January 2026
16Jan

Pension Wealth and the Timing of Retirement

By Jonas Maibom, Torben M. Andersen & Anne Katrine Borgbjerg We analyze how pension wealth influences retirement timing using 25 years of Danish administrative panel data on wealth and labor market status. Exploiting early-career variation in firm-specific mandatory pension contribution rates, we study labor supply decisions from age 55 onward. Greater pension wealth accelerates labor market exit: at age 63, the elasticity is about 0.3 — an additional 100,000 DKK (15,000 USD) at age 55 reduces earnings by 1% at...

January 16, 2026
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16Jan

Explaining Digital Payments Adoption with Econometrics and Explainable Machine Learning: Cross-Country Evidence from a Global Household Survey

By Saida Hajjaji This paper studies the determinants of individual adoption of digital payments using the Global Findex Database 2025, released by the World Bank and based on nationally representative household surveys conducted in 2024 across 141 economies. We combine a standard econometric approach with explainable machine learning (ML) methods in order to provide both transparent global benchmarks and granular, policy-relevant insights into digital payment behaviours. We first estimate a parsimonious logistic regression model on a broad multi-country sample of 5,189...

January 16, 2026
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16Jan

Cash Transfers and Socioeconomic Behavior among Older Adults:,Evidence from a Regression Discontinuity Design

By Anh Tuyet Nguyen & Hiroyuki Yamada The rapid aging of populations has prompted the introduction of social pension programs aimed at preserving the welfare of the elderly. However, adverse socioeconomic behaviors may dampen the intended policy effects. Using a fuzzy regression discontinuity design, this study examines the impact of social pension receipt on expenditure patterns and material hardship among older adults aged 80 year or older in Vietnam. We find that social pension increases the risk of material hardship...

January 16, 2026
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16Jan

México. Profuturo alcanza la Medalla de Oro de Morningstar y consolida su liderazgo en el sistema de pensiones

Profuturo estableció un precedente en el sector financiero al convertirse en la primera y única Afore en México, además de la única institución de pensiones en América Latina, en obtener la Clasificación Medallista Oro de Morningstar, el mayor reconocimiento que otorga esta firma global especializada en análisis de fondos. Este logro sitúa a la administradora mexicana dentro de un grupo altamente selecto a nivel internacional y consolida su papel como referente en la administración del ahorro para el retiro. La...

January 16, 2026
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09Jan

When digital platforms enter informal sectors: work formalization and institutional change

By Isam Faik, Michelle Gwee, Felix Ter Chain Tan, Carmen Leong & Fithra Faisal Hastiadi Digital platforms are undermining long-standing formal institutions for the organization of work. However, when they enter informal sectors, they contribute to the opposite effect by increasing the formalization of work activities. In this study, we investigate this hitherto unexamined phenomenon by drawing on a case study of Gojek, one of the largest digital platforms in Southeast Asia. We identify three main mechanisms through which the...

January 9, 2026
Articles, Labor Market,
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08Jan

Divorced UK women face 61% pension gap

Female divorcees have been found to typically have £53,160 less in pensions savings than divorced men in the UK, according to research by Now:Pensions and the Pension Policy Institute. Divorced women hold just 39% of the pension wealth of divorced men, with the median pension wealth for divorced men standing at £85,800, compared to £32,640 for divorced women. Among married individuals, men hold 61% more with £111,540, versus £43,656 for women. Divorced women’s annual pension income of £13,893 stands at just...

January 8, 2026
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08Jan

Argentina. Jubilaciones: advierten que el cambio de fórmula implicó una pérdida real de 27,4% en los haberes

Las jubilaciones registran una fuerte caída real mayor al 27% desde el cambio en la fórmula de actualización de la movilidad impulsado por el gobierno de Javier Milei, tal como señala un informe del Centro de Economía Política Argentina (CEPA). El trabajo señala que la modificación vía decreto permitió el ajuste fiscal, pero consolidó una pérdida significativa del poder adquisitivo, especialmente entre quienes cobran la jubilación mínima. El reemplazo del esquema de movilidad previsto en la Ley 27.609 por una fórmula basada exclusivamente en la inflación se instrumentó mediante el DNU 274/2024. De acuerdo con el...

January 8, 2026
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08Jan

Solo dos de cada 10 salvadoreños ahorran para su pensión, la mayoría lo hace mediante una AFP

Solo el 20.1 % de los salvadoreños ahorra para una pensión en la vejez, reveló la Encuesta Nacional de Inclusión y Educación Financiera, la cual evidencia que la mayoría lo hace porque el ahorro se aplica mediante un descuento en la planilla salarial. La encuesta, presentada el martes por el Banco Central de Reserva (BCR), consultó a los salvadoreños si en los últimos 12 meses habían ahorrado o cotizado para obtener una pensión en la vejez. Al respecto, un 79.9...

January 8, 2026
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08Jan

UK. Scale, support and sustainability to define DC pensions market in 2026

LCP expects 2026 to be a pivotal year for the defined contribution (DC) pensions market, driven by new regulation taking shape, tax reform and evolving member expectations. LCP is urging employers and trustees to act early to stay ahead of the curve. LCP’s five key areas of focus for employers and trustees are: 1. Pension Schemes Bill Royal Assent for the Pension Schemes Bill this year will introduce value-for-money (VfM) requirements, small-pot consolidation and post-retirement defaults. LCP is advising trustees to start benchmarking...

January 8, 2026
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08Jan

Refining longevity risks for China’s ageing population

Just like every dark cloud has a silver lining, insurers are proficient at managing risks and turning them into opportunities. As an ageing population has become a pressing issue around the globe, the booming demand for insurance and annuities presents considerable potential. China, one of the fastest-ageing countries, is expected to see its personal insurance market expand from four trillion Chinese yuan (US$553 billion) in 2021 to between 6.6 and 12.6 trillion Chinese yuan by 2035, according to the Boston...

January 8, 2026
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