admin, Author at Pension Policy International

07AugAugust 7, 2017

Uk. Ageing population to make productivity crisis worse

Britain’s productivity crisis risks getting worse because the population is ageing steadily, leaving relatively fewer younger, more dynamic workers who typically innovate more. Unless drastic action is taken to boost skills and creativity, or to increase the number of young workers, then growth will struggle to pick up, according to new economic research published in the journal of the National Institute of Economic and Social Research. “The share of young workers impacts the innovation process positively and, as a result, a...

August 7, 2017

NewsUK

07AugAugust 7, 2017

Kenya. NSE share rally boosts pension fund returns

Pension subscribers have begun reaping the benefits of a recovering equities market that has now boosted average returns for schemes above the rate of inflation. An industry survey by Actuarial Services East Africa (Actserv) for the quarter ending June shows that the average return for schemes rose to 8.1 per cent from 2.5 per cent in the first quarter, buoyed by a jump in returns on equity investments to 18.3 per cent compared to 0.2 per cent in quarter one. The...

August 7, 2017

NewsKenya

06AugAugust 6, 2017

Do Stereotypes About Older Workers Change? Evidence from a Panel Study Among Employers

By Hendrik P. van Dalen (Tilburg University) & Kene Henkens (Netherlands Interdisciplinary Demographic Institute) Background: Stereotypies of older workers and their productive value are believed to contrast with their actual potential. Still, these stereotypes among employers persist. Objective: This article examines whether managers have changed their views on older workers and if so what the driving forces are of these changes. Methods: Using panel data we examine the changes in attitudes among Dutch managers about the productive skills of older workers (50...

August 6, 2017

Aging, Articles, Labor MarketAging

06AugAugust 6, 2017

The Role of Self-Control on Retirement Preparedness of US Households

By Kyoung Tae Kim (University of Alabama), Jae Min Lee (Minnesota State University) & Eunice O. Hong (Sungshin Women's University) We examine the self-control problems of U.S households and their effects on households’ retirement preparedness based on the Behavioral Life-Cycle Hypothesis. Using the 2010 Survey of Consumer Finances dataset, the level of retirement adequacy was estimated with income replacement ratio (IRR), and only 42% of households were adequately prepared for retirement. Results from logistic regression analysis indicated that households with...

August 6, 2017

Aging, Articles, Pension design, Savings, Slider-LeftLabor Market, Savings

06AugAugust 6, 2017

How Do Local Labor Markets Affect Retirement?

By Leora Friedberg (University of Virginia), Michael Owyang (Federal Reserve Bank of St. Louis), Wei Sun (Renmin University of China) & Anthony Webb (Boston College) Compared with prime-age workers, older workers face an easier path out of the labor force if they lose their jobs during a recession. However, premature job exits or earnings losses in the years leading up to retirement may be particularly devastating to retirement savings. The authors analyze the impact of recent business cycles on retirement...

August 6, 2017

Articles, Labor Market, SavingsSustainability

04AugAugust 4, 2017

Chile. Retiro de fondos al jubilar y aporte estatal a clase media componen propuesta previsional de Piñera

Ya se conocían algunos lineamientos, pero a falta de unos días para conocer la propuesta oficial del Gobierno, el candidato presidencial de Chile Vamos, Sebastián Piñera, dio a conocer este jueves las iniciativas con las que pretende mejorar las pensiones. Junto con confirmar que en su eventual gobierno aumentará la cotización obligatoria en un 4% con cargo al empleador, el abanderado de la derecha sumó otras iniciativas, como aumentar en un 42% el aporte fiscal al Pilar Solidario, para incrementar...

August 4, 2017

NoticiasChile

04AugAugust 4, 2017

México. Elevar edad de retiro a 67 años mejoraría pensión 14%: Cepal

Ante el crecimiento demográfico y una mayor esperanza de vida, uno de los mayores retos que tiene el sistema de pensiones en el país es considerar elevar la edad de jubilación de 65 a 67 años, pues ello permitiría elevar la pensión del trabajador cuando se retire, indica la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En el estudio “El tsunami demográfico que se avecina: las nuevas proyecciones demográficas de la Comisión Económica para América Latina y...

August 4, 2017

NoticiasMexico

04AugAugust 4, 2017

UK. State Pension rise: insurance loophole could put workers at risk

The government's announcement that it is speeding up the increase in the State Pension age might be causing problems for people with income protection. Last week, work and pensions secretary David Gauke announced that the increase in the State Pension age – from 67 to 68 – is being brought forward and will now be phased in between 2037 and 2039. This change could leave people with income protection insurance facing a one-year gap in cover between when their benefits end...

August 4, 2017

NewsUK

04AugAugust 4, 2017

India. Government pension scheme to offer fixed rate of interest to investors

Interest rates will "slowly" become "reasonable", Finance Minister Arun Jaitley said on Thursday, a day after the RBI cut interest rates by 0.25 per cent. He also said that the government insurer LIC has come out with a pension scheme to offer fixed rate of interest to investors. A day after the RBI cut the interest rates, Jaitley said lending rate of 14-15 per cent will make India uncompetitive in the global market and industry cannot invest at such higher interest...

August 4, 2017

NewsIndia

04AugAugust 4, 2017

US. Pension Plans Had a Great Year, But Retirees Likely Won’t Benefit From It

Public pension plans are reporting double-digit investment returns, and some are even finishing with record highs this year. The high earnings are due to a robust stock market and are welcome news after two straight years of below-average returns for most pension plans. But finance experts say the investment boost likely won’t translate into an equally impressive reduction in pension debt because of the increasing cost of pensions. "Government contributions tend to be insufficient to reduce unfunded liabilities -- even if...

August 4, 2017

News

August 2017