June 2019

07Jun

Financial Literacy and Financial Education: Theory and Survey

By Beata Swiecka, Aleksandra Grzesiuk, Dieter Korczak It is a well-known saying that money does not buy happiness. But it certainly helps in life. It is important to have enough of it to satisfy our needs and to secure ourselves from emergency situations. That's what adults think. And what about the youth? What is their approach to money, what do they know about finances and how are their skills in everyday financial management coming along? What kind of...

June 7, 2019
Books, Labor Market, System Sustainability, ,
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07Jun

How Will Retirement Saving Change By 2050? Prospects for the Millennial Generation

By William G. Gale, Hilary Gelfond, Jason J. Fichtner We consider prospects for retirement saving for members of the millennial generation, who will be between ages 54 and 69 in 2050. Adequacy of retirement saving preparation among current and near-retirees is marked by significant heterogeneity, a characteristic that will likely hold for Millennials as well. In preparing for retirement, Millennials will have several advantages relative to previous generations, such as more education, longer working lives, and more flexible work arrangements,...

June 7, 2019
Aging, Articles, Labor Market, Savings, ,
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May 2019

31May

Financial Inclusion

By World Bank Group Financial inclusion has become a major subject of interest among policymakers, researchers, and other financial sector stakeholders. Many countries, for example, have recently adopted explicit financial inclusion strategies with targets for financial inclusion. The interest reflects an increased recognition that financial inclusion can be a driver of economic growth and poverty alleviation, and that many individuals and firms are excluded unnecessarily from even basic financial services. About half of the world's adult population-- more than...

May 31, 2019
Books, Labor Market,
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20May

Three Economic Myths about Ageing: Participation, Immigration and Infrastructure

By Dr Cameron K. Murray, Leith van Onselen Population ageing due to longevity is one of the greatest successes of the modern era. However, it is widely thought to dramatically reduce workforce participation and overall output resulting in significant economic costs. This widely held view is wrong. Ageing countries have higher economic growth and the improved health and longevity of older people increases their economic contributions. High immigration is also thought to combat population ageing and be a remedy...

May 20, 2019
Aging, Articles, Labor Market, , ,
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17May

Informality, Labor Regulation, and the Business Cycle

By Gustavo Leyva, Carlos Urrutia We analyze the joint impact of employment protection and informality on macroeconomic volatility and the propagation of shocks in emerging economies. For this, we propose a small open economy business cycle model with frictional labor markets, labor regulation, and an informal sector, modeled as self-employment. The model is calibrated to the Mexican economy, in particular to business cycle moments for employment and informality obtained from our own calculations with the ENOE survey for the...

May 17, 2019
Articles, Labor Market, Slider-Left, , ,
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10May

Aging Well: Solutions to the Most Pressing Global Challenges of Aging (English Edition)

By Jean Galiana, William A. Haseltine This open access book outlines the challenges of supporting the health and wellbeing of older adults around the world and offers examples of solutions designed by stakeholders, healthcare providers, and public, private and nonprofit organizations in the United States. The solutions presented address challenges including: providing person-centered long-term care, making palliative care accessible in all healthcare settings and the home, enabling aging-in-place, financing long-term care, improving care coordination and access to care,...

May 10, 2019
Aging, Books, Labor Market, ,
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10May

Aging in Sub-Saharan Africa: Recommendations for Furthering Research (English Edition)

By por National Research Council, Division of Behavioral and Social Sciences and Education, Committee on Population, Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Africa In sub-Saharan Africa, older people make up a relatively small fraction of the total population and are supported primarily by family and other kinship networks. They have traditionally been viewed as repositories of information and wisdom, and are critical pillars of the community but as the HIV/AIDS pandemic...

May 10, 2019
Aging, Books, Labor Market, ,
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April 2019

29Apr

Understanding Job Transitions and Retirement Expectations Using Stated Preferences for Job Characteristics

By Nicole Maestas (Harvard Medical School - Department of Health Care Policy), Kathleen J. Mullen (RAND Corporation), David Powell (RAND Corporation), Till Von Wachter (University of California, Los Angeles (UCLA) - Department of Economics), Jeffrey B. Wenger (RAND Corporation; American University - School of Public Affairs) As the population ages in the United States and other countries, encouraging older individuals to work would help counter increasing dependency ratios and improve national economic outcomes. Extending working lives is likely not simply...

April 29, 2019
Aging, Articles, Labor Market,
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15Apr

Workers’ Employment Rates And Pension Reforms In France: The Role Of Implicit Labor Taxation

By Didier Blanchet, Antoine Bozio, Simon Rabaté, Muriel Roger Over the last fifteen years, France has experienced a reversal of older workers’ labor force participation and employment rates. Changes in health, life expectancy or education levels over the period are trend variables and thus cannot explain this “U-shaped” time profile. Pension reforms and associated changes in monetary incentives to retire are a more plausible explanation. Their impact is measured by the implicit tax rate on working longer,...

April 15, 2019
Articles, Labor Market, Pension design, ,
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15Apr

The Dynamism of the New Economy: Non-Standard Employment and Access to Social Security in EU-28

By Sonja Avlijas (LIEPP - Sciences Po) This paper examines the prevalence of non-standard workers in EU-28, rules for accessing social security, and these workers’ risk of not being able to access it. It focuses on temporary and part-time workers, and the self-employed, and offers a particularly detailed analysis of their access to unemployment benefits. It focuses on eligibility, adequacy (net income replacement rates) and identifies those workers which are at the greatest risk of either not receiving benefits or...

April 15, 2019
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