August 2018

06Aug

Price-Based Investment Strategies: How Research Discoveries Reinvented Technical Analysis

By Adam Zaremba &‎ Jacob "Koby" Shemer This compelling book examines the price-based revolution in investing, showing how research over recent decades has reinvented technical analysis. The authors discuss the major groups of price-based strategies, considering their theoretical motivation, individual and combined implementation, and back-tested results when applied to investment across country stock markets. Containing a comprehensive sample of performance data, taken from 24 major developed markets around the world and ranging over the last 25 years, the authors construct...

August 6, 2018
Books, Investing, Savings,
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06Aug

Working Beyond 65 in Ireland

By Anne Nolan (Options Ltd) & Alan Barrett (Economic and Social Research Institute; IZA Institute of Labor Economics) Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to know if longer working is a choice or a necessity, where necessity arises from a lack of...

August 6, 2018
Aging, Articles, Labor Market, ,
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July 2018

30Jul

The Winning Combination of Surviving Together: Poor and Their Resilience Built Through Relationships

By Arun Keshav (Amity University, Rajasthan) Social capital happens to be one of the most important assets that poor possess. It is this safety net on which they fall upon at time of crisis and also draw security to reduce their vulnerabilities to several risks but what strength lies behind this social capital? Why poor invest so much in their social relations? In this article the author tries to understand what lies behind these and the winning combination of surviving...

July 30, 2018
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16Jul

The Mommy Effect: Do Women Anticipate the Employment Effects of Motherhood?

By Ilyana Kuziemko, Jessica Pan, Jenny Shen, Ebonya Washington After decades of convergence, the gender gap in employment outcomes has recently plateaued in many rich countries, despite the fact that women have increased their investment in human capital over this period. We propose a hypothesis to reconcile these two trends: that when they are making key human capital decisions, women in modern cohorts underestimate the impact of motherhood on their future labor supply. Using an event-study framework, we show substantial...

July 16, 2018
Articles, Labor Market, Pension design, , , ,
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16Jul

Immigration and Redistribution

By Alberto Alesina, Armando Miano, Stefanie Stantcheva We design and conduct large-scale surveys and experiments in six countries to investigate how natives' perceptions of immigrants influence their preferences for redistribution. We find strikingly large biases in natives' perceptions of the number and characteristics of immigrants: in all countries, respondents greatly overestimate the total number of immigrants, think immigrants are culturally and religiously more distant from them, and are economically weaker – less educated, more unemployed, poorer, and more reliant on...

July 16, 2018
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June 2018

30Jun

Questioning Market Aversion in Gender Equality Strategies: Designing Legal Mechanisms for the Promotion of Gender Equality in the Family and the Market

By Hila Shamir (Tel Aviv University - Buchmann Faculty of Law),Tsilly Dagan (Bar Ilan University) & Ayelet Carmeli (Tel Aviv University) Post-industrial economies are at a crossroad. On the one hand countries are dealing with the crisis of unemployment and underemployment, developing strategies to increase labor market participation of all adults, and increase productivity. On the other hand, the same countries are responding to demographic concerns regarding an aging population and decreased birth ratios. These concerns, coupled with a growing...

June 30, 2018
Aging, Articles, Pension design, Regulation, , , , ,
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25Jun

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 25, 2018
Articles, Pension design, System Sustainability, , ,
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16Jun

Population Aging and the Possibility of a Middle-Income Trap in Asia

By Joonkyung Ha (Hanyang University - Ansan Campus) & Sang-Hyop Lee (University of Hawaii - Department of Economics) We present three conditions for a demography-driven middle-income trap and show that many economies in East, South, and Southeast Asia satisfy all of them. The conditions are (1) support ratio—the ratio of workers to consumers—matters for economic growth, (2) economic development accompanies more investment in human capital and lower fertility due to the quantity–quality trade-off, and (3) current low level of fertility...

June 16, 2018
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16Jun

The Effects of Means-Tested, Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms

By Italo Garcia (RAND Corporation) & Andres Otero (Independent) Chile initiated in 1981 a privately managed, individual-account pension system that inspired similar reforms in many Latin American countries, and that has been considered as a possible model for Social Security in the United States. After 30 years in place, the Chilean pension system has been criticized for replicating existing inequalities in labor markets and increasing the risk of old-age poverty; for achieving lower levels of coverage; and for providing low...

June 16, 2018
Articles, Pension design, Regulation, , , , ,
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10Jun

Inheritances and Inequality across and within Generations

By Andrew Hood & Robert Joyce Today’s elderly have much more wealth to bequeath than their predecessors, primarily as the result of rising homeownership rates and rising house prices. At the same time, today’s young adults will find it harder to accumulate wealth of their own than previous generations did, due to the sharp fall in homeownership, the dramatic decline of defined benefit pensions in the private sector and the stagnation in household incomes. Together, these trends mean inherited wealth is...

June 10, 2018
Aging, Books, Labor Market, Savings, ,
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