Articles Archives - Page 83 of 161 - Pension Policy International

23DecDecember 23, 2020

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

Adequacy, Aging, Articles2020, Financial Education, Income, Labor Market

18DecDecember 18, 2020

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

Aging, Articles2020, Europe, Healthcare, Public Policy, Social Protection

18DecDecember 18, 2020

UK Collective DC: Is it ‘Dutch-style’ CDC?

By Hans van Meerten This article considers the differences between collective DC as seen in the Netherlands and how the equivalent schemes might work in the UK, and how far the (still to be enacted) UK legislation seems to have learned from the Dutch experience. Source: SSRN

December 18, 2020

Articles, Pension design2020, Defined Contribution, Netherlands, UK

11DecDecember 11, 2020

The Age Profile of Life-Satisfaction after Age 65 in the U.S

By Péter Hudomiet, Susann Rohwedder Although income and wealth are frequently used as indicators of well-being, they are increasingly augmented with subjective measures such as life satisfaction to capture broader dimensions of individuals’ well-being. Based on data from large surveys of individuals, life satisfaction in cross-section increases with age beyond retirement into advanced old age. It may seem puzzling that average life satisfaction would be higher at older ages because older individuals are more likely to experience chronic or...

December 11, 2020

Adequacy, Aging, Articles2020, Income, US

11DecDecember 11, 2020

Intergenerational Mobility of Health in India and Its Implications to Elderly Care

By E. Sownthara Rajan To understand the effect of education of children as an intervention to improve elderly health and suggest the sector of elderly who needs state support. This finding will help in locating a sector of elderly where the targeted geriatric care and elderly support can be provided. There is a prevalent conversation in academic literature about growing elderly population around the world which is estimated will be 22 per cent of the world population by 2050...

December 11, 2020

Aging, Articles2020, Asia, Health, Healthcare, India, Social Security

11DecDecember 11, 2020

Latin America’s Lost Decades The Toll of Inequality in the Age of COVID-19

By Luis Alberto Moreno During the early days of the coronavirus pandemic, in March 2020, Guayaquil, Ecuador’s business capital of some three million people, was in trouble. By a twist of fate, more than 20,000 Ecuadorians had just returned home from their seasonal vacations. Many had come from Italy and Spain, two coronavirus hot spots, with the earliest and most deadly outbreaks of COVID-19. President Lenín Moreno understood that the threat was serious but opted, at first, not to close...

December 11, 2020

Articles, System Sustainability2020, Aging, Labor Market, Latin America

07DecDecember 7, 2020

COVID-19 has worsened the woes of South Asia’s informal sector

By Maurizio Bussolo, Siddarth Sharma, Hans Timmer Informal employment, which includes temporary workers, day laborers, service, or domestic workers, has long been associated with underdevelopment. Following the same logic, informality is expected to disappear gradually as countries further develop and prosper. Yet, despite decades of sustained high growth, South Asia's informal sector shows little sign of abating—even increasing in some cases. More than 80 percent of all South Asia's workers engage in informal activities, and more than 90 percent of the...

December 7, 2020

Articles, Labor Market, System Sustainability2020, Asia, COVID-19, Informal Sector

03DecDecember 3, 2020

DB or not DB, what is the solution?

By Mark Daniel Mark Daniel takes us on a pensions journey, exploring various DB and DC plan designs and how these can help manage costs and possible risks. What a difference two years make. Boris Johnson is now the Prime Minister, Liverpool finally became Premier League Champions and, sadly (for me), Huddersfield Town are back down in football’s second tier. And then there is COVID-19. Who could have predicted any of the above? Admittedly, you didn’t need a...

December 3, 2020

Articles, Pension design, System Sustainability2020, Defined Benefit, Funding, Occupational Pensions, Public Pensions

03DecDecember 3, 2020

An Assessment of Affordability and Impact of a Social Old Age Pension in Rwanda

By Jean Bosco Mbarute In low-income countries and middle-income countries, the coverage of contributory pension scheme is low and even stagnant. At the same time, older people are less able to rely on family and community support as a result of growing urbanization and migration. Then low-income workers and the poor simply cannot save enough to prepare for their old age. As a remedy, many countries are considering or have already implemented various forms of retirement income transfers aiming...

December 3, 2020

Articles, Pension design, System Sustainability2020, Adequacy, Africa, Coverage, Public Pensions, Rwanda

03DecDecember 3, 2020

Reconsidering Risk Aversion

By Daniel J. Benjamin, Mark Alan Fontana, Miles S. Kimball Risk aversion is typically inferred from real or hypothetical choices over risky lotteries, but such “untutored” choices may reflect mistakes rather than preferences. We develop a procedure to disentangle preferences from mistakes: after eliciting untutored choices, we confront participants with their choices that are inconsistent with expected-utility axioms (broken down enough to be self-evident) and allow them to reconsider their choices. We demonstrate this procedure via a survey about...

December 3, 2020

Articles, Investing2020, Pension Management, Risk

December 2020