December 2018

Waiting on Retirement: Aging and Economic Insecurity in Low-Wage Work

By Mary Gatta America is witnessing a retirement crisis. As the labor market shifts to the gig economy and new strains restrict social security, the American Dream of secure retirement becomes further out of reach for up to half of the population. In Waiting on Retirement, Mary Gatta takes the case of restaurant workers to examine the experiences of low-wage workers who are middle-aged, aging, and past retirement age. She deftly explores the many factors shaping what it means to...

November 2018

How Does Delayed Retirement Affect Mortality and Health?

By Alice Zulkarnain (Boston College - Center for Retirement Research), Matthew S. Rutledge (Boston College, Center for Retirement Research) Older Americans have been retiring later for a number of reasons, including jobs that are becoming less physically demanding, the shift from defined benefit to defined contribution pensions, and changes in Social Security’s incentives. What are the implications of working longer for workers’ mortality and health? Answering this question is complicated, because work and health are jointly determined – healthy people...

October 2018

Population Aging: Impacts and Policy Imperatives

By The Bank of Korea The Republic of Korea is aging rapidly, as the average woman in her childbearing years gives birth to only 1.17 children ─ among the world’s lowest numbers as of 2016 ─ while people are also living longer. The country is projected to enter into the status of an aged society from 2018, with a share of the elderly in its population of 14.3%, and to become a super-aged society with a share of 20% in...

Statistical, Mapping and Digital Approaches in Healthcare

By Gilles Maignant,‎ Pascal Staccini Statistical, Mapping and Digital Approaches in Healthcare addresses all health territories, starting from the analysis of geographical data (health data, population data, health data systems and environmental data), to new health areas (Health 3.0), i.e. digital health territories. Specific tools are used to question environmental changes, such as health statistics, mapping, mathematical models, optimization models and serious games. Uniquely combines the approaches of mathematicians, geographers and physician to the analysis of health territories Presents views that...

Counting the Oil Money and the Elderly: Norway’s Public Sector Balance Sheet

By Ezequiel Cabezon (University of North Carolina (UNC) at Chapel Hill), Christian Henn (International Monetary Fund) Based on a permanent income analysis, Gagnon (2018) has prominently suggested that Norwayhas saved too much, thereby free-riding on the rest of the world for demand. Our public sectorbalance sheet analysis comes to the opposite conclusion, chiefly because it also accounts forfuture aging costs. Unsurprisingly, we find that Norway's current assets exceed its liabilities bysome 340 percent of mainland GDP. But its nonoil fiscal...

Counting the Oil Money and the Elderly: Norway's Public Sector Balance Sheet

By Ezequiel Cabezon (University of North Carolina (UNC) at Chapel Hill), Christian Henn (International Monetary Fund) Based on a permanent income analysis, Gagnon (2018) has prominently suggested that Norwayhas saved too much, thereby free-riding on the rest of the world for demand. Our public sectorbalance sheet analysis comes to the opposite conclusion, chiefly because it also accounts forfuture aging costs. Unsurprisingly, we find that Norway's current assets exceed its liabilities bysome 340 percent of mainland GDP. But its nonoil fiscal...

September 2018

The Politics of Aging and Retirement: Evidence from Swiss Referenda

By Piera Bello (University of Lugano) Vincenzo Galasso (University of Lugano; Centre for Economic Policy Research) Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss administrative voting data at municipal level (and individual survey data) from pension reforms referenda, we show in fact that individuals close...

Inequalities of Aging: Paradoxes of Independence in American Home Care (Anthropologies of American Medicine: Culture, Power, and Practice)

By Elana D. Buch The troubling dynamic of the American home care industry where increased independence for the elderly conflicts with the well being of caregivers Paid home care is one of the fastest growing occupations in the United States, and millions of Americans rely on these workers to help them remain at home as they grow older. However, the industry is rife with contradictions. The United States spends a fortune on medical care, yet devotes comparatively few resources on improving...

Medium-Run Implications of Changing Demographic Structures for the Macro-Economy

By Yunus Aksoy (Birkbeck, University of London),Henrique S. Basso (Birkbeck College, University of London) & Ron Smith (Birkbeck College) In the decade since the onset of the financial crisis, the disappointing recovery has sparked renewed concern about the medium-run outlook for advanced economies. Rather than returning to the pre-crisis trend, output has continued to diverge from it. It is difficult to know whether this is a cyclical phenomenon, a slow recovery towards steady state, or a secular change in the...

2018 Retirement preparedness survey: A Generational Challenge

By Prudential The U.S. retirement landscape has changed dramatically over the past few decades. Fewer workers today are eligible to receive a pension and instead must save for their own retirements, typically through workplace savings plans. Replacement rates for Social Security are declining due to the increase in the “full retirement age.”1 Income is becoming less predictable, thanks in part to new employment models. Health care costs are increasing, and so is longevity—which means workers today don’t just have more...