November 2017

03Nov

What are the effects of expanding a social pension program on extreme poverty and labor supply ? evidence from Mexico's pension program for the elderly (English)

By Clemente Avila Parra & David Ricardo Escamilla Guerrero In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results...

November 3, 2017
Articles, Labor Market, Pension design, Slider-Left, , , ,
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03Nov

Framing the Future: Using Investment and Assurance Frames to Encourage Retirement Information Search

By Wiebke Eberhardt, Elisabeth Brüggen (Maastricht University), Thomas Post (Netspar), Chantal Hoet (Aegon) Many pension plan participants are inactive. They do not look up information on their retirement income and discover pension gaps too late to take action. We analyze how pension communication framing interventions motivate participants to acquire retirement income information. First, we show that classical loss frames (vs. gain) are an effective intervention, but also evoke negative perceptions and evaluations. Second, we develop new frames (assurance, investment) tapping...

November 3, 2017
Articles, Labor Market, Management
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03Nov

The Nation's Retirement System: A Comprehensive Re-Evaluation Is Needed to Better Promote Future Retirement Security

By Charles A. Jeszeck, Margie K Shields, Justine Augeri, Christina Cantor, Gustavo Fernandez, Jennifer Gregory, Adam Wendel, Seyda Wentworth (Government Accountability Office) The U.S. retirement system, and the workers and retirees it was designed to help, face major challenges. Traditional pensions have become much less common, and individuals are increasingly responsible for planning and managing their own retirement savings accounts, such as 401(k) plans. Yet research shows that many households are ill-equipped for this task and have little or no...

November 3, 2017
Aging, Articles, Labor Market, Regulation, , ,
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03Nov

The Nation’s Retirement System: A Comprehensive Re-Evaluation Is Needed to Better Promote Future Retirement Security

By Charles A. Jeszeck, Margie K Shields, Justine Augeri, Christina Cantor, Gustavo Fernandez, Jennifer Gregory, Adam Wendel, Seyda Wentworth (Government Accountability Office) The U.S. retirement system, and the workers and retirees it was designed to help, face major challenges. Traditional pensions have become much less common, and individuals are increasingly responsible for planning and managing their own retirement savings accounts, such as 401(k) plans. Yet research shows that many households are ill-equipped for this task and have little or no...

November 3, 2017
Aging, Articles, Labor Market, Regulation, , ,
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October 2017

27Oct

A New Labour Ecosystem in the Sharing Economy: A Platform for Growth?

By Marta Santos Silva (University of Bremen) The role of the traditional labour market is being challenged by globalisation and modern technology, particularly the unprecedented and generalised use of smartphones. Online platforms facilitating the on-demand economy are radically changing the prospects for the jobs of the future, which will be less regulated and more inclusive. This paper focuses on online ridesharing platforms, particularly Uber as international market leader, and their potential for combating social inequality and developing the transport industry. Online ridesharing platforms...

October 27, 2017
Adequacy, Aging, Articles, Labor Market, ,
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25Oct

Transición pensional del Régimen General de pensiones en el ESD: Servidores Públicos

por Angela Janeth Rivera Silva Los fondos de pensiones que administran el Régimen De Prima Media con Prestación Definida, han visto en aumento el número de demandas en su contra por parte de los pensionados por ley 33 de 1985, quienes solicitan la Reliquidación de la Pensión con el IBL del último año de servicios y todos los factores salariales percibidos, con fundamento en la Sentencia del 4 de agosto de 2010 del Consejo de Estado , y la Circular...

October 25, 2017
Adequacy, Books, Labor Market, Regulation, ,
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16Oct

A Survey of Behavioral Finance

By Nicholas Barberis, Richard Thaler Behavioral finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. The field has two building blocks: limits to arbitrage, which argues that it can be difficult for rational traders to undo the dislocations caused by less rational traders; and psychology, which catalogues the kinds of deviations from full rationality we might expect to see. We discuss these two topics, and then present a number...

October 16, 2017
Articles, Labor Market, Slider-Left, System Sustainability,
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16Oct

How the Growing Gap in Life Expectancy May Affect Retirement Benefits and Reforms

By Alan J. Auerbach, Kerwin K. Charles, Courtney C. Coile, William Gale, Dana Goldman, Ronald Lee, Charles M. Lucas, Peter R. Orszag, Louise M. Sheiner, Bryan Tysinger, David N. Weil, Justin Wolfers, Rebeca Wong Older Americans have experienced dramatic gains in life expectancy in recent decades, but an emerging literature reveals that these gains are accumulating mostly to those at the top of the income distribution. We explore how growing inequality in life expectancy affects lifetime benefits from Social Security,...

October 16, 2017
Articles, Funding, Labor Market, Regulation,
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09Oct

Saving the Next Billion from Old Age Poverty. Global Lessons for Local Action

This Book Project is the first of a series of initiatives by pinBox to jumpstart a global dialogue and collaborative action on pension inclusion across Asia, Africa and Latin America. The Book presents the policy outlook, past efforts and planned interventions by several developing countries as well as thematic chapters on the key principles and issues in design and implementation of inclusive pension arrangements. This book was realeased on October 12 on the pinBox Digital Micro-Pension Inclusion Roundtable 2017 For more information...

October 9, 2017
Adequacy, Aging, Articles, Books, Corporate Governance, Funding, Investing, Labor Market, Management, News, Pension design, Regulation, Savings, Slider, Supervision, System Sustainability
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02Oct

pinBox Digital Micro-Pension Inclusion Roundtable 2017

On 12 October 2017, pinBox Solutions and the Walsh School of Foreign Service at Georgetown University are co-hosting the first global policy roundtable on digital microPension inclusion. The roundtable co-sponsored by UNCDF, PFIP, CEM Benchmarking, Center for Financial Inclusion at Accion and microPension Foundation. The roundtable will be platform for the global launch of the new book titled Saving the Next Billion from Old Age Poverty: Global Lessons for Local Action. This book is co-edited by Parul Seth Khanna, William...

October 2, 2017
Adequacy, Aging, Event, Funding, Investing, Labor Market, Management, Slider-Left
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