By Jing Wang & Jiuheng He Information and communication technologies (ICTs) have become central to public-facing policy programs, yet they remain undertheorized, only treated as either instruments or objects of such policies. This paper argues that ICTs in such programs operate as transductive infrastructures, a delivery chain not only transmitting policy information but also defining […]

By Alina Malkova When governments expand pension systems, families reduce intergenerational transfers. This paper tests the reverse: do families substitute back toward informal insurance when governments renege on pension promises? I study Russia’s 2014 funded pension freeze, which eliminated future contributions for workers born after 1967, using RLMS panel data (2010–2023) and a cohort difference-in-differences […]

By Allen Mendenhall & Dan Sutter State public pension systems manage over $6 trillion in assets while facing approximately $1.3 trillion in unfunded liabilities, raising fundamental questions about governance effectiveness and fiduciary accountability. This Article examines these challenges through the analytical framework of governance, applying insights from public choice, principal-agent models, and corporate governance to […]

Several large public pension funds filed comments opposing the Securities and Exchange Commission’s (SEC) proposal to rescind its 2024 climate-risk disclosure rule. They wrote that eliminating standardized greenhouse gas emissions reporting would increase costs for investors and reduce the quality of information available for investment decisions. The SEC proposed rescinding the rule on May 29, […]

How much sav­ings does a per­son in China need for retire­ment? A report released by Sun Life Fin­an­cial Inc, based on a quant­it­at­ive sur­vey of 3,201 respond­ents and more than 20 expert inter­views, found that 65 per­cent of respond­ents believe 1 mil­lion yuan ($148,200) is suf­fi­cient. However, the report estim­ates that a retiree spend­ing an […]

Decisions about who contributes, who receives benefits, where pension funds are invested and how institutions are governed are influenced by government policy, economic conditions, organised labour, financial markets and competing national interests. The political economy of pension management, therefore, concerns the interaction between political power and economic decision-making within the pension system. In Ghana, this […]

Key Takeaways for Couples Without Children Planning Retirement Consider a flexible withdrawal strategy. Align your portfolio with your goals. Make a long-term-care and estate plan. Plan ahead for aging in place. Consider working with a financial advisor. Valentina Djeljosevic: Hi, I’m Valentina Djeljosevic with Morningstar. Welcome to Retirement Planning for Real Life. In today’s episode, we’ll talk about […]