August 2019

23Aug

Towards Implementing Inclusive Authentication Technologies for Older Adults

By Sanchari Das, Andrew Kim, Ben Jelen, Joshua Streiff, L. Jean Camp, Lesa Huber Two-factor authentication (2FA) provides protection for on-line accounts through efficient and highly robust access control. Adoption and usability, however, remain challenging for such security tools and technologies. Most current research on 2FA focuses on convenience samples of experts in the technology sector while neglecting non-experts. As older adults increasingly use everyday digital technologies, providing convenient means for them to protect their online data has become...

August 23, 2019
Aging, Articles,
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23Aug

The Effects of Increasing the Eligibility Age for Public Pension on Individual Labor Supply: Evidence from Japan

By Nobuhiko Nakazawa This paper investigates the effects of increasing the eligibility age for public pension on workers' retirement decisions, focusing on recent Japanese public pension reforms. In Japan, the pensionable age for Employees' Pension Insurance benefits gradually increased from 60 to 65 for males over the course of a decade. Using individual-level administrative data and a regression discontinuity design, I find that raising the pensionable age for flat-rate benefits by one year increases male employment at the critical...

August 23, 2019
Aging, Articles, Labor Market, System Sustainability, ,
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16Aug

Delaying Retirement: Progress and Challenges of Active Ageing in Europe, the United States and Japan

Dirk Hofacker, Moritz Hess, Stefanie Konig To a backdrop of ageing societies, pension crises and labour market reforms, this book investigates how the policy shift from early retirement to active ageing has affected individual retirement behaviour. Focusing on eleven European countries, the United States and Japan, it brings together leading international experts to analyze recent changes in pension systems. Their findings demonstrate that there has been a fundamental transition in pension policies and a steep increase in...

August 16, 2019
Aging, Books, Labor Market, Pension design, , , ,
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16Aug

Performance and Challenges of the Income Protection System for Older People in Ecuador

By Ignacio Raul Apella The purpose of this work is to analyze the performance of the Ecuadorian pension system, its challenges, and available policy options. Therefore, the study analyzes coverage, financing sufficiency, and sustainability indicators that were created based on information from the Encuesta Nacional de Empleo, Desempleo y Subempleo (National Employment, Unemployment and Underemployment Survey) that was carried out over 2003-16. Likewise, actuarial simulations are made by using the World Bank pension reform options simulation toolkit. The findings...

August 16, 2019
Aging, Articles, System Sustainability, , ,
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July 2019

26Jul

Aging Policy and Politics in the Trump Era: Implications for Older Americans

By Edward Alan Miller, Pamela Nadash, Michael K. Gusmano The surprise election of Donald J. Trump to the presidency of the United States marks a singular turning point in the American republic – not only because of his idiosyncratic approach to the office, but also because the Republican Party now holds the presidency and both houses of Congress, presenting a historic opportunity for change. The role of older Americans has been critical in both shaping and reacting to this...

July 26, 2019
Aging, Books, Pension design, , ,
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26Jul

Aging and Work in the 21st Century

By Kenneth S Shultz (Editor), Gary A Adams Aging and Work in the 21st Century, 2nd edition, reviews, summarizes, and integrates existing literature from various disciplines with regard to aging and work, but with a focus on recent advances in the field. Chapter authors, all leading experts within their respective areas, provide recommendations for future research, practice, and/or public policy. Fully revised and updated, the second edition takes up many of the same critical topics addressed in the...

July 26, 2019
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19Jul

Selecting a Social Security Age to Balance Consumption and Risk

By Barry Cobb, Jeffrey Smith This paper uses Monte Carlo simulation to determine the maximum consumption given retirement at age 62, initial wealth, risk tolerance, and Social Security take decision. Coile et al. (2002) argue for a delay, because the payment increases 7% for each year. Focusing on maximizing the expected present value of benefits may be misguided. This paper shows that, conditional on retirement at age 62, initial consumption is always maximized by taking Social Security no later...

July 19, 2019
Aging, Articles, Savings, ,
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June 2019

28Jun

Trends in health and retirement in Latin America: Are older workers healthy enough to extend their working lives?

By Laeticia R.De SouzaaBernardo L.QueirozbVegard F.Skirbekkc To counter the problems of demographic ageing, Latin American countries, like many nations elsewhere, are considering raising the retirement age in order to maintain fiscal balance and sustain economic prosperity. In doing so, however, they must take into account not only the simultaneous decline in older adults’ labour force participation but also poor health among those potentially affected by the change. In this paper, we use country comparable census data for 1970–2010 to...

June 28, 2019
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28Jun

Do Immigrants Delay Retirement and Social Security Claiming?

By Mary J. Lopez, Sita Slavov As the share of older immigrants residing in the U.S. begins to rise, it is important to understand how immigrants’ retirement behavior and security compare to that of natives. This question has implications for the impact of immigration on government finances and for the retirement security of immigrants. We use data from the Health and Retirement Study (HRS) to examine how immigrants’ retirement and Social Security claiming patterns compare to those of natives....

June 28, 2019
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21Jun

Annuity Pricing in Public Pension Plans: Importance of Interest Rates

By Nino Abashidze, Robert L. Clark, Beth Ritter, David Vanderweide There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees, teachers, and local government employees. An important component of the analysis is the construction of a data set presenting the annuity options offered by each of...

June 21, 2019
Adequacy, Aging, Articles, Savings, ,
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