July 2025
23Jul

El desafío de avanzar hacia fondos generacionales en América Latina

Por Federación Internacional de Administradoras de Fondos de Pensiones Los fondos generacionales están cobrando impulso en América Latina, con reformas de pensiones que los introducen permiten en países como México, Costa Rica, Chile, Colombia y Perú. Estos ajustan automáticamente el riesgo de las inversiones según la edad del afiliado, disminuyéndolo progresivamente a medida que se acerca la jubilación. El otro enfoque utilizado en la región son los multifondos, que buscan maximizar la rentabilidad permitiendo al afiliado escoger el nivel de...

July 23, 2025
Artículos, Inversión, , ,
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18Jul

Developing Retirement Living Standards

By Matt Padley & Claire Shepherd The Retirement Living Standards (RLS), first published in 2019 and funded by the Pensions and Lifetime Savings Association (PLSA), set out what the public agree is needed to retire at two living standards above a minimum standard of living, based on extensive research with members of the public. The research uses the established approach to defining minimum living standards pioneered at CRSP and describes in detail what the public agree single and partnered retirees...

July 18, 2025
Adequacy, Books, Books, Pension design, Reports, , , ,
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18Jul

Individuals’ challenges managing pensions through retirement

By Bee Boileau, Jonathan Cribb & Carl Emmerson This report is one of two reports on the management of pension wealth in retirement conducted as part of the Pensions Review, led by the Institute for Fiscal Studies in partnership with the abrdn Financial Fairness Trust. In this report, we examine the decisions that older individuals face as they draw on and manage their private pension wealth through retirement. In particular, we highlight the growing importance of defined contribution (DC) wealth,...

July 18, 2025
Books, Books, Pension design, Reports, , , ,
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18Jul

When Uncertainties Matter: the Causal Effect of Cryptocurrency Investment on Retirement Hardship Withdrawals

By Zefeng Bai, Pengcheng Wang & hengwei zhang Cryptocurrencies are invested in by approximately 15% of U.S. households. However, the high volatility of these assets poses substantial financial risks, particularly as 40% of U.S. households already face potential retirement shortages. Therefore, the present study aims at investigating the impact of cryptocurrency investment on retirement borrowing. Our causal analysis of 1,912 respondents revealed that cryptocurrency investors are 7.4% more likely to make a hardship withdrawal from their retirement accounts. This study provides...

July 18, 2025
Articles, Investment, , , ,
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16Jul

Incidencia de la informalidad laboral en el sistema general de pensiones en Colombia

Por Nathalia Acevedo Ruidíaz & Gabriela Guerra Orozco La conceptualización del fenómeno de la informalidad en el ámbito laboral se introdujo formalmente en 1972 en un informe de la Organización Internacional del Trabajo (en adelante OIT) en el que aludió al concepto “Sector informal”. A partir de este informe se dio a conocer la idea de un sector diferente al sector formal, entendido como una alternativa que tenían las personas de escasos recursos en situación de desempleo para encontrar una...

July 16, 2025
Artículos, Diseño de Pensiones, , , ,
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16Jul

La salud financiera de las personas de la tercera edad: desafíos y soluciones para un envejecimiento digno

Por Manuel Zavaleta Suárez & Nomar Eduardo Barraza Valenzuela Las personas mayores, las cuales son aquellas que tienen 65 años o más de edad, representan una parte importante de la población mexicana. Según el Instituto Nacional de Estadística y Geografía (INEGI), en su último Censo de Población y Vivienda (2020), indica que en México existen 47.7 personas mayores por cada 100 niños, niñas y adolescentes. No solamente son una proporción importante en términos demográficos, sino que esta proporción ha aumentado...

July 16, 2025
Artículos, Envejecimiento, Envejecimiento, , ,
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15Jul

Retirement Then, Now, and Next

By Teresa Ghilarducci & The SCEPA Team  Late Baby Boomers (age 59-67), Generation X (age 43-58) and Millennials (age 27-42) are retiring under much worse conditions than Early Baby Boomers (between age 68-76 in 2022). This fact gets obscured by research that paints an optimistic picture of retirement security that only really existed for Early Baby Boomers. Later generations have been impacted by changes to the conditions of retirement that Early Baby Boomers did not experience. This includes: the shift...

July 15, 2025
Articles, System Sustainability, , , ,
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11Jul

National Pension Fund and Stock Liquidity: Evidence from Korea

By Eunyoung Cho & Cheol-Won Yang We investigate the impact of the national pension’s trading on individual stock liquidity. While prior research has primarily focused on the effects of national pension funds on market performance or volatility, this paper shifts attention to liquidity, a relatively underexplored dimension of market quality. Utilizing detailed transaction-level data from the National Pension Service (NPS) of Korea between 2010 and 2019, we assess the relationship between NPS trading activity and stock liquidity by employing both...

July 11, 2025
Articles, Investment, Pension Management, , ,
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11Jul

Global Aging and Growth: Is There a Silver Dividend?

By Donghyun Park & Kwanho Shin Despite concerns about the economic impact of population aging, this study highlights the potential for a 'silver dividend' as longer lifespans extend working lives. We show that the effects of aging on growth are highly nonlinear and concentrated in more advanced, older economies. Labor shortages are often offset by rising labor force participation, particularly in countries with higher life expectancy, stronger human capital, and greater trade openness. Larger governments, measured by consumption, appear to...

July 11, 2025
Aging, Articles, , ,
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11Jul

Roadmap for Retirement: The Case for a National Pension Dashboard

By Kathryn Bush Retirement planning is getting harder for Canadians as more savings shift to definedcontribution plans, and account information is scattered across institutions. Given current financial literacy levels in Canada, many people struggle to understand what they'll have to live on in retirement. A pension dashboard could help by bringing all their retirement savings and benefits into one place. A pension dashboard is a government or government-sanctioned online tool that shows individuals all their retirement income sources-including government benefits,...

July 11, 2025
Adequacy, Articles, Savings, , , , ,
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