By Seth Benzell, Laurence J. Kotlikoff & Victor Yifan Ye This study deploys a multi-region, dynamic life-cycle, general equilibrium model to assess demography’s impact, through the course of this century, on global development. Our model’s 17 regions encompass more than 150 countries comprising 99% of the world’s population. Output is produced with three labor skill […]

By Xiaoyun Zhang & Yiyang Luo This paper investigates the long-term consequences of involuntary job displacement on multidimensional health outcomes among middle-aged and older adults in urban China, using the 2014 China Health and Retirement Longitudinal Survey (CHARLS) Life History Questionnaire. To address the endogeneity of job loss, we exploit business closures, position cancellations, and […]

By Andrew G. Biggs The near disappearance of traditional defined benefit pensions is often treated as a loss for retirement security. This paper asks a different question: whether workers and employers value guaranteed pension benefits enough to bear their full economic cost. ERISA made private pensions more secure but also more expensive, after which traditional […]

If you’re one of the millions of Americans saving for retirement with a 401(k) or similar account, you assume (and hope) your financial and personal information are safe. But did you know that retirement plan service providers may share or sell your personal information or use it to market other financial products and services? Today’s […]

BlackRock has switched the indices of euro and US dollar high yield corporate bond ETFs in favour of softer ESG credentials to suit the updated sustainability targets of a Nordic pension fund. The $582m iShares € High Yield Corp Bond ESG Paris-Aligned Climate UCITS ETF (HYPE) and the $423m iShares $ High Yield Corp Bond […]

Disney is offering longtime executives early retirement packages amid larger cost-cutting efforts and ongoing layoffs. The offer, announced in a memo to staff sent by Senior EVP and Chief People Officer Sonia Coleman on Monday, the time-limited, company-sponsored Voluntary Early Retirement Offer (VERO) program is set to give eligible executives the opportunity to retire now […]

My mother spent much of her working life as a home-help organiser, helping other people remain independent and supporting families who needed care. When she eventually needed help herself, however, that lifetime of contribution gave her no particular claim on the care she required. She simply had to pay for it. That always struck me […]