2018 Archives - Page 47 of 53 - Pension Policy International

30JunJune 30, 2018

Nigeria and the Development Quagmire: Prospects of Development through Agriculture, Food Security and Agro-Based Industrialization

By Tesky Timothy Agoben (University of Lagos, Faculty of Social Sciences, Department of Sociology ; Federal University, Ndufu-Alike, Ikwo) This paper focused on ‘The Prospects of Nigeria’s Development through Agriculture, National Food Security and Agro-Based Industrialization’. To effectively examined how these areas of the agricultural sector can serve as prospects for Nigeria’s development, the role of agriculture in a country’s development were highlighted and it was found out from previous agricultural and developmental journals that, agriculture has the potentials to...

June 30, 2018

Articles, System Sustainability2018, Labor Market, Political economy, Public Policy

30JunJune 30, 2018

Questioning Market Aversion in Gender Equality Strategies: Designing Legal Mechanisms for the Promotion of Gender Equality in the Family and the Market

By Hila Shamir (Tel Aviv University - Buchmann Faculty of Law),Tsilly Dagan (Bar Ilan University) & Ayelet Carmeli (Tel Aviv University) Post-industrial economies are at a crossroad. On the one hand countries are dealing with the crisis of unemployment and underemployment, developing strategies to increase labor market participation of all adults, and increase productivity. On the other hand, the same countries are responding to demographic concerns regarding an aging population and decreased birth ratios. These concerns, coupled with a growing...

June 30, 2018

Aging, Articles, Pension design, Regulation2018, Financial Inclusion, Gender Equality, Income, Labor Market, Public Policy

30JunJune 30, 2018

Later Pension, Poorer Health? Evidence from the New State Pension Age in the UK

By Ludovico Carrino (King's College London; Ca Foscari University of Venice - Dipartimento di Economia), Karen Glaser (University of London - Department of Social Science, Health and Medicine (SSHM)) & Mauricio Avendano (King's College London) This paper examines the health impact of UK pension reforms that increased women’s State Pension age for up to six years since 2010. Exploiting an 11% increase in employment caused by the reforms, we show that rising the State Pension age reduces physical and mental...

June 30, 2018

Aging, Articles, Pension design2018, Labor Market, Retirement Age, State Pensions, UK

25JunJune 25, 2018

The Impact of Pensions and Insurance on Global Yield Curves

By Robin M. Greenwood (Harvard Business School) & Annette Vissing-Jorgensen (National Bureau of Economic Research) We document a strong effect of pension and insurance company (P&I) assets on the long end of the yield curve. Using data from 26 countries, the yield spread between 30-year and 10-year government bond yields is negatively related to the ratio of pension assets (in funded and private pension and life insurance arrangements) to GDP, suggesting that preferred-habitat demand by the P&I sector for long-dated...

June 25, 2018

System Sustainability2018, Political economy, US

25JunJune 25, 2018

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 25, 2018

Articles, Pension design, System Sustainability2018, Income, Labor Market, Management

25JunJune 25, 2018

Retiring Employees, Unretired Debt: The Surprising Hidden Cost of Federal Employee Pensions

By William B. P. Robson (C.D. Howe Institute) & Alexandre Laurin (C.D. Howe Institute) Ottawa provides its employees with defined-benefit pensions that promise relatively generous benefits to a large current and former workforce. Being largely unfunded, these plans require future taxpayer support. They also create taxpayer risk because the economic value of the benefits they will provide can fluctuate by tens of billions of dollars annually. Current accounting practices understate this burden and the risks these plans create for taxpayers...

June 25, 2018

Articles, Management, System Sustainability2018, Defined Benefit, State Pensions

25JunJune 25, 2018

Saving Preferences After Retirement

By Jennifer Alonso-García (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)), Hazel Bateman (UNSW - School of Actuarial Studies, Centre for Pensions and Superannuation), Johan Bonekamp (Tilburg University - Department of Econometrics & Operations Research), Arthur van Soest (Tilburg University) & Ralph Stevens (CPB Netherlands Bureau of Economic Policy Analysis; CEPAR) We investigate the importance of rational and psychological motives for choosing a saving and consumption trajectory after retirement. Using an online...

June 25, 2018

Articles, Savings2018, Behavioral, Payout

16JunJune 16, 2018

Wage Determination in the Long Run, Real Wage Resistance and Unemployment: Multivariate Analysis of Cointegrating Relations in 10 OECD Economies

By Timo Tyrväinen (Bank of Finland) Over the past twenty years or so, unemployment has been increasing in most OECD economies.In the same period, there has been a considerable increase in the wedge between the real cost to the employer of hiring a worker and the net real wage received by the worker.The present study examines whether changes in the wedge (including various tax rates) may have generated long-lasting effects on real labour costs.Behaviour which generates this kind of outcome...

June 16, 2018

Aging, Articles, Labor Market2018, Political economy

16JunJune 16, 2018

Population Aging and the Possibility of a Middle-Income Trap in Asia

By Joonkyung Ha (Hanyang University - Ansan Campus) & Sang-Hyop Lee (University of Hawaii - Department of Economics) We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio—the ratio of workers to consumers—matters for economic growth, (2) economic development accompanies more investment in human capital and lower fertility due to the quantity–quality trade-off, and (3) current low level of fertility...

June 16, 2018

Aging, Articles2018, Asia, Income, Political economy

16JunJune 16, 2018

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 16, 2018

Articles, Pension design, Regulation2018, Chile, Income, Political economy, Public Policy, Reform

June 2018