March 2026
20Mar

Employee Satisfaction and Pension Shortfall Risk

By Annita Florou, Meng Li, Peter F. Pope & Nipat Puangjampa Defined benefit (DB) pension plans are important to employee welfare. However, they carry risk as they are subject to minimum funding requirements. We examine the effect of a relaxation in pension funding rules on employee satisfaction by exploiting the adoption of the Moving Ahead for Progress in the 21st Century Act (MAP-21). We find that employees of DB firms are less satisfied with their firms and their senior managers, after...

March 20, 2026
Articles, Pension design, , , ,
Read more...
20Mar

Universal Owner and Impact of Its Engagement Program: An Analysis of Engagement Records of Japan’s GPIF

By Masahiro Shibata & Kazunori Suzuki This study examines the impact of Japan’s Government Pension Investment Fund (GPIF) engagement program, leveraging a proprietary dataset of 26,792 engagements across 21 externally managed funds from fiscal years 2017 to 2022. As one of the largest universal owners globally, GPIF plays a pivotal role in influencing corporate behavior through structured engagements aimed at improving corporate governance, environmental sustainability, and financial performance. Despite growing global interest in engagement-driven stewardship, empirical evidence on its effectiveness...

March 20, 2026
Articles, Pension Management, , , ,
Read more...
20Mar

Non-contributory Pension Programs and Intra-household Inequality

By José L. Casco Non-contributory pension schemes are increasingly prevalent as countries seek to combat poverty, yet their role in shaping inequality remains underexplored. This paper studies how such programs alter intra-household inequality using data from Mexican household income and expenditure surveys. The analysis first examines a local pension program in Mexico City, embedding an age-based quasi-experimental design to identify beneficiaries within a structural model of extended households. Results show that the program shifted resources from men to women and...

March 20, 2026
Articles, Pension Management, , , ,
Read more...
18Mar

Guerra contra Irán: escenarios para los inversores

Por Arun Sai La guerra en Irán y el riesgo de que pueda derivar en un conflicto regional de mayor alcance han agitado los mercados financieros mundiales. Los precios del petróleo y del gas en Europa se han disparado, mientras que los mercados de renta variable han experimentado fuertes caídas. Lo que más se teme es que el mundo pueda estar a punto de experimentar una subida de los precios de la energía tan abrupta como la que se produjo tras...

March 18, 2026
Artículos, , ,
Read more...
18Mar

Información sobre pensiones de personas exservidoras públicas

Por Gobierno de México & Secretaría Anticorrupción y Buen Gobierno La Secretaría Anticorrupción y Buen Gobierno realizó un análisis de la información relativa a personas pensionadas en diversas instituciones públicas, entre ellas, Luz y Fuerza del Centro en Liquidación, Petróleos Mexicanos, Comisión Federal de Electricidad, Nacional Financiera, Banco Nacional de Obras y Servicios Públicos, Banco Nacional de Comercio Exterior y Banco Nacional de Crédito Rural. En el marco de dicho análisis se identificaron pensiones exorbitantes que superan el sueldo de...

March 18, 2026
Libros, Libros, Reportes, , ,
Read more...
13Mar

Mortality Risk Valuation in Policy Assessment. A Global Meta-Analysis of Value of Statistical Life Studies

By OECD Policymakers are often faced with decisions affecting human health and mortality risk. For example, new vehicle fuel efficiency standards may lead to higher costs for consumers but could also save lives by improving air quality in urban areas, thus creating a trade-off between economic costs and the value of reducing mortality risk. Yet, too often, these economic trade-offs are not assessed in a systematic manner using a consistent methodology. This report aims to equip policymakers with the methodologies and economic...

March 13, 2026
Books, Books, Pension Management, Reports, , ,
Read more...
13Mar

2025 Global Innovation Lab for Climate Finance Impact Report

By Climate Policy Initiative The 2025 Global Innovation Lab for Climate Finance (the Lab) Impact Report highlights how innovative financial solutions are helping mobilize private investment for climate action in emerging markets. From 2014 to 2025, the Lab incubated 87 climate finance instruments designed to address barriers to investment in sectors such as renewable energy, sustainable agriculture, nature-based solutions, and climate resilience. Together, these solutions have mobilized USD 4.4 billion in climate investment, with USD 1.83 billion from private investors. The report...

March 13, 2026
Books, Books, Investment, Reports, ,
Read more...
13Mar

Pension and Entrepreneurship: Evidence from Sweden’s Transition from Defined Benefit to Defined Contribution

By Ai Jun Hou, Di Cui, Mingfa Ding, Yikai Han & Xiaoyang Li Sweden's 1999 pension reform-which replaced a defined-benefit (DB) regime with a notional defined-contribution (DC) scheme-changed incentives in ways that affect employees' career choice over the life cycle. We use Swedish administrative data and a difference-indifferences approach to study the impact of this reform on entrepreneurship. We find that entrepreneurial entry increases more after the reform among cohorts with greater exposure to the new DC pension system. The...

March 13, 2026
Articles, Pension design, , ,
Read more...
13Mar

Challenges of the Power of the New Longevity: Age Discrimination in the Workplace, and More, in Argentina

By Virginia Marturet Life expectancy has significantly increased, reaching an average of 77 years in Argentina. The current challenge is to enhance the quality of those years. Age discrimination is the third leading cause of discrimination worldwide and is prevalent in Argentina, particularly in workplaces, society, and daily life. Our current challenge is to make those years a life with more quality and fullness. What is the power of all that we have gained and how do we take advantage...

March 13, 2026
Aging, Articles, ,
Read more...
13Mar

Why Social Security Is Essential to Measuring Wealth Inequality

By Knowledge at Wharton Staff In this Q&A, professor Sylvain Catherine discusses why including Social Security fundamentally changes how we measure wealth inequality. His paper “Social Security and Trends in Wealth Inequality” was co-authored by Max Miller and Natasha Sarin and recently won the Dimensional Fund Advisors First Prize from the American Finance Association. The paper was previously awarded the Marshall Blume Prize in Financial Research from Wharton’s Rodney L. White Center for Financial Research, given annually to the best...

March 13, 2026
Articles, System Characterization, , , , ,
Read more...