March 2020

Continuing Care Retirement Communities (B2B Procurement) in the Netherlands: B2B Purchasing + Procurement Values

By Editorial DataGroup Europe The Continuing Care Retirement Communities (B2B Procurement) Netherlands eBook Report gives data on the Purchases of 41 Raw Materials, Semi-Finished, Finished Products, plus all other business-to-business Purchases and Expenses by the Companies and Entities in the Continuing care retirement communities sector. The Continuing Care Retirement Communities (B2B Procurement) Netherlands eBook provides 14 years Historic and Forecast data on the Business to Business Purchasing and Procurement in the Continuing care retirement communities sector businesses and organisations...

BBC coronavirus UK warning: Pensioners face ‘rapid increase’ in risk of death from illness

Sir Patrick Vallance outlined that the mortality rate of COVID-19 cases for people over the age of 80 is around eight percent, he then contrasted this with the mortality rate for children under which is "essentially zero". The Government chief scientific adviser stated that this was due to the likelihood of people over the age of 80 to have co-existing illnesses in comparison to any other demographic. Sir Patrick Vallance said: "Older people are vulnerable to all sorts of...

February 2020

Coronavirus, Global Aging & How Future Contagions May Affect Life In Retirement

The Novel Coronavirus is spreading. So is fear. Despite our alleged rational, technologically-advanced, and informed era – fear changes everything. Unfortunately, the fear factor around the current and future global contagions is likely to grow exponentially and is likely to disproportionately affect the lives and wellbeing of older people. News of the Coronavirus has spread far ahead of the contagion itself. Nearly every news source has headlined the virus. As of this writing, nearly 800 million hits can...

UK. The rising cost of care

What does the chart show? The disposable incomes of pensioners aged 65 to 74 after direct taxes are likely to increase by 1.9 per cent a year over the next 10 years — to give an average annual income of £41,500. However, with the average weekly cost of nursing care for self-funders at £1,035, the majority of retired households requiring these services cannot afford to pay the annual fees of £53,820 out of their income, according to research by Irwin...

Progress and Challenges of Nonfinancial Defined Contribution Pension Schemes

The aim of this anthology is to provide new contributions to the collective knowledge of the issues and challenges of designing mandated and earnings-related universal public pension schemes (UPPS), in which a universal public nonfinancial defined contribution (NDC) scheme is one of four design options. In 1994, Nonfinancial Defined Contribution (NDC) Pension Schemes left the crib and was taking its first steps in Sweden, Italy, and Latvia. A couple of years later a fourth sibling was born in Poland, with...

Health, Wealth, and Informality over the Life Cycle

By Julien Albertini, Xavier Fairise, Anthony Terriau How do labor market and health outcomes interact over the life cycle in a country characterized by a large informal sector and strong inequalities? To quantify the effects of bad health on labor market trajectories, wealth, and consumption, we develop a life-cycle heterogeneous agents model with a formal and an informal sector. We estimate our model using data from the National Income Dynamics Study, the first nationally representative panel study in South Africa. We...

Death or Bust? The Risk with Post-Retirement Models: A Quantitative Evaluation

By Ross Pepperell, ,David Greenwood, Muhamed Alsharman The purpose of this report is to quantitatively evaluate whether commonly used models of asset returns pose a threat to the successful retirement of retirees. In doing so, we evaluate the whether the 4% ‘safe’ withdrawal rule holds with more realistic models of market behaviour. Our approach comprises a quantitative evaluation seven of the most common portfolio simulation approaches including: Simple analytic formula; Historical backtesting; Bootstrapping; Analytic Stochastic; Simple Monte Carlo; Filtered...

January 2020

Health Inequality Among Chinese Older Adults: The Role of Childhood Circumstances

By Binjian Yan, Xi Chen, Thomas M. Gill This paper examines the extent to which childhood circumstances contribute to health inequality in old age and how the contributions may vary across key dimensions of health. We link the China Health and Retirement Longitudinal Study (CHARLS) in 2013 and 2015 with its Life History Survey in 2014 to quantify health inequality due to childhood circumstances for which they have little control. We evaluate comprehensive dimensions of health ranging from cognitive...

Effect of Immigration on Depression Among Older Natives in Western Europe

By: Jose Escarce, Lorenzo Rocco To our knowledge, no study has examined the effect of immigration on the health of older natives. We use the Study of Health, Ageing and Retirement in Europe (SHARE) to investigate whether immigration affects depression among natives 65-80 years old. Immigration may increase the supply and lower the price of personal and household services, a term that refers to care services and non-care services such as cleaning, meal preparation, and domestic chores. Higher consumption...

The World’s Best Places to Retire in 2020

“Where should I retire?” This is the question we hear most often at International Living, and every January we give you our most definitive answer in the form of our Annual Global Retirement Index. When it was first conceived, our Retirement Index was our special way of coping with an embarrassment of riches. At that stage, IL had already spent over a decade exploring all manner of dream locales. The result was a huge and exciting variety of choice and opportunity. Fast-forward to...