December 2019

27Dec

Labor Supply Responses to Health Shocks : Evidence from High-Frequency Labor Market Data from Urban Ghana: World Bank Group Publications

By World Bank Group Publications, World Bank Group, World Bank, Heath Rachel, Mansuri Ghazala, Rijkers Bob Workers in developing countries are subject to frequent health shocks. Using 10 weeks of high-frequency labor market data that were collected in urban Ghana, this paper documents that men are 9 percentage points more likely to work in weeks in which another worker in the household is unexpectedly ill. The paper provides suggestive evidence that these effects are strongest among very risk averse...

December 27, 2019
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November 2019

25Nov

Leveraging AI To Accelerate Precision Health For Longevity

People over 50 are the fastest growing demographic group worldwide. This creates both opportunities and challenges for the global economy and healthcare systems. The Longevity Industry, which provides products and services for those aged over 50 is becoming a multi-trillion-dollar industry. There are currently 260 companies, 250 investors, 10 non-profits, and 10 research labs in the Longevity Industry in the UK alone. In the next decade, Longevity policies enacted by governments, and changes in the financial industry will transform...

November 25, 2019
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12Nov

Switzerland. Aging in good health: The inequalities are widening

Life expectancy in Switzerland has been growing steadily for decades. But have these additional years been spent in good health or, on the contrary, do they only prolong the ills of an aging population? In an attempt to answer this question, researchers from the University of Geneva (UNIGE), Switzerland, collated data from the Swiss National Cohort (SNC) and the Swiss Health Surveys between 1990 and 2015, all within the framework of the "LIVES" National Centre of Competence in Research...

November 12, 2019
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October 2019

24Oct

A step closer towards universal health coverage for an ageing world

HelpAge attended the High-Level Meeting on Universal Health Coverage (UHC) at the United Nations, New York. UHC is essential for ensuring all people, everywhere, can access quality health and care services with financial protection. At the meeting and in the months leading up to it, we have heard countless examples of how affordable, accessible, quality health and care services unlock people's potential and how UHC is therefore one of the smartest investments countries can make. Older people face specific...

October 24, 2019
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September 2019

23Sep

Zimbabwe. NSSA to effect upward review of pension payouts

The National Social Security Authority (NSSA) will soon effect an upward review of pension payouts to improve the welfare of pensioners and cushion them from the economic challenges. This follows a Government decision in July this year, to award a once off discretionary bonus equivalent to a month’s pension to cushion pensioners from the general increase in the cost of living. The actual percentage increases could, however, not be ascertained this week, as NSSA is still in the process...

September 23, 2019
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20Sep

UK. Pensions and healthcare at risk from no-deal Brexit

The financial advisory firm’s CEO, Nigel Green, warned that pension providers could lose the automatic right to make payments into European-based banks under no deal. These seamless transactions are currently possible thanks to a system known as ‘passporting’, a reciprocal arrangement of EU laws that allow payments across borders. Hundreds of thousands of pensioners could see this disrupted or completely stopped overnight, according to Green, who accused Boris Johnson of not even trying to get a deal. “The end...

September 20, 2019
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July 2019

26Jul

Aging and Work in the 21st Century

By Kenneth S Shultz (Editor), Gary A Adams Aging and Work in the 21st Century, 2nd edition, reviews, summarizes, and integrates existing literature from various disciplines with regard to aging and work, but with a focus on recent advances in the field. Chapter authors, all leading experts within their respective areas, provide recommendations for future research, practice, and/or public policy. Fully revised and updated, the second edition takes up many of the same critical topics addressed in the...

July 26, 2019
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19Jul

Selecting a Social Security Age to Balance Consumption and Risk

By Barry Cobb, Jeffrey Smith This paper uses Monte Carlo simulation to determine the maximum consumption given retirement at age 62, initial wealth, risk tolerance, and Social Security take decision. Coile et al. (2002) argue for a delay, because the payment increases 7% for each year. Focusing on maximizing the expected present value of benefits may be misguided. This paper shows that, conditional on retirement at age 62, initial consumption is always maximized by taking Social Security no later...

July 19, 2019
Aging, Articles, Savings, ,
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June 2019

28Jun

Trends in health and retirement in Latin America: Are older workers healthy enough to extend their working lives?

By Laeticia R.De SouzaaBernardo L.QueirozbVegard F.Skirbekkc To counter the problems of demographic ageing, Latin American countries, like many nations elsewhere, are considering raising the retirement age in order to maintain fiscal balance and sustain economic prosperity. In doing so, however, they must take into account not only the simultaneous decline in older adults’ labour force participation but also poor health among those potentially affected by the change. In this paper, we use country comparable census data for 1970–2010 to...

June 28, 2019
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28Jun

Do Immigrants Delay Retirement and Social Security Claiming?

By Mary J. Lopez, Sita Slavov As the share of older immigrants residing in the U.S. begins to rise, it is important to understand how immigrants’ retirement behavior and security compare to that of natives. This question has implications for the impact of immigration on government finances and for the retirement security of immigrants. We use data from the Health and Retirement Study (HRS) to examine how immigrants’ retirement and Social Security claiming patterns compare to those of natives....

June 28, 2019
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