May 2021
12May

US. In Reversal, Retirements Increased During the Pandemic

After decades in which it decreased, the retirement rate rose during the pandemic, according to the latest government data. This makes retirement one exception to the many ways that the pandemic accelerated pre-existing trends, such as toward suburbanization and online shopping. In the year since the pandemic started — the 12 months ending in March 2021 — 17.0 percent of Americans aged 55 to 64 were retired, up from 16.8 percent in the two previous years. But this is still...

May 12, 2021
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07May

A Third Of Seniors Seek To Work Well Past Retirement Age, Or Won’t Retire At All, Poll Finds

More Americans plan to work past the age of 70 – or never retire at all – according to a survey released Thursday by reverse mortgage lender American Advisors Group, suggesting the pandemic prompted many aging Americans to rethink their retirement strategies in order to maintain their living standards. Almost half (46%) of the more than 1,500 Americans aged 60 to 75 surveyed by AAG said they plan to work part-time after they retire from full-time work. Nearly one-fifth (18%) of...

May 7, 2021
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07May

Leveraging longevity and tackling intergenerational inequality in Japan

Japan has the world’s most aged population. As the number of elderly people increases, the benefits the government funds, such as pensions, medical care and nursing care, have been swelling. Since these benefits are mainly financed by taxes and social insurance premiums paid by the working-age population, the burden will be heavier on future generations as Japan continues to age. Leveraging longevity and tackling intergenerational inequality in Japan 6 May 2021 Author: Sumio Saruyama, JCER Japan has the world’s most aged population. As...

May 7, 2021
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06May

Time Horizon, Saving Motive and Stock Market Participation

By Yosef Bonaparte This paper shows that household’s saving motives influence key portfolio choice decision: stock market participation. We utilize a unique data set from the Survey of Consumer Finance (2019 and panel 2007-209), which report about 24 reasons for saving and group these intro 6 saving motive categories: durable, retirement, bequest, emergency, smooth and luxury. Our channel to identify how saving motives influence portfolio choice encompasses the time horizon, from the household’s view, about the planning time horizon to...

May 6, 2021
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06May

Almost half of Swiss workers choose early retirement

On Tuesday, the Federal Statistical Office (FSO) reported External linkthat in 2019 between 40-50% of people started receiving their pension from their so-called second pillar before the legal retirement age - 65 for men and 64 for women. Men tend to make this choice more than women – 46% compared to 40%, respectively. The Swiss pension system is complex, and is based on three so-called pillars: old-age and survivors’ insurance (known as the AVS), occupational pension planning (often referred to as...

May 6, 2021
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April 2021
16Apr

Four Ways Covid-19 Has Changed Retirement

The Covid-19 pandemic is triggering a retirement rethink for many Americans. A survey by the National Institute on Retirement Security (NIRS) found that about half of Americans are now more concerned about their retirement security in light of the Covid-19 pandemic and are considering the possibility of working longer. At the same time, the pandemic has triggered a desire to retire earlier among other survey respondents. After all, Covid-19 has reminded everyone that life can be shorter than anticipated. The fallout extends...

April 16, 2021
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06Apr

Japan approves law raising retirement age to 70

By Charles Chau The move is part of an effort to address the country’s falling birthrate and an ageing population, and the consequent labour shortage and rising cost of pensions. Read also New GPIF Board Head Says Fund Isn’t Distorting Japan Stocks The bills give companies five options for retaining older workers: Raising the retirement age. Abolishing the retirement age. Allowing employees to work beyond the age limit. Outsourcing work to retirees as freelancers. Supporting employees who move on to work for non-profits and other entities that...

April 6, 2021
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March 2021
18Mar

China to Raise Retirement Age to Offset Funding Shortfall  

China is the world’s most populated country but decades of a strictly enforced one-child policy, shortage of social security funds and a comparatively young retirement age is forcing Beijing to act in the face of a shrinking work force. Read also China. Power or Profits: Beijing’s Pension Dilemma Analysts estimate the country’s labor force will lose 35 million workers over the next five years and that during that same period, the number of citizens eligible for retirement will surge to more...

March 18, 2021
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11Mar

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender AttitudesBy

By Anna Veremchuk The aim of this paper is to study the gender pension gap in Europe based on the newest EU-SILC data from the 2018 wave. The contribution of the paper is twofold. First, it provides evidence on factors shaping the gender pension gap in a large number of EU countries. Second, it analyses the relationship between the pension gap and: (1) the coverage of occupational (second pillar) pensions and (2) gender attitudes. The main factor contributing to gender inequality in pension...

March 11, 2021
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10Mar

Many over-55s could be heading for retirement income shortfall, says survey

Many over-55s who are approaching retirement risk exhausting their pension savings early, a survey suggests. A quarter (25%) of those aged 55 to 64 who are still working said they were only budgeting for their retirement income to last 10 years or less, Standard Life found. One in eight (12%) are planning for their retirement income to support them for just one to five years. Three in 10 (29%) over-55s expect to need the same amount of cash each year throughout their...

March 10, 2021
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