May 2025
30May

Does Education Improve Financial Outcomes? Evidence from Stock Market and Retirement Accounts in Türkiye

By Abdurrahman Aydemir & Yarsan Ersan We examine the causal effect of education on financial outcomes related to stock markets and retirement savings, leveraging a major compulsory school reform and a unique data set covering the universe of investors in Türkiye. The estimates show no effects on participation rates, portfolio composition, or return performance. Moreover, education does not appear to influence behavioral biases or heuristics in retirement plans. The reform leads to a 3% increase in pension savings for females,...

May 30, 2025
Articles, System Characterization, , , ,
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23May

European semester thematic factsheet adequacy and sustainability of pensions

Pensions are the main source of income for older people in Europe, coming mostly from 'pay-as-you-go' public schemes. Retired people drawing a pension are a significant and — due to demographic ageing — a growing part of the EU population (about 124 million, or a quarter of the total population1). European pension systems are facing the dual challenge of remaining financially sustainable and being able to provide Europeans with an adequate income in retirement. The key purpose of pension...

May 23, 2025
Adequacy, Books, Books, System Sustainability, , , ,
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23May

A Canadian Approach to Rethinking Technology Design for Aging Populations

By Milena Head Older adults are the fastest-growing segment of the population. In Canada, one in five people are 65 or older, and by 2065, this will increase to more than one in four. Yet, despite their growing numbers, older adults often face exclusion and marginalization in technology design. This digital divide has significant consequences, leading to isolation, loneliness, frustration, and poor health outcomes, particularly when we intersect factors like lower socioeconomic status, race, gender, and immigrant status. Source: @SSRN

May 23, 2025
Aging, Articles, , , ,
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23May

Decoding Pension Funds: Sustainability Indicators for Annual Report Analysis

By Leticia Martins Medeiros, Clea Beatriz Macagnan & Rosane Seibert Pension funds' growth highlights the need to emphasize fiduciary duty and investment sustainability, considering the current and future participants' interests (priority stakeholders) and systemic risk reduction (environmental, social, economic, and governance effects). Therefore, this study builds sustainability indicators based on the interests of pension fund stakeholders. The methodology comprised five stages: the first consisted of analyzing Annual Information Reports to create a preliminary list of indicators; the second involved examining...

May 23, 2025
Articles, System Sustainability, , ,
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23May

Reforming pensions in Africa: Addressing coverage, payoutdisparities, and dementia outcomes for sustainable aging

By yprian M. Mostert, Catherine Ajalo & David Andai We appreciate the thoughtful feedback from scholars who suggest thatwe should have used life expectancy at age 45 or 25 to support ourargument for pension reforms in Africa. While life expectancy at thesespecific ages provides an average estimate of the remaining lifespan, itdoes not capture the nuances of individual survival probabilities, mak-ing it less reliable for certain analyses. This remains a debated topic inthe literature.1,2 Life expectancy at birth, on the...

May 23, 2025
Articles, Pension design, , , , , ,
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21May

Alfabetización financiera y ahorro para el retiro de los mexicanos durante la pandemia de Covid-19

Por Elena Moreno García & Sergio Hernández Mejía Esta investigación tiene como objetivo analizar como cambió el ahorro para el retiro de los mexicanos durante el periodo de pandemia y determinar si el cambio estuvo en función de su nivel de alfabetización financiera, su educación financiera y sus características socioeconómicas y demográficas. Se estima un modelo Logit multinomial con datos de la Encuesta Nacional de Inclusión Financiera correspondientes a 2021 y 2018. Los resultados evidencian un aumento significativo del 5.76%...

May 21, 2025
Ahorro, Artículos, , ,
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16May

The Longevity Story: Opportunities and Considerations

By World Governments Summit   This report delves into the concept of longevity, highlighting how advancements in medical technology, sanitation, preventive care, and lifestyle choices have significantly increased human lifespans—from an average of 45 years in the 1950s to over 73 years today. While early efforts to extend life overlooked aging itself, recent focus on understanding and potentially reversing the aging process has fueled the growth of the longevity industry. Organizations like Altos Labs, Hevolution Foundation, and Pure Health are pioneering...

May 16, 2025
Aging, Books, Books, Reports, , ,
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16May

Investor Fiduciary Duties in the Crosshairs – Targeting a Mirage

By Susan N. Gary, Keith L. Johnson & Nicholas W. Zuiker The fiduciary duties of institutional investors have become a hot issue amongst policymakers and courts, with the future financial security of millions of American workers and savers at stake. Unfortunately, many recent policy debates and court opinions on investor fiduciary duties demonstrate only a limited understanding of fiduciary duty principles.  A more complete appreciation of the full range of investor fiduciary duties is essential to inform policy and court decisions that...

May 16, 2025
Articles, Investment, ,
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16May

The vision of younger-seniors-based elderly care in rural China: based on population aging predictions from 2020 to 2050

By Haojian Dou, Cheng Wang, Guishan Cheng, Xiaoyan Lei & Shuang Xu  Population aging is an irreversible and challenging global trend. Factors that worsen it in rural areas include the outflow of young adults, lack of medical resources, and uneven economic development. Based on projections of rural population aging trends in China from 2020 to 2050, this article explores the growth trends and spatial heterogeneity of elderly populations in rural areas. The results indicate that from 2020 to 2050, the...

May 16, 2025
Aging, Articles, , ,
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16May

Till Death Us do Part: Liquidity and the Annuity Puzzle

By Barbara Summers & Robert Hudson The annuity puzzle refers to the phenomenon that voluntary annuity take-up is typically much lower than predicted by mainstream economic models. Such models typically make strong assumptions regarding the risk and uncertainty facing individuals and neglect the role of liquidity. Often individuals are assumed to face only longevity risk or to have hedged all other risks in complete markets. In practice individuals need an element of liquidity in their portfolios to control the risks...

May 16, 2025
Articles, Pension design, , ,
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