March 2025
07Mar

Gender pension gaps in a private retirement accounts system: A dynamic model of household labor supply and savings

By Clement Joubert & Petra E. Todd  This paper develops and estimates a dynamic model of individuals’ and couples’ labor supply, savings, and retirement decisions to analyze how the design of Chile’s privatized pension system and a reform undertaken in 2008 affect gender pension gaps and old-age poverty. Chile has one of the longest-running private retirements accounts systems in the world, which has served as a model for many countries. The paper estimates the dynamic model using pre-reform data...

March 7, 2025
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07Mar

On International Women’s Day, let’s focus on the gender pension gap

By Ivana Zanardo   Women in the workforce have made significant strides in recent decades: the gender wage gap is shrinking and more women hold a growing share of senior leadership positions at Canadian companies. But as we celebrate International Women’s Day, there’s another gap that should get more attention – the gender pension gap. Despite advancements made in the workplace, according to Stats Canada, women still face an annual income gap of 29 per cent. And what’s more worrisome is that we...

March 7, 2025
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05Mar

Pooled pension innovations offer new structures for retirement income

This article is part of a new Globe Advisor series, Pensions Unpacked, exploring how workplace pensions fit into retirement strategies, and the technical details and decisions that come with the plans. The steady decline of defined-benefit (DB) pension plans has led to the creation of new pension models aimed at helping employees save money for retirement and employers seeking to attract and retain staff. The newer plans fall into the broad category of pooled pensions. Contributors combine their savings to benefit...

March 5, 2025
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February 2025
21Feb

2025 Employee Sentiment Study

By AON Successful organizations recognize the critical importance of their people and what is valuable to them. Investing in their potential, aspirations and resilience, and providing them with choice and flexibility that caters to their diverse needs is not just a necessity — it is the foundation for delivering long-term sustainable growth. This study is based on findings from Aon’s Employee Sentiment survey and insights from Aon’s team of human capital specialists. It equips senior business, human resources, and people leaders...

February 21, 2025
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14Feb

Pensions vs earnings across Europe: The highest and lowest comparisons

Pensions in the EU amount to some three-fifths of late-career work income. In many European countries, this rate falls below 50%, making it increasingly challenging for pensioners to maintain a decent standard of living. In many European countries, pension income is significantly lower than pre-retirement earnings from work. This makes it difficult for many older people to maintain their standard of living after retirement. Nearly one in six pensioners are at the risk-of-poverty in the EU, with the rate increasing...

February 14, 2025
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13Feb

India. Atal Pen­sion Yojana enrol­ments grow 29% annu­ally since 2019

The Centre’s ambi­tious Atal Pen­sion Yojana (APY), launched in 2015 to provide uni­ver­sal social secur­ity to India’s unor­gan­ised work­force, has wit­nessed a remark­able surge in enrol­ments, with five States alone account­ing for nearly half of the total sub­scribers. FOCUS. Accord­ing to the latest data presen­ted in the Lok Sabha, Uttar Pra­desh leads with 16.11 per cent of total enrol­ments, fol­lowed by Bihar (9.59 per cent), Maha­rashtra (7.96 per cent), West Bengal (7.68 per cent), and Tamil Nadu (6.69 per cent). Com­bined,...

February 13, 2025
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January 2025
17Jan

Designing Benefits for Platform Workers

By Jonathan Gruber Designing benefits for the growing platform workforce in the U.S. poses significant challenges. While platform workers need protection against unforeseen shocks, work that is often part time and spread across multiple platforms makes the traditional benefits model untenable. This paper reports the results from a survey of drivers and couriers working with Uber to help understand their benefits preferences. We find that there is a wide diversity across these workers in platform earnings, the share of platform...

January 17, 2025
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13Jan

PensionBee Launches New Climate Plan to Help Customers Invest in Line With the Paris Agreement Goals

PensionBee, a leader in the consumer retirement market, has launched its new Climate Plan that sets a clear standard for climate-focused pensions. This plan not only excludes fossil fuel producers but also commits to continually reducing the total intensity of greenhouse gas (GHG) emissions produced by companies in the plan by 10% annually. So, even if the global economy uses more carbon over time, the Climate Plan will move in the opposite direction, always using less. Building on the success of...

January 13, 2025
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10Jan

Collective Bargaining, Unions, and the Wage Structure: An International Perspective

By Simon Jäger, Suresh Naidu & Benjamin Schoefer In this paper, we assess the recent economics literature on collective bargaining. Despite a declining trend in the OECD in coverage and especially union membership, a large share of formal workers around the world are still covered by collective bargaining agreements. We describe the substantial institutional variation across a variety of countries, highlighting research done with modern research designs and recently available administrative datasets. We then estimate a canonical empirical model of individual-level coverage effects...

January 10, 2025
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09Jan

Why millions of young Chinese are refusing to make pension payments

China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Qianwei Zhang about why workers are boycotting the system and what’s at stake for the struggling economy and the Communist Party. Here is a lightly edited transcript of the conversation: Gao Pengcheng...

January 9, 2025
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