August 2024
30Aug

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Vallette, Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The results...

August 30, 2024
System Characterization, ,
Read more...
30Aug

A Two-Generation Model with Altruism for Reverse Mortgage Demand

By Yunxiao Wang, Katja Hanewald, Zilin (Scott) Shao, Hazel Bateman Reverse mortgage markets remain relatively small internationally, with one frequently cited reason being bequest motives. We study the role of reverse mortgages in intergenerational financial planning as a tool for families to bring forward bequests. We develop a new two-generation lifecycle model with parental altruism to compare the welfare gains of bequests and early bequests (inter vivos gifts) for homeowning parents and adult children seeking to purchase their first home....

August 30, 2024
Pension design, , ,
Read more...
30Aug

Collective Defined Contribution (CDC) Schemes: Assessing Capacity for Alternative Investments

By Aili Chen, CFA As pension systems adapt to changing economics and demographics, there is growing interest in collective defined contribution (CDC) schemes as they offer a different approach to retirement savings compared to defined benefit (DB) schemes. Instead of providing a guaranteed pension payment, CDC schemes provide workers with a pot of money to use in retirement, alleviating corporate sponsors of the responsibility and cost associated with providing lifetime guaranteed benefit payments. The size of the pension pot can...

August 30, 2024
Pension design, ,
Read more...
30Aug

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Valette & Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The...

August 30, 2024
Articles, System Characterization, ,
Read more...
30Aug

A Two-Generation Model with Altruism for Reverse Mortgage Demand

By Yunxiao Wang, Katja Hanewald, Zilin (Scott) Shao & Hazel Bateman Reverse mortgage markets remain relatively small internationally, with one frequently cited reason being bequest motives. We study the role of reverse mortgages in intergenerational financial planning as a tool for families to bring forward bequests. We develop a new two-generation lifecycle model with parental altruism to compare the welfare gains of bequests and early bequests (inter vivos gifts) for homeowning parents and adult children seeking to purchase their first...

August 30, 2024
Articles, Pension design, , ,
Read more...
30Aug

Collective Defined Contribution (CDC) Schemes: Assessing Capacity for Alternative Investments

By Aili Chen, CFA  As pension systems adapt to changing economics and demographics, there is growing interest in collective defined contribution (CDC) schemes as they offer a different approach to retirement savings compared to defined benefit (DB) schemes. Instead of providing a guaranteed pension payment, CDC schemes provide workers with a pot of money to use in retirement, alleviating corporate sponsors of the responsibility and cost associated with providing lifetime guaranteed benefit payments. The size of the pension pot can...

August 30, 2024
Articles, Pension design, ,
Read more...
28Aug

Políticas Públicas sobre Envejecimiento en Chile: Revisión Narrativa 1990-2022

Por Viviana García, Nicolás López Andrea Silva, Miguel Bustamante, Soraya León, Luzmarina Silva, Mauricio Baeza, Carol Chandía & Jorge Gamonal El artículo revisa políticas públicas sobre el envejecimiento en Chile desde 1990 hasta 2022, basándose en los cuatro ejes de la Política Integral de Envejecimiento Positivo: saludable, seguro, institucional y participativo. Para ello, se analizaron, según cada eje, diferentes ámbitos de intervención, tales como alimentación, establecimientos de larga estadía, reforma de pensiones, ley de envejecimiento activo, sexualidad, transporte público y...

August 28, 2024
Artículos, Envejecimiento, Envejecimiento, ,
Read more...
28Aug

Situación de las personas adultas mayores en México

Por Instituto Nacional de las Mujeres  El envejecimiento de la población puede considerarse un éxito de las políticas de salud pública y el desarrollo socioeconómico, pero también constituye un reto para la sociedad, que debe adaptarse a ello para mejorar al máximo la salud y la capacidad funcional de las personas mayores, así como su participación social y su seguridad (OMS, 2014). Cuando nos referimos al envejecimiento, hablamos de un proceso natural, gradual, continuo e irreversible de cambios a través del...

August 28, 2024
Envejecimiento, Envejecimiento, Libros, Libros, Reportes, , ,
Read more...
23Aug

A Wealth of Well-Being: A Holistic Approach to Behavioral Finance

By Meir Statman In A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, Professor Meir Statman, established thought leader in behavioral finance, explores how life well-being, the overarching aim of individuals in the third generation of behavioral finance, is underpinned by financial well-being, and how life well-being extends beyond financial well-being to family, friendship, religion, health, work, and education. Combining recent scientific findings by scholars in finance, economics, law, medicine, psychology, and sociology with real-life stories at the intersection of finances and...

August 23, 2024
Books, Books, ,
Read more...
21Aug

La inclusión financiera en el Perú

Por Allan Herminio Vargas García  La inclusión financiera es un factor clave en el desarrollo económico de una nación desde un punto de vista de acceso (oferta), uso (demanda) y calidad de los servicios financieros. El uso y acceso a servicios financieros permite a la población ahorrar los excedentes de capital para realizar previsiones y futuras inversiones. Asimismo, genera una base sólida de ahorros redu-ciendo la dependencia de los mercados financieros internacionales ante choques económicos. El acceso a una cuenta...

August 21, 2024
Artículos, Caracterización del Sistema, , ,
Read more...