May 2025
23May

European semester thematic factsheet adequacy and sustainability of pensions

Pensions are the main source of income for older people in Europe, coming mostly from 'pay-as-you-go' public schemes. Retired people drawing a pension are a significant and — due to demographic ageing — a growing part of the EU population (about 124 million, or a quarter of the total population1). European pension systems are facing the dual challenge of remaining financially sustainable and being able to provide Europeans with an adequate income in retirement. The key purpose of pension...

May 23, 2025
Adequacy, Books, Books, System Sustainability, , , ,
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23May

A Canadian Approach to Rethinking Technology Design for Aging Populations

By Milena Head Older adults are the fastest-growing segment of the population. In Canada, one in five people are 65 or older, and by 2065, this will increase to more than one in four. Yet, despite their growing numbers, older adults often face exclusion and marginalization in technology design. This digital divide has significant consequences, leading to isolation, loneliness, frustration, and poor health outcomes, particularly when we intersect factors like lower socioeconomic status, race, gender, and immigrant status. Source: @SSRN

May 23, 2025
Aging, Articles, , , ,
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05May

Brazil social security minister latest to quit in major pension fraud scandal

Brazil's Social Security Minister, Carlos Lupi, has resigned nine days after police unveiled a major corruption scandal which defrauded pensioners of $1.1bn (£829m). Federal police allege that over the past decade, the National Social Security Institute (INSS) made unauthorised deductions from payments made to millions of pensioners. The money was allegedly paid to several associations and unions, which then shared the earnings with corrupt government officials. Lupi has always denied any wrongdoing and said he ordered an investigation as soon as he...

May 5, 2025
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April 2025
09Apr

State of Social Protection Report 2025: The 2-Billion-Person Challenge

By The World Bank   Today, more people have access to social protection now than at any point in history. Over the last decade, 4.7 billion people across low- and middle-income countries gained access to social protection. However, critical gaps remain. Two billion people in those countries remain uncovered or inadequately covered by social protection. The State of Social Protection Report 2025: The 2-Billion-Person Challenge documents advances and challenges to strengthening social protection and labor systems across low- and middle-income countries and...

April 9, 2025
Books, Books, Reports, System Characterization, , , ,
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March 2025
28Mar

Parental Leave Policies, Fertility, and Labor Supply

By Daisoon Kim & Minchul Yum South Korea has been facing persistently low fertility rates and large gender gaps in labor supply. In response, the government has expanded parental leave benefits to address these challenges. To evaluate the effectiveness of these policies, we develop a quantitative, heterogeneous-household life-cycle model in which couples make joint decisions on careers, labor supply, savings, and child-related choices, including fertility, childcare, and parental leave take-up. The model is calibrated to recent Korean cohorts to replicate...

March 28, 2025
Aging, Articles, , ,
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28Mar

Considerations on ESG Investment Implementation

By Laura T. Starks Although interest in investing according to environmental, social, and corporate governance (ESG) standards is widespread, investment managers face a number of basic considerations with their portfolio choices. In this article, I give a high-level overview of these considerations within the context of the investor motivation: ESG values, ESG value, or both. These considerations include whether investors should exclude certain firms or use a positive tilt; how they could integrate ESG into an investment approach; the role...

March 28, 2025
Articles, Sustainability, , ,
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28Mar

Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice

By Andrew W. Lo, Jillian Ross We identify some of the most pressing issues facing the adoption of large language models (LLMs) in practical settings, and propose a research agenda to reach the next technological inflection point in generative AI. We focus on four challenges facing most LLM applications: domain-specific expertise, an ability to tailor that expertise to a user’s unique situation, trustworthiness and adherence to the user’s moral and ethical standards, and conformity to regulatory guidelines and oversight. These...

March 28, 2025
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28Mar

Future-Proofing the Longevity Economy: Innovations and Key Trends

By World Economic Forum The world is at a pivotal moment in its demographic transition, with more than one in four people now living in countries where the population has peaked. This shift, coupled with increasing life expectancy and declining birth rates, presents both urgent challenges and unprecedented opportunities. Building on the Longevity Economy Principles, this white paper synthesizes five key trends shaping the future of the longevity economy: building resilient public retirement systems; transitioning from savings accumulation to decumulation; enhancing the...

March 28, 2025
Aging, Articles, Books, Books, Reports, , , ,
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20Mar

What Age Do People Around the World Think Is Best to Reach Major Life Milestones?

When is the right time in life to get married or have a child? What is the best age to buy a home? Is there an ideal age for retirement? We asked adults in 18 mostly middle-income countries what they think is the best age to reach these life milestones. Overall, there is a lot of agreement around the world. A chart showing The ideal ages for major life events, according to people in 18 nations On average across the countries...

March 20, 2025
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20Mar

UK. DWP State Pension age to rise next year for thousands

The State Pension age will be rising from next year, the age is currently 66 for both men and women. It will gradually increase to 67 between 2026 and 2028 for those born after April 1960. The transition process is then expected to be completed for everyone by March 2028. The planned change to the official age of retirement has been in legislation since 2014, with a further rise from 67 to 68, which is set to be implemented between...

March 20, 2025
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