Korea’s population will drop to the 40 million range by 2037, the 30 million range by 2060, and the 20 million range by...

July 18, 2024

NewsAging, Labor Market, South Korea

17JulJuly 17, 2024

UK. The new Labour Government and pensions: the employer perspective

The Pensions & Lifetime Savings team here at Burges Salmon has been closely following the UK’s general election and recently posted this passle on what the pension industry should expect from the new Labour Government. But what are the particular implications for Employers? Ahead of tomorrow’s Kings Speech, which we hope will offer greater clarity on the new Government’s immediate pensions priorities, here are some thoughts on key topics that Employers should be looking out for: The DB Funding Code Scheme funding is of course...

July 17, 2024

NewsFunding, Labor Market, UK

17JulJuly 17, 2024

What immigration means for economies as populations get older

Projections by the Census Bureau predict that within 10 years, the number of people 65 and older in the U.S. will be larger than the number of people under 18. Populations getting older is a global trend for the long-industrialized countries — something with sweeping effects on economics, social safety nets and immigration. Marketplace’s senior economics contributor Chris Farrell has been looking into this. He spoke with “Marketplace Morning Report” host David Brancaccio and the following is an edited transcript of their conversation. David...

July 17, 2024

NewsAging, Immigration, Labor Market

16JulJuly 16, 2024

Pensions Have ‘Critical’ Role in Strengthening Public Safety Workforce

For states and municipalities, offering public safety workers a sufficient defined benefit pension benefit is key to maintaining a healthy public safety workforce, according to new research, with a knock-on effect on both public safety and protecting property. For states and cities, offering pension plans to police officers and firefighters—particularly—is critical to sustain a robust public safety workforce to fight fires and maintain public safety, according to a National Institute of Retirement Security paper, “The Role of Defined Benefit Pensions in...

July 16, 2024

NewsDefined Benefit, Labor Market

12JulJuly 12, 2024

South Asia’s ‘youth bulge’ masks aging population

Zahirul Islam, a 52-year-old cafe manager in Dhaka, Bangladesh, has worked all his life supporting his family, with little to save for old age. Facing retirement at 59, Islam expects to work for another seven or eight years before holding down a job becomes unfeasible. "Then, it may not be possible to continue working," he said in an interview with VOA. In eight years, Islam turns 60, joining Bangladesh's growing population of older people. With little savings and no pension plan, he...

July 12, 2024

NewsAging, Asia, Labor Market

12JulJuly 12, 2024

Career Expectations and Outcomes: Evidence (on Gender Gaps) from the Economics Job Market

By Brooke Helppie McFall, Eric D. Parolin & Basit Zafar This paper investigates gender gaps in long-term career expectations and outcomes of PhD candidates in economics. For this purpose, we match rich survey data on PhD candidates (from the 2008-2010 job market cohorts) to public data on job histories and publication records through 2022. We document four novel empirical facts: (1) there is a robust gender gap in career expectations, with females about 10 percentage points less likely to ex-ante expect to get...

July 12, 2024

Articles, Labor Market2024, Equality, Gender Gap, Income, Labor Market

12JulJuly 12, 2024

The Impacts of Raising the Public Pension Eligibility Age on the Lifestyles of Elderly People: Evidence from Japan

By Shinya Inukai With many countries facing rapid population aging, the sustainability of public pensions has become a pressing issue. I evaluate the impacts, including both employment and time allocation, of public pension reform on the lifestyles of the elderly. In Japan, all residents aged 20 or older are covered by the public pension, with eligibility determined mechanically based on age. I focus on the reform raising men's eligibility age from 60 to 61 in 2001 and estimate its impact...

July 12, 2024

Articles, Labor Market2024, Aging, Japan, Labor Market, Public Pensions

11JulJuly 11, 2024

70% of U.S. employers say benefits critical to attraction, retention efforts: report

Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six in 10 (61 per cent) said their employees will expect a wider variety of benefits options. Indeed, many employees — especially middle-income workers, younger workers and those...

July 11, 2024

NewsLabor Market, US

10JulJuly 10, 2024

Taiwan Shifts on Immigration as Birth Rate Falls

Taiwan is set to loosen regulations on hiring caregivers, opening the door for more foreigners to meet the rising demand for elderly care in its fast-graying society. A long-standing evaluation will soon no longer be required for the most vulnerable elderly to receive live-in assistance from foreigners, Deputy Labor Minister Wang An-pang told Taiwan's legislature last week. Like its East Asian neighbors, Taiwan is becoming a super-aged society, with people over 65 years old already comprising about 18 percent of the...

July 10, 2024

NewsAging, Immigration, Labor Market, Taiwan

08JulJuly 8, 2024

Empowering India’s Gig Workers: The Need for Comprehensive Legislation

In the bustling streets of India's cities, where the hum of traffic meets the aroma of street food, a new workforce is silently shaping the future. These are the gig workers the delivery drivers rushing through narrow lanes to bring you a warm meal, the freelance coders burning the midnight oil to meet a deadline, and the rideshare drivers ensuring you reach your destination safely. They are the backbone of a rapidly growing digital economy, offering flexibility and convenience...

July 8, 2024

NewsIndia, Informal Sector, Labor Market, Regulation

July 2024