February 2020

07Feb

Demography and Provisions for Retirement – the Pension Composition, a Behavioral Approach

By B.M.S. van Praag, J. Hop Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings, mandatory fully-funded occupational pension systems, mandatory social security financed by pay-as-you-go, and old-fashioned hoarding in cash. Here, we call the specific mixture of the four systems the pension composition. We assume that individual workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of...

February 7, 2020
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01Feb

Challenges of Retirement Policy, Social Security Reform, and Retirement Income: A Discussion with Alicia H. Munnell, PhD

By Alicia H. Munnell, Robert Powell, Jason J. Fichtner, Teresa Ghilarducci Director of the Center for Retirement Research at Boston College, Alicia H. Munnell talked with with members of the Retirement Management Journal Editorial Advisory Board in February 2019 about the challenges of addressing retirement policy at the national level and the practical steps advisors can take to help support their clients in retirement. Source: SSRN

February 1, 2020
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January 2020

24Jan

Health Inequality Among Chinese Older Adults: The Role of Childhood Circumstances

By Binjian Yan, Xi Chen, Thomas M. Gill This paper examines the extent to which childhood circumstances contribute to health inequality in old age and how the contributions may vary across key dimensions of health. We link the China Health and Retirement Longitudinal Study (CHARLS) in 2013 and 2015 with its Life History Survey in 2014 to quantify health inequality due to childhood circumstances for which they have little control. We evaluate comprehensive dimensions of health ranging from cognitive...

January 24, 2020
Aging, Articles, , , ,
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16Jan

China’s social insurance system remains stable

China's social insurance system remained stable in 2019, according to the Ministry of Human Resources and Social Security. By the end of 2019, a total of 967 million people were covered by basic old-age insurance, about 205 million were enrolled in unemployment insurance, and around 255 million people held work-related injury insurance. The gross revenue of the three social insurance funds totaled 5.82 trillion yuan (about 844 billion U.S. dollars), and the total expenditures hit 5.41 trillion yuan in...

January 16, 2020
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09Jan

The World’s Best Places to Retire in 2020

“Where should I retire?” This is the question we hear most often at International Living, and every January we give you our most definitive answer in the form of our Annual Global Retirement Index. When it was first conceived, our Retirement Index was our special way of coping with an embarrassment of riches. At that stage, IL had already spent over a decade exploring all manner of dream locales. The result was a huge and exciting variety of choice and opportunity. Fast-forward to...

January 9, 2020
Books, Pension design, , ,
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09Jan

Estonia. Public ill-informed about pensions and retirement: Research

According to recent market research, awareness among the Estonian public about the impending pension reform is low, with many not knowing key facts surrounding the move to make the so-called second pillar, referring to employee contributions to pension schemes, voluntary, where it had previously been mandatory for most wage earners. This was particularly the case among young people, with higher awareness recorded among those aged over 55, as well as professionals, according to the survey commissioned by pollsters Turu-uuringute on...

January 9, 2020
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09Jan

Solving Chile’s Crisis Starts With Fixing Its Pension System

BY JORGE HEINE Protesters cite the Pinochet-era retirement scheme as their top grievance. Fixing it will mean a return to basic principles of social security. As Chile’s protests continue into the new year, it is important to understand the reasons behind the public’s frustration – and for policymakers to come up with ways to address it. In that, no issue is more important than Chile’s private pension scheme, singled out in opinion polls as the most important issue for...

January 9, 2020
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03Jan

Social Security and Pension Reform: International Perspectives

By Marek Szczepanski, John A. Turner Countries around the world are reforming their social security and pension systems. International studies often focus on social security reforms in Europe and North America, and may include Latin America. Reforms, however, are also occurring in Asia and Africa, and include reforms of voluntary and employer-provided pensions as well as social security programs. This book discusses both social security and employer-provided pension reforms, as well as reforms in most regions of the world....

January 3, 2020
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December 2019

16Dec

The Old-Age Security Motive for Fertility: Evidence from the Extension of Social Pensions in Namibia

By Pauline Rossi (University of Amsterdam), Mathilde Godard (GATE-LSE, Lyon) The old-age security motive for fertility postulates that people's needs for old-age support raise the demand for children. We test this widespread idea using the extension of social pensions in Namibia during the nineties. The reform eliminated inequalities in pension coverage and benefit across regions and ethnic groups. Combining differences in pre-reform pensions and differences in exposure across cohorts, we show that pensions substantially reduce fertility, especially in late...

December 16, 2019
Aging, Articles, Labor Market, , ,
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09Dec

Pakistan. PMYAP ‘Social Protection’ programme to provide social security, legal aid to youth

Prime Minister Youth Affairs Programme (PMYAP)has worked out its first comprehensive “Social Protection” programme aimed to provide social security and legal aid to the youth facing community issues and conflicts. A PMYAP official told APP, the programme would provide protection and security to the youth who were indulged in drug addiction and other wrong practices leaving their household in pathetic condition adding,“It would create awareness among the youngsters to prevent from social evils and wrong practices and would also...

December 9, 2019
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