May 2021
13May

China Population and Development Studies

By CPDRC, CPA This journal provides an international platform for discussions on topics related to various population phenomena and development issues, complemented by a strong representation of the research trend and achievement in China and other Asian countries. The journal, hosted by China Population and Development Research Center, draws on the energetic and resourceful Chinese research community as well as in close contact with the Asian research community in the area, features the Asian perspective on the field of population...

May 13, 2021
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13May

Aging and Wages of Older Workers in Japan

By Quoc Hung Nguyen We first theoretically argue that labor force aging leads to a fall in the relative wage of older workers based on the Tinbergen's labor supply-demand framework. Using data from Japan's Basic Survey on Wage Structure and Population Census across 47 prefectures, we then estimate that a 10% increase in the relative number of workers aged 55 and older leads to a fall in their corresponding relative wage in a range of 3.5% to 4.3%. This equivalently...

May 13, 2021
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April 2021
08Apr

Population aging and comparative advantage

By Jie Cai, Andrey Stoyanov In this paper we show that demographic differences between countries are a source of comparative advantage in international trade. Since many skills are age-dependent, population aging decreases the relative supply and increases the relative price of skills which depreciate with age. Thus, industries relying on skills in which younger workers are relatively more efficient will be more productive in countries with a younger labor force and less productive in countries with an older population. Building upon the neuroscience and economics...

April 8, 2021
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01Apr

Reference Points for Retirement Behavior: Evidence from German Pension Discontinuities

By Arthur Seibold This paper documents and analyzes an important and puzzling stylized fact about retirement behavior: the large concentration of job exits at specific ages. In Germany, almost 30% of workers retire precisely in the month when they reach one of three statutory retirement ages, although there is often no incentive or even a disincentive to retire at these thresholds. To study what can explain the concentration of retirements around statutory ages, I use novel administrative data covering the...

April 1, 2021
Aging, Articles, Pension design, , ,
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March 2021
09Mar

Delivering prevention in an ageing world: Democratising access to prevention – Consultation paper

By International Longevity Centre UK Following our year-long Prevention in an ageing world programme that sparked conversations from Abu Dhabi to Taipei, Austin, Geneva, Sydney, London all the way to the G20 Health Ministers, the message is clear. It’s never too late to prevent. And the health and economic costs of failing to invest in preventative interventions across the life course are simply too high to ignore. We know that prevention works, but for too long cultural, economic and geographic divides...

March 9, 2021
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February 2021
19Feb

Late-career Unemployment Shocks, Pension Outcomes and Unemployment Insurance

By Samir Elsadek Mahmoudi In response to unemployment shocks, older workers deplete their 401(k)s, particularly after the waiving of the early withdrawal penalty on unemployment-motivated withdrawals at age 55. This paper shows that Unemployment Insurance (UI) keeps older workers from depleting their 401(k) assets following job losses. UI also incentivizes older unemployed workers to delay claiming their Social Security (SS) benefits beyond the earliest age of eligibility, 62. Overall, UI enhances the retirement income of the individuals having a history...

February 19, 2021
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January 2021

21Jan

Olivia S. Mitchell, PhD: Calibrating Retirement Planning with Current Conditions

By Olivia S. Mitchell In September 2020, Robert Powell, editor-in-chief of the Retirement Management Journal, Jason Fichtner, PhD, senior lecturer at the Johns Hopkins University; and Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries Committee on Post-Retirement Needs and Risks, spoke with Mitchell about how longer lifespans and prolonged retirement periods are requiring adjustments to Social Security benefits, employee pension plans, and individual retirement savings. Source: SSRN

January 21, 2021
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08Jan

Technology, Labour Market Institutions and Early Retirement: Evidence from Finland

By Naomitsu Yashiro, Tomi Kyyrä, Hyunjeong Hwang, Juha Tuomala There are two major barriers to increasing employment of older workers. First, older workers engaged in codifiable, routine tasks are particularly prone to the risk of being displaced by computers and robots. Second, several countries have in place various labour market institutions that encourage early retirement, such as exceptional entitlements or looser criteria for unemployment and disability benefits applied to older individuals. We present evidence that these two factors reinforce...

January 8, 2021
Aging, Articles, Labor Market,
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December 2020

23Dec

Understanding Debt in the Older Population

By Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero Poor financial capability can erode well-being in later life. To explore debt and debt management among older Americans, age 51-61, we designed and analyzed a new module in the 2018 Health and Retirement Study along with information from the 2018 National Financial Capability Study. Even though this group should be at the peak of their retirement savings, it nevertheless carries debt due to student loans and unpaid medical bills; having children...

December 23, 2020
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18Dec

Perspectives and Theories of Social Innovation for Ageing Population

By Andrzej Klimczuk, Łukasz Tomczyk In recent years we may observe increasing interest in the development of social innovation both regarding theory as well as the practice of responding to social problems and challenges. One of the crucial challenges at the beginning of the 21st century is population ageing. Various new and innovative initiatives, programs, schemes, and projects to respond to negative consequences of this demographic process are emerging around the world. However, social theories related to ageing are...

December 18, 2020
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