January 2024
19Jan

Inter-Generational Spillovers in Labor Supply: Evidence from a Danish Retirement Reform

By Malene C. F. Laczek In this paper, I study how the labor supply of one generation affects the next. Utilizing longitudinal Danish register data and a large retirement reform, I document that parents’ retirement significantly affects the labor supply of their adult children. This inter-generational link is driven solely by mothers. Concretely, mothers’ retirement permanently increases their adult children’s income rank by 7 income rank points, driven by increased hours worked, participation in the labor force, improved occupational rank,...

January 19, 2024
Articles, Labor Market, , , ,
Read more...
19Jan

Social Security and Inequality in Belgium

By Giulia Klinges, Alain Jousten & Mathieu Lefebvre Over the years, the Belgian social security system has undergone substantial reform with a prime focus on increasing older worker labor force participation. The paper explores the effect of past reforms on inequality in old age. We distinguish two separate effects: The mechanical effect considers the change in inequality and expected benefit levels due to the reforms for a fixed retirement age distribution. The behavioral effect accounts for the endogenous change caused...

January 19, 2024
Articles, System Characterization, , , ,
Read more...
12Jan

Fast Facts & Figures About Social Security, 2023

By Social Security Administration  People contribute to Social Security through payroll taxes or self-employment taxes, as required by the Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act (SECA). The maximum taxable amount is updated annually on the basis of increases in the average wage. Of the 181 million workers with earnings in Social Security–covered employment in 2022, about 7% had earnings that equaled or exceeded the maximum amount subject to taxes, compared with 3% when the program began...

January 12, 2024
Books, Books, Reports, System Characterization,
Read more...
12Jan

The State of Pensions 2023: Year End Update

By Anthony Randazzo & Jonathan Moddy  In 2023, U.S. public pension funds remain fragile. According to Equable Institute’sState of Pensions 2023 report, state and municipal retirement systems are on track to miss their investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or funded ratio in 2023. In this post, we will look at pension funding trends and detail the health of pension funds in an increasingly unpredictable market and where risky investments are more popular than ever....

January 12, 2024
Books, Books, Reports, System Characterization, , ,
Read more...
03Jan

Sistema Nacional de Pensiones, por una vejez sin pobreza

Por Verónica González Vázquez Durante los últimos 28 años se han realizado múltiples análisis, valuaciones y diagnósticos de las características de pensión por vejez en México en los que han participado especialistas, investigadores y responsables de varias disciplinas con la intención de encontrar lo que podría ser un área de oportunidad. En algunas ocasiones se ha abarcado a la totalidad de la población mexicana, en otras, la mayoría, se ha analizado por sector económico o por pensiones contributivas o no contributivas;...

January 3, 2024
Artículos, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , ,
Read more...