February 2024
15Feb

UK. What can schemes do to close the gender pension gap?

Fundamental changes in society are still needed but the pensions industry appears determined to help close the yawning gap between men and women’s retirement incomes. A Pensions Policy Institute (PPI) report in partnership with NOW: Pensions estimates that a girl would need to start saving towards a pension at three to close the vast gender pensions gap between men and women. The PPI’s report, released earlier this month, revealed how by retirement age (67), women had average pension savings of £69,000 compared to...

February 15, 2024
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12Feb

The Role of AI to Enhance Retirement Savings: The Gender Gap Challenge

By Anabel Martínez Colín AI is the biggest disruptor in the financial sector, where there are many AI solutions at work, and the role of AI over it is well documented. However, the deployment of AI in the pension segment is still at an exploratory stage, and its influence on the gender gap in pensions is still unclear. This research explores the relationship between AI readiness and the gender gap in pensions (GGP), which may also be statistically significant. In addition,...

February 12, 2024
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02Feb

Gender Inequality Over the Life Cycle, Information Provision and Policy Preferences

By Alessandra Casarico, Jana Schuetz & Silke Uebelmesser We conduct a survey experiment with four thousand German respondents and provide information on two measures of gender inequality, separately or jointly: the gender gap in earnings and the gender gap in pensions. We analyze the effect of information provision on respondents’ views on the importance of reducing gender inequality and on their agreement with the adoption of policies targeted at different stages of the life cycle and aimed at reducing the...

February 2, 2024
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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
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04Jan

Female-Specific Aging Trajectories Remain Understudied

Most model organisms don’t match human sex specificity The use of model organisms, such as worms, fruit flies, and mice, has helped researchers to understand many aging processes. However, it is also partly to blame for the lack of data on how pregnancy, breastfeeding, and menopause impact aging-related diseases. Animal research is based on the premise that those organisms and humans share essential physiological characteristics. While true in many cases, there are tremendous differences between the physiology of model organisms and...

January 4, 2024
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December 2023
15Dec

Working Without Borders: The Promise and Peril of Online Gig Work

By Datta Namita,Rong Chen, Singh Sunamika, Stinshoff Clara, Iacob Nadina, Nigatu Natnael Simachew, Nxumalo Mpumelelo & Klimaviciute Luka Online gig work poses both opportunities and challenges for governments and workers. On the upside, it offers prospects for income generation, especially in developing countries, where most people work in low-productivity, low-quality, often informal jobs. The virtual and often temporary nature of gig work also provides flexibility for often neglected groups such as women, youth, migrants, and people with disabilities. These jobs...

December 15, 2023
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September 2023
22Sep

Eggs and Baskets: Lifecycle Portfolio Dynamics

By Loretti Dobrescu, Akshay Shanker, Hazel Bateman, Ben Rhodri Newell & Susan Thorp  Housing and pension wealth are two major contributors to the quality of old-age provision. Here we study the interplay between these two asset classes using the impact of changes in saving incentives on wealth accumulation across the lifetime. To do so, we build and estimate a dynamic lifecycle model of saving and portfolio choice featuring risky earnings, lumpy housing with collateralized borrowing, and financial assets inside and...

September 22, 2023
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21Sep

The Future of Retirement: Predictions and Trends

Traditionally, retirement has been viewed as a time for relaxing, enjoying the fruits of your labor, and taking a break from work. It is likely, however, that retirement will look very different in the future. Here, we will analyze some of the trends shaping retirement’s future. In addition, we will offer some predictions about the future of retirement. 1. The retirement savings gap is widening. Future retirees face a growing retirement savings gap as one of their biggest challenges. Based on Census...

September 21, 2023
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12Sep

UK. Pensions: Women get 35% less than men due to care responsibilities

Women's private pension funds are 35% lower than men's, according to the UK government's official estimates. Private pensions consist of workplace schemes or personal pensions set up by individuals using independent companies. Taking time off or going part-time means paying less into pensions during your working life. A charity said employers should do more to support women with caring responsibilities. Rowan Davies, 34, from Cardiff, is currently on maternity leave while caring for her five-month-old son Mabon. She said she was "very aware" of...

September 12, 2023
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04Sep

UK. ‘Real risk of new generation of pension inequality if action not taken’

There is a “real risk” of a new generation of pension inequality emerging if further action is not taken, according to new research. Government, employers and the pensions industry need to act, the report from consultants LCP (Lane Clark & Peacock) said. The Government should take further steps to reduce the inequalities which arise following the birth of a child, including effective policies on shared parenting and greater provision of support for childcare for the youngest children, the report said. Employers should...

September 4, 2023
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