April 2026
29Apr

Gambling for Retirement: The Economics of Savings Lotteries

By Jared Gars, Justin Holz, Rodemeier & Juan Miguel Villa Governments frequently use lottery-like incentives to encourage socially desirable behavior ("Pigouvian lotteries"). We study lotteries that encourage retirement savings in a nationwide field experiment with over 380,000 participants in Colombia's public pension system. Lotteries increase savings during the qualification period, but this effect is almost entirely offset by subsequent declines in savings, as workers strategically shift the timing of deposits. Lotteries also crowd out demand for valuable life and disability...

April 29, 2026
Articles, Savings, , , , ,
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29Apr

The Welfare Effects of Protecting Older Workers

By Todd Morris, Stefan Staubli & Benoit Dostie We evaluate the welfare effects of five provincial mandatory retirement bans in Canada from 2005 to 2009 using linked employer-employee tax data. The bans sharply reduce retirements at age 65, with sizable announcement effects and heterogeneity across industries. Post-65 employment and earnings rise at least 14%, with gains comparable to a two-year increase in pension-eligibility ages. Older workers save more and spouses postpone retirement, benefiting public finances, with no observable effects on...

April 29, 2026
Aging, Articles, , , ,
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29Apr

Threats of AI? Workers’ perceptions of technological change and precautionary saving behaviour

By Kun Lee, Ludivine Martin & Thuc-Uyen Nguyen-Thi Despite the extensive literature on the labour market impacts of technological change, workers’ behavioural adaptation to augmented technological risks remains relatively underexplored. In this study, we investigate workers’ perceptions of future risks posed by AI and advanced technologies and how these perceptions are causally linked with their precautionary saving behaviour. Using a novel survey of workers in Luxembourg – a country characterised by rapid technological change and dynamic labour markets – we...

April 29, 2026
Articles, Labor Market, , , ,
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29Apr

Políticas públicas que inciden en el bienestar de los adultos mayores en México

Por Vanessa Sarahí Martínez-Sepúlveda, Elda Ayde De León-de la Garza & Karla Annett Cynthia Saénz-López Objetivo: identificar las políticas públicas inciden positivamente en el bienestar de los adultos mayores. H1: La atención a la salud es una política pública que incide positivamente en el bienestar de los adultos mayores en México. H2: La igualdad de oportunidades es una política pública que incide positivamente en el bienestar de los adultos mayores en México. Método: Se consultó base de datos donde se...

April 29, 2026
Artículos, Envejecimiento, Envejecimiento, , ,
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27Apr

Analysis-Brazil shackles public pension funds after Banco Master meltdown

Brazil’s biggest bank failure in recent history has led to an aggressive crackdown on public pension funds, which were among its creditors, limiting their portfolios in ways that could make it harder to hit their long-term targets. The new restraints for public pension funds, which manage some $73 billion in Brazil, are part of the widening fallout from the liquidation of Banco Master, with consequences for politicians, a state-run lender and even central bankers. Although Master was not considered a systemic...

April 27, 2026
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27Apr

Baby boomers have now ‘gobbled up’ nearly one-third of America’s wealth share, and they’re leaving Gen Z and millennials behind

Older Americans may be trading in hustling for retirement, but that hasn’t stopped them from getting richer. Baby boomers now hold a record high of the United States’ wealth, Apollo chief economist Torsten Slok noted in a December blog post, citing Federal Reserve data. Compared to 1989, when those over 70 years old held 19% of the wealth in the household sector, older Americans now own 31% of the wealth. That chunk of change is an outsize share compared to other generations....

April 27, 2026
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22Apr

El derecho a la pensión entre el alivio y la supervivencia: voces y experiencias de las personas mayores del norte de México

Por Diana Karina Chaparro Baeza & Blanca Mirthala Tamez Valdez  El envejecimiento poblacional en México se desarrolla en un contexto de profundas desigualdades sociales y sistemas de protección social fragmentados, lo que coloca a amplios sectores de las personas mayores (PM) en condiciones de precariedad. En este escenario, las políticas de pensiones, particularmente la pensión no contributiva de carácter universal, se han presentado como estrategias estatalespara garantizar un ingreso mínimo en la vejez. No obstante, resulta necesario analizar cómo estas...

April 22, 2026
Artículos, Caracterización del Sistema, , , , ,
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17Apr

How Will AI Affect Financial Planning for Retirement?

By Luke Delorme  I recently attended a financial advisor conference focused on artificial intelligence. Drawing on what I learned, this post summarizes my thoughts on how AI may reshape financial planning for retirement savers. Spoiler alert: I think it has great potential to help both advisors and individuals. The first iteration of AI tools has already improved retirement planning. For example, forward-thinking advisors are currently using AI note-taking tools, which allow advisors to listen more closely to their clients without missing...

April 17, 2026
Articles, Pension design, , , ,
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17Apr

Opt-in or Opt-out? The Power of Defaults in Pension Enrollment Choices

By Tabea Bucher-Koenen, Luisa Wallossek & Joachim Winter Default settings strongly increase pension enrollment, especially when savings incentives are high and choices are complex. We show that the effect is weaker when incentives are low, options are simple, and opting out is easy. We study the nationwide introduction of auto-enrollment for lowincome employees in Germany's public pay-as-you-go pension system. We find that automatic enrollment raises participation by 23 percentage points, though most individuals actively opt out. Linking administrative and survey data...

April 17, 2026
Articles, Pension design, , , ,
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10Apr

The Impact of Ageing on the Fiscal Sustainability of EU Health Care Systems: Projections and Policy Responses

By Boriana Goranova & Santiago Calvo Ramos  This Economic Brief analyses the effects of the expected population ageing on the public expenditure on health care in the EU, discusses the different policy options and finally describes the activities in this field by the European Commission. Get the report here  

April 10, 2026
Books, Books, Reports, System Sustainability, , , , ,
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