January 2019

27Jan

Work for a brighter future

From Global Commission On The Future Of Work New forces are transforming the world of work. The transitions involved call for decisive action. Countless opportunities lie ahead to improve the quality of working lives, expand choice, close the gender gap, reverse the damages wreaked by global inequality, and much more. Yet none of this will happen by itself. Without decisive action we will be heading into a world that widens existing inequalities and uncertainties. Technological advances – artificial intelligence, automation and...

January 27, 2019
Books, Labor Market, System Sustainability, ,
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27Jan

Putting the Pension Back in 401(k) Retirement Plans: Optimal versus Default Longevity Income Annuities

By Vanya Horneff (Goethe University Frankfurt - Research Center SAFE), Raimond Maurer (Goethe University Frankfurt - Finance Department), Olivia S. Mitchell (University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)) A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a default payout solution, yet little research has investigated whether more people should convert some of the $15 trillion they hold in employer-based defined contribution plans into lifelong income streams. We investigate this...

January 27, 2019
Articles, Investing, Pension design, , ,
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19Jan

The Effect of Self-Employment on Income Inequality

By Stefan Schneck (Institut für Mittelstandsforschung (IfM) Bonn) It is well known that the self-employed are over-represented at the bottom as well as the top of the income distribution. This paper shifts the focus from the income situation of the self-employed to the distributive effects of a change in self-employment rates. With representative German data and unconditional quantile regression analysis we show that an increase in the proportion of self-employed individuals in the labor force increases income polarization by tearing...

January 19, 2019
Articles, Labor Market, Pension design, ,
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19Jan

Migration, Remittances and Brexit: European Labor Market Integration and Its Effects on Inequality and Convergence

By Pawel Langer (New York University) & Laszlo Tetenyi (New York University) The increase in migration from Eastern to Western Europe after their accession to the European Union (EU) in 2004 resulted in a large increase in remittances to New Member States (NMS) and were comparable in size to FDI or EU funds. This paper adds to the literature by analyzing the impact of remittances and migration jointly, rather than separately, on the integration of EU economies and their implications...

January 19, 2019
Articles, Labor Market, Savings, , , ,
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14Jan

Investment Strategies for Retirement

By Franck NicolasThe issue of pension financing is evolving everywhere, becoming more of a corporate or individual matter rather than a state one. Demographic changes are making sharing mechanisms hard to control, and social deficits often lead governments to pull back from their obligations. This raises many questions for the individual: Read Complete Book Here

January 14, 2019
Books, Investing, ,
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14Jan

The Vulnerability of Older Australians in Bankruptcy: Insights from an Empirical Study

By Lev Bromberg (The University of Melbourne), Ian Ramsay (Melbourne Law School - University of Melbourne), Paul Ali (University of Melbourne - Law School; Centre for International Finance and Regulation)This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study — based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator — provides a valuable insight into the severe financial challenges faced by many...

January 14, 2019
Aging, Articles, Labor Market, ,
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December 2018

16Dec

Bolder

By Carl Honoré Carl Honoré captured the zeitgeist with his international sensation, In Praise of Slow. In Bolder, he introduces us to another rising movement: a revolution in our approach to ageing. Ageing is inevitable. In this time of longer lifespans, however, we have the potential to age better than ever before. Having travelled the globe to meet the pioneers who are redefining ageing, Carl Honoré explores the cultural, medical and technological trends that will help us make the most of...

December 16, 2018
Aging, Books, , ,
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16Dec

Informing Retirement Savings Decisions: A Field Experiment on Supplemental Plans

By Robert L. Clark (North Carolina State University - Poole College of Management), Robert G. Hammond (North Carolina State University), Melinda Sandler Morrill (North Carolina State University - Department of Economics), Christelle Khalaf (North Carolina State University) Although supplemental saving plans can be an important part of an individual's financial security in retirement, contribution rates remain low, particularly among those with lower salaries and less education. We report findings from an intervention that provided information on key aspects of the...

December 16, 2018
Articles, News, Pension design, Savings, Slider, Slider-Left, , , ,
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16Dec

Annuity Pricing In Public Pension Plans: Importance Of Interest Rates

By Nino Abashidze, Robert L. Clark, Beth Ritter, David Vanderweide There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees, teachers, and local government employees. An important component of the analysis is the construction of a data set presenting the annuity options offered by each of these plans and how the...

December 16, 2018
Articles, Investing, Pension design, Savings, ,
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10Dec

The Vulnerability of Older Australians in Bankruptcy: Insights from an Empirical Study

By Lev Bromberg (The University of Melbourne), Ian Ramsay (Melbourne Law School - University of Melbourne), Paul Ali (University of Melbourne - Law School; Centre for International Finance and Regulation (CIFR)) This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study — based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator — provides a valuable insight into the severe financial challenges faced by...

December 10, 2018
Aging, Articles, Pension design, , ,
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