August 2020

07Aug

How Much to Save? Decision Costs and Retirement Plan Participation

By Jacob Goldin, Tatiana Alexandra Homonoff, Richard Patterson, Bill Skimmyhorn Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment decision, by highlighting a potential rate at which non-participants might contribute, increases participation in the plan. Similar communications that did not include a highlighted rate yield...

August 7, 2020
Articles, Pension design, Savings, , ,
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07Aug

Are Dutch Old-Age Pensions Taxed Fairly and Efficiently?

By Bernd Genser, Robert Holzmann The Dutch pension system is internationally top-ranked as a well-designed three-pillar system. Moreover, almost all forms of pension benefits are expenditure taxed in line with the European Commission's recommendations. Consequently, the Dutch pension policy approach could be regarded as a welcome blueprint for pension policy reform, currently on the agenda of all EU member countries. This paper focuses on the taxation of Dutch pensions and identifies two classes of problems that challenge the suitability...

August 7, 2020
Adequacy, Articles, , ,
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07Aug

A New World Post COVID-19: Lessons for Business, the Finance Industry and Policy Makers

By Monica Billio, Simone Varotto Pandemics are disruptive events that have profound consequences for society and the economy. This volume aims to present an analysis of the economic impact of COVID-19 and its likely consequences for our future. This is achieved by drawing from the expertise of authors who specialize in a wide range of fields including fiscal and monetary policy, banking, financial markets, pensions and insurance, artificial intelligence and big data, climate change, labor market, travel, tourism and...

August 7, 2020
Articles, Pension design, System Sustainability, ,
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03Aug

Ranked: The Best and Worst Pension Plans, by Country

The global population is aging—by 2050, one in six people will be over the age of 65. As our aging population nears retirement and gets closer to cashing in their pensions, countries need to ensure their pension systems can withstand the extra strain. This graphic uses data from the Melbourne Mercer Global Pension Index (MMGPI) to showcase which countries are best equipped to support their older citizens, and which ones aren’t. The Breakdown Each country’s pension system has been shaped...

August 3, 2020
Adequacy, Articles, Investment, System Sustainability, ,
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July 2020

30Jul

Healthy Ageing & Financial Security

By The Economist Intelligence Unit. A 2020 Economist intelligence Unit Study considers policy efforts to addres active and Inclusive ageing in the 19 countries of the G20, based on a custom index that benchmarks each country´s performance across different aspects, including healthy ageing, inclusive environments and fi nance security practices and policies. Source: Ageing Shift

July 30, 2020
Aging, Articles, ,
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30Jul

Healthy Ageing & Financial Security

By The Economist Intelligence Unit. A 2020 Economist intelligence Unit Study considers policy efforts to addres active and Inclusive ageing in the 19 countries of the G20, based on a custom index that benchmarks each country´s performance across different aspects, including healthy ageing, inclusive environments and fi nance security practices and policies. Source: Ageing Shift

July 30, 2020
Aging, Articles, ,
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30Jul

Health and Aging Before and After Retirement

By Ana Abeliansky, Holger Strulik In this paper, we investigate health and aging before and after retirement for specific occupational groups. We use five waves of the Survey of Health, Aging, and Retirement in Europe (SHARE) dataset and construct a frailty index for elderly men and women from 10 European countries. We classify occupation by low vs. high education, blue vs. white collar color, and by high vs. low physical or psychosocial job burden. Controlling for individual fixed effects,...

July 30, 2020
Aging, Articles, ,
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30Jul

How much to save? decision costs and retirement plan participation

By Jacob Goldin, Tatiana Homonoff, Richard W. Patterson, William L. Skimmyhorn Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment decision, by highlighting a potential rate at which non-participants might contribute, increases participation in the plan. Similar communications that did not include a highlighted rate...

July 30, 2020
Articles, Pension design, Savings,
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30Jul

China’s Policy Instruments : Tax Reduction, Retirement Prolonging and Welfare Changes

By Peilin Yang China is facing a series of significant debt problems. We have studied the changes in debt and benefits under different policy instruments under the framework of large-scale OLG. Under the three retirement ages, as the retirement age increases, the maximum increase in benefits is 17.98%, and the debt is 75.69%. Under the five tax rates, the optimal tax rate is 28%, the maximum increase in benefits is 22.65%, and the maximum debt ratio is 75%. Source:...

July 30, 2020
Articles, Pension design, Regulation, , , ,
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24Jul

Social Protection for All: The Next Step for the Malaysian Welfare

By Evangelos Koutronas This report aims to support policymakers, program designers, and evaluators to develop a comprehensive social protection mechanism. The past decade has seen a marked spike in policy momentum around the importance of social protection policies and programs yet there has been very little attention to social protection’s role in tackling experiences of poverty and vulnerability. Social protection is recognized as a key policy tool to help achieve the Malaysia Development Goals; as a policy approach underpinned by...

July 24, 2020
Adequacy, Articles,
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