August 2018

18Aug

The Relationship Between Financial Planner Use and Holding a Retirement Saving Goal: A Propensity Score Matching Analysis

By Kyoung Tae Kim (University of Alabama), Tae-Young Pak (University of Alabama), Su Hyun Shin (University of Alabama) & Sherman D. Hanna (Ohio State University (OSU)) It has been well established in the literature that financial advice leads to informed decision making and improved financial outcomes. However, there is limited evidence regarding the link between financial planner use and attitudes towards retirement saving. As financial planners provide comprehensive advice for the long-term benefits of clients, their clients may become more...

August 18, 2018
Aging, Articles, Labor Market, Pension design, Savings, ,
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18Aug

Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation

By Professor Carol Alexander Identify and stop potential issues before they become finable offences Corruption and Fraud in Financial Markets offers financial industry professionals with a comprehensive study on malpractice, misconduct and manipulation. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, price manipulation, bribery, false disclosure, volume manipulation, spoofing, options...

August 18, 2018
Books, Investing, Regulation, Supervision,
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18Aug

Financial Fraud among Older Americans: Evidence and Implications

By Marguerite DeLiema, Martha Deevy, Annamaria Lusardi, Olivia S. Mitchell The consequences of poor financial capability at older ages are serious and include making mistakes with credit, spending retirement assets too quickly, and being defrauded by financial predators. Because older persons are at or past the peak of their wealth accumulation, they are often the targets of fraud. Our project analyzes a module we developed and fielded in the 2016 Health and Retirement Study (HRS). Using this dataset, we evaluate...

August 18, 2018
Aging, Articles, Labor Market, Savings, Slider-Left, ,
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11Aug

Social Security Programs and Retirement around the World: Working Longer

By Courtney Coile This is the introduction and summary to the eighth phase of an ongoing project on Social Security Programs and Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid 1990s following decades of decline in the labor force participation rate of older men. The first several phases of the project document that social security program provisions can create powerful incentives for retirement that are strongly correlated with...

August 11, 2018
Aging, Books, Labor Market, Pension design, , , ,
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11Aug

The Power of Working Longer

By Gila Bronshtein This paper compares the relative strengths of working longer vs. saving more in terms of increasing a household’s affordable, sustainable standard of living in retirement. Both stylized households and actual households from the Health and Retirement Study are examined. We assume that workers commence Social Security benefits when they retire. The basic result is that delaying retirement by 3-6 months has the same impact on the retirement standard of living as saving an additional one-percentage point of...

August 11, 2018
Aging, Articles, Labor Market, Savings, Slider-Left, ,
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08Aug

Annuity Puzzle: how products are designed matters

By Eduardo Rodríguez Montemayor PPI’s Editorial Board editorial@pensionpolicy.net Getting an annuity with our savings pot at the time of retirement is the only contract that guarantees periodic pension payments for life. Yet, few people do it when offered to option to do so. What explains this puzzle? An annuity is a financial contract that pays out a periodic amount for as long as the annuitant is alive, in exchange for an initial premium. Defined-contribution (DC) pension schemes usually make it voluntary to choose whether to buy an...

August 8, 2018
Articles, Investing, Labor Market, OP Ed, Pension design, PPI’s original Op-Eds, Slider-Left, , , ,
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06Aug

Nigeria. Why some retirees earn lower pensions

Pensions earned by a retiree under the Contributory Pension Scheme can be affected by the number of years the worker must have made contributions into the Retirement Savings Accounts. The Managing Director, IEI-Anchor Pensions, Mr Glory Etaduovie, said this while making a presentation on the pension industry in Lagos. He said, “There appears to be a dislike by some civil servants for the Contributory Pension Scheme because it is thought that it pays lower than the defined benefits scheme. This leads...

August 6, 2018
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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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