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
Articles, Labor Market, , , , ,
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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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May 2018

07May

Poverty in Retirement: The Long-Term Impact of Rising Economic Inequality

By David W. Rasmussen (Pepper Institute on Aging and Public Policy) Income inequality is exacerbated by labor market trends that increase the demand for high skill occupations and those in low skill service occupations. This hollowing out of the middle of the income distribution means that an increasing portion of households will be less prepared for retirement as they approach age 65: they will have saved less, have diminished access to define benefit pension plans, and face smaller social security...

May 7, 2018
Aging, Articles, Labor Market,
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March 2018

26Mar

When Mommies Become Nannies: The Effects of Parental Retirement Across Generations

By Yi Chen (Jinan University - Institute for Economic and Social Research) & Xiaoyun Zhang (University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR)) This paper analyzes the effect of parental retirement on the next generation through intergenerational time transfer. We investigate a series of consequences, including women's time allocation, fertility decisions, labor force participation, and subjective well-being. The study uses data from the China Family Panel Studies (CFPS) and employs regression discontinuity...

March 26, 2018
Articles, Labor Market,
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February 2018

12Feb

The Effect of Income on Subjective Well-Being in Later Life: A Case Study of a Government Pension in South Korea

By Erin Hye-Won Kim (National University of Singapore (NUS) - Lee Kuan Yew School of Public Policy) Objectives. Despite keen interest among scholars and policy makers, little is known about whether income affects subjective well-being (SWB) in later life, a notoriously difficult question to answer, given the empirical challenge of isolating the effect of income from correlated influences and the possibility of reverse causality. This paper examines the effects of the 2008 introduction of the Basic Old-Age Pension, a noncontributory...

February 12, 2018
Articles, Pension design, Regulation, Slider-Left, ,
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05Feb

Parents with an Unemployed Adult Child: Labor Supply, Consumption, and Savings Effects

By Kathryn Anne Edwards (RAND Corporation) & Jeffrey B. Wenger (RAND Corporation; American University - School of Public Affair) The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children financially through an unemployment spell. In this paper, we also provide evidence of financial support from parents and investigate if this...

February 5, 2018
Aging, Articles, Labor Market, ,
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January 2018

15Jan

The Standard of Living: Incomes, Wages and Lending in Regions

By Alexandra Burdyak (Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute for Social Analysis and Prediction) & Elena E. Grishina (Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting) In January–October 2017, households’ real disposable cash income fell by 1.3% as compared to the relevant period of 2016. It is noteworthy that real accrued wages rose by 3.0%, while the real size of assigned pensions, by 3.9%. During...

January 15, 2018
Articles, Labor Market, Savings, ,
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08Jan

Are Cryptocurrencies Real Financial Bubbles? Evidence from Quantitative Analyses

By Marco Bianchetti (Intesa Sanpaolo - Financial and Market Risk Management; University of Bologna), Camilla Ricci (Intesa Sanpaolo-Financial and Market Risk Management) & Marco Scaringi (Intesa Sanpaolo - Financial and Market Risk Management) The growth of peer-to-peer exchanges and the blockchain technology has led to a proliferation of cryptocurrencies and to a massive increase in the number of investors who actually negotiate digital money. Cryptocurrencies trade at prices which is mainly driven by investor sentiment, becoming a potential source of...

January 8, 2018
Articles, Investing, , ,
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December 2017

23Dec

Investigating the Level of Financial Literacy of University Students

By Israel J. dos S. Felipe Sr. (Universidade Federal de Ouro Preto (UFOP)), Harrison Bachion Ceribeli Sr.( Universidade Federal de Ouro Preto (UFOP)) & Lana, T. Q. (Energisa) Considering that the quality of financial decisions taken by individuals depends on their financial knowledge, abilities and attitudes, it is possible to state that the well-being of a population depends on how financially literate it is. In this context, the aim of this study was to measure the financial literacy level of...

December 23, 2017
Aging, Articles, Labor Market, , ,
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