September 2024
06Sep

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Vallette & Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The...

September 6, 2024
Articles, Pension design, , ,
Read more...
06Sep

Sustainable Personal Finance : Planning for an Eco-Friendly Future

By Nur Wardina Azhar This study explores the emerging field of sustainable personal finance, focusing on strategies for planning an eco-friendly financial future. As environmental concerns become increasingly urgent, individuals are seeking ways to align their financial decisions with sustainability goals. This research examines the integration of environmental, social, and governance (ESG) criteria into various aspects of personal financial planning, including budgeting, investing, risk management, and retirement planning. The study analyzes contemporary issues such as green investing, eco-friendly insurance options,...

September 6, 2024
Articles, Pension design, ,
Read more...
06Sep

Financial Inclusion, Inequality, and Retirement Trends Among Older Workers

By Issac Marcelin & Wei Sun The study develops a financial inclusion index comprising three dimensions: usage, barriers, and access to financial resources. It employs a Principal Component Analysis to determine the weights of each dimension. This index helps assess the impact of financial inclusion on various factors like ethnic groups, minorities, human capital, retirement, wealth outcomes, and mental well-being. Our research reveals new psychological and sociological impacts of accessing financial products. Households with higher financial inclusion scores are likelier...

September 6, 2024
Articles, Pension design, , ,
Read more...
04Sep

Percepción de la ciudadanía del sistema de pensiones chileno

Por Comisión de Usuarios del Sistema de Pensiones  Este análisis da cuenta de los resultados de la evaluación cualitativa realizada con miras a diagnosticar la percepción ciudadana del sistema de pensiones. Se aplicó en las regiones de: Arica y Parinacota, Coquimbo, Valparaíso, Metropolitana, O'Higgins, Biobío, Los Lagos y Magallanes y la Antártica Chilena. Allí se desarrollaron tres instancias de recolección de información, donde participaron 407 personas en total.   Libro completo aquí  

September 4, 2024
Caracterización del Sistema, Libros, Libros, Reportes, , , ,
Read more...

August 2024
30Aug

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Valette & Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The...

August 30, 2024
Articles, System Characterization, ,
Read more...
30Aug

A Two-Generation Model with Altruism for Reverse Mortgage Demand

By Yunxiao Wang, Katja Hanewald, Zilin (Scott) Shao & Hazel Bateman Reverse mortgage markets remain relatively small internationally, with one frequently cited reason being bequest motives. We study the role of reverse mortgages in intergenerational financial planning as a tool for families to bring forward bequests. We develop a new two-generation lifecycle model with parental altruism to compare the welfare gains of bequests and early bequests (inter vivos gifts) for homeowning parents and adult children seeking to purchase their first...

August 30, 2024
Articles, Pension design, , ,
Read more...
30Aug

Collective Defined Contribution (CDC) Schemes: Assessing Capacity for Alternative Investments

By Aili Chen, CFA  As pension systems adapt to changing economics and demographics, there is growing interest in collective defined contribution (CDC) schemes as they offer a different approach to retirement savings compared to defined benefit (DB) schemes. Instead of providing a guaranteed pension payment, CDC schemes provide workers with a pot of money to use in retirement, alleviating corporate sponsors of the responsibility and cost associated with providing lifetime guaranteed benefit payments. The size of the pension pot can...

August 30, 2024
Articles, Pension design, ,
Read more...
28Aug

Pensiones sociales y pobreza en América Latina

Por María Laura Oliveri  Este documento revisa la relación entre las pensiones y la pobreza en la vejez en América Latina luego de la reciente expansión de la cobertura a través de pensiones no contributivas, focalizándose en dieciocho países alrededor del año 2012. A partir de datos administrativos y encuestas de hogares se repasan las estrategias adoptadas y se evalúa la situación actual de los adultos mayores. Los resultados indican que los esquemas elegidos reflejan las distintas realidades. El avance...

August 28, 2024
Artículos, Diseño de Pensiones, , ,
Read more...
28Aug

Envejecimiento demográfico en México: análisis comparativo entre las entidades federativas

Por Karla Denisse Gonzalez  México, como parte de los países en plena transición demográfica, experimenta un intenso y acelerado pro- ceso de envejecimiento poblacional, sin embargo, éste será desigual en las entidades federativas en cuanto a su magnitud y ritmo, debido a los cambios en la fecun- didad y mortalidad y al efecto de la migración. Actual- mente, el Distrito Federal es la entidad más envejecida de México, donde las personas en edades avanzadas representan 13.36 por ciento de la...

August 28, 2024
Artículos, Envejecimiento, Envejecimiento, , ,
Read more...