July 2024

2024 Pension adequacy report: Current and future income adequacy in old age in the EU

By European Union  The report’s main focus is on old-age pension systems. It looks primarily at statutory pensions, incorporating the adequacy contribution of supplementary pensions where relevant. The report also looks at the role of survivors’ pensions in providing adequate old-age income for surviving spouses. In the context of its analysis of income inequalities and redistribution mechanisms, the report also considers minimum income provision for older people and how taxation affects income distribution in old age. Given the importance of services...

Sustainable Investing in Pensions: Top Tips for Sponsors of Pension Schemes

 By Accounting for Sustainability This top tips guidance is written for organizations that sponsor a pension scheme on the why and how to engage with your pension trustees on sustainable investing. Just as more and more companies are embedding social and environmental risk and opportunity into strategy and decision making, it is vital that their pension schemes follow suit. The impact that climate change and other environmental, social and governance (ESG) risks can have on value and returns is driving changes across...

Retirement Decisions in the Age of Covid-19 are Older Employees in Digital Occupations Working Longer?

By Giovanni Gallo & Amparo Nagore This paper investigates the retirement response to the pandemic and to the resulting acceleration in the adoption of new technologies. Using the European Union Statistics of Income and Living Conditions datasets and making use of the natural experiment of many workers being forced to work from home in Europe during the lockdown, we compare the retirement response of older workers in digital occupations (i.e. more exposed to digital technology) versus non-digital occupations to detect...

Career Expectations and Outcomes: Evidence (on Gender Gaps) from the Economics Job Market

By Brooke Helppie McFall, Eric D. Parolin & Basit Zafar This paper investigates gender gaps in long-term career expectations and outcomes of PhD candidates in economics. For this purpose, we match rich survey data on PhD candidates (from the 2008-2010 job market cohorts) to public data on job histories and publication records through 2022. We document four novel empirical facts: (1) there is a robust gender gap in career expectations, with females about 10 percentage points less likely to ex-ante expect to get...

The Impacts of Raising the Public Pension Eligibility Age on the Lifestyles of Elderly People: Evidence from Japan

By Shinya Inukai With many countries facing rapid population aging, the sustainability of public pensions has become a pressing issue. I evaluate the impacts, including both employment and time allocation, of public pension reform on the lifestyles of the elderly. In Japan, all residents aged 20 or older are covered by the public pension, with eligibility determined mechanically based on age. I focus on the reform raising men's eligibility age from 60 to 61 in 2001 and estimate its impact...

Vejez y políticas públicas en Latinoamérica: una revisión de la literatura

Por Ariany da Silva Villar, Sara Caro Puga & Herminia Gonzálvez Torralbo Buscamos identificar las perspectivas sobre la vejez en la producción académica relativa a las polí-ticas públicas para el envejecimiento en Latinoamérica. Realizamos una revisión sistemática de 82 fuentes bibliográficas publicadas entre 2000 y 2020 y las analizamos a la luz de una perspectiva crítica y feminista, por medio de un análisis cualitativo de contenido. A partir de este, caracteri-zamos a la vejez desde los principales paradigmas relacionados con...

Nuevas respuestas a viejos desafíos en América Latina y el Caribe: Un análisis comparativo de las políticas

Por FLACSO   Este informe analiza el mercado laboral y las políticas de protección social en América Latina y el Caribe y explora la estructura y dinámicas del mercado laboral, considerando cómo afectan e interactúan con las políticas de protección social implementadas en los países de la región, en el contexto de la emergencia sanitaria. Libro completo aquí

Planeación financiera para el retiro desde la perspectiva de jóvenes universitarios

By Quetzalli Atlatenco Ibarra, María Teresa de la Garza Carranza & Eugenio Guzmán Soria Los jóvenes de hoy en día tendrán que afrontar mayores retos que sus antecesores en lo que respecta al financiamiento de su seguridad económica en la vejez. El objetivo de este trabajo es establecer la relación, desde la perspectiva de jóvenes universitarios, entre sus expectativas de planeación financiera para el retiro y las actitudes y creencias que las propician. Se empleó el método de ecuaciones estructurales para...

El futuro del retiro: una propuesta estratégica para la vida post-laboral

Por Luis José Delgado Quevedo & Fabiola Aguilar Díaz Este artículo académico tiene como propósito realizar una inmersión en la problemática relacionada con la falta de ahorro voluntario en México, como preparación a la vida en el retiro. Se contemplan las implicaciones directas de la nueva Ley del Seguro Social del año 1997 y las tendencias de envejecimiento poblacional. Se formalizará una revisión de literatura como herramienta inicial para conocer los patrones de comportamiento humano, los sesgos vinculados y antecedentes de...

2023 Defined Contribution Pension and Savings Report

By Gemma Burrows The 2023 survey contains data on 122 of the FTSE 350 companies and 140 other leading UK employers, which makes this one of the largest UK DC Pension and Savings Surveys in the industry. As always, we would like to thank those who took part in this survey and helped us to conduct this research and bring these valuable insights. Get the report here ___ Since our last survey, we have seen turmoil in investment markets, inflation rise into double-digit...