September 2019

10Sep

US. Are Millennials Preparing For Retirement?

When we talk about retirement security, it’s usually older workers we have in mind. But what about millennials? People currently aged 23 to 39 now make up the largest portion of the U.S. labor force. The future of retirement is, literally, the future of millennials. On the fifth and final (for now!) episode of my podcast Reset Retirement, we explored what’s next for American retirement. For millennials, it’s a mixed bag. While their savings are less than ideal, thanks...

September 10, 2019
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06Sep

Young People in the Labour Market: Past, Present, Future

By Professor Andy Furlong, Dr John Goodwin, Henrietta O'Connor, Sarah Hadfield, Stuart Hall, Kevin Lowden, Reka Plugor Levels of suffering among Levels of suffering among young people have always been much higher than governments suggest. Indeed, policies aimed at young workers have often been framed in ways that help secure conformity to a new employment landscape in which traditional securities have been progressively removed. Increasingly punitive welfare regimes have resulted in new hardships, especially among young women and...

September 6, 2019
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06Sep

Global Risks Affecting Pension Plans

Unlike any other financial product, pensions, whether provided by government, employers or accumulated by individuals themselves, aim to provide people with a livelihood when they no longer work. The income derived from a pension, in the majority of cases, is what determines whether we are able to lead an independent and dignified life after retirement. A good pension system is therefore a critical underpinning of any society. There are three key risks to pensions worldwide that need immediate attention....

September 6, 2019
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06Sep

Individuals shouldn’t have to bear burden of a secure retirement

The near-retirees interviewed in Robert Weisman’s “With market swings, no rest for retirees” (Page A1, Sept. 4) are understandably nervous about their financial future. If the market wobbles, their retirement could rapidly become much less comfortable than they hope. The article didn’t mention that the insecurity these relatively comfortable retirees are facing is part of a longer and larger story of growing financial instability and insecurity for families in the United States. During the past 40 years, the risks...

September 6, 2019
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05Sep

Ageism is putting all our retirements at risk

Pensioner poverty, we are often led to believe, is a thing of the past. Apparently, the Baby Boomer generation has been so successful at defending its interests that the greedy old buggers are raking it in. It is claimed that we live in a ‘retirement aristocracy’. Pensioners spend their days jetting off on holiday or sauntering around the golf course. They are sitting pretty in their oversized, overpriced homes. Meanwhile, younger generations are said to be miserably stuck at...

September 5, 2019
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03Sep

How the Mexican pensions sector plans to tackle a national demographic shift

As demographic shifts and technological innovations disrupt the Mexican pensions sector, industry leaders are seizing the opportunity to create a more sustainable and profitable future Linking the US with Central America, the expansive country of Mexico is the world’s 15th-largest economy and the second biggest in Latin America. Despite ongoing uncertainty surrounding the North American Free Trade Agreement, the Mexican economy has shown remarkable resilience of late, with the IMF expecting the nation to post a steady growth rate...

September 3, 2019
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August 2019

16Aug

The Effect of Pension Growth on the Labor Force Participation of Pensioners in Russia

By Victor Lyashok This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to estimate the net effect of income from such a reform. For evaluation, we used a method combining difference-in-difference and regression discontinuity methods. The results showed that real pension growth by a third reduced labor...

August 16, 2019
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July 2019

26Jul

Defined Benefit Pensions and Homeownership in the Post-Great Recession Era

By Tim Murray While housing equity accounts for a large portion of many retiree’s savings portfolios, they are not using their equity to increase consumption in retirement as suggested by the Life-Cycle Hypothesis. Defined benefit plans provide a guaranteed source of income in retirement where the household bears no risk, whereas households with a defined contribution plan are subject to potential risk depending on their asset allocation. This paper examines whether having a defined benefit plan mitigated some of...

July 26, 2019
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26Jul

Retirement Security: Trends in Corporate Restructurings and Implications for Employee Pensions

By Charles A. Jeszeck, David Lehrer, Charles J Ford, Jessica Moscovitch, James Bennett, Lilia Chaidez, Michelle Munn, Jessica Orr, Cady Panetta, Rhiannon Patterson, Rachel Stoiko, Frank Todisco, Weigle Hannah, Adam Wendel Over the past 20 years, corporate restructurings, particularly mergers and acquisitions (M&A) tended to happen more frequently during periods of economic expansion. GAO's analysis found that from 1999 through 2018, M&A activity comprised the largest share of corporate restructurings. In terms of dollar value of completed deals, M&A...

July 26, 2019
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19Jul

Reconstructing Retirement: Work and Welfare in the UK and USA

By David Lain In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prospects for work and retirement at age sixty five-plus in both the United States and the United Kingdom. After exploring the shifting logic behind both nations' policies--policies that increase both the need and opportunities to work past age sixty five--David Lain presents an original comparative statistical analysis on the...

July 19, 2019
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