Old-age Pension Research Articles

The impact of pension reform on employment, retirement, and disability insurance claims

We evaluate the 2011 comprehensive reform of Norwegian early retirement institutions using a parsimonious random utility choice model. Conditional on employment at age 60, we estimate a three-state conditional logit model to explain the realized labor market state at age 63 among the alternatives of employment, retirement, and disability program participation. The reform radically changed work incentives and/or pension access age for some (but not all) workers, such that the influence of economic incentives can be identified based on reform-generated variation only. We find that improved work incentives caused employment rates to rise considerably at the expense of early retirement and exit through disability insurance. Improved liquidity through a lower age to access own pension funds on actuarially neutral terms caused a small increase in employment and a large drop in disability program participation. Properly designed pension reforms thus need to take the interplay between old-age pension and disability insurance programs into account.

MEDICAL-SOCIOLOGICAL ANALYSIS OF HEALTH AND QUALITY OF LIFE OF PERSONS AGE 60+ RESIDING IN THE GRODNO REGION

Aim: to analyze indicators of self-assessment of quality of life, satisfaction with health, their relationship with socio-demographic factors and objective indicators of public health, among people aged 60+ living in the Grodno region. Materials and methods: data from official demographic and health statistics, a representative database of 1270 people aged 60+ of the Grodno region of the Republic of Belarus by gender, residence, age (WHOQOL-BREF tools) were analyzed. Nonparametric statistics methods were used. Results: The Grodno region demonstrates life expectancy at birth values ​​close to the republican average. The minimum values ​​in all regions are detected among men living in the village. In the structure of causes of death rate, diseases of the cardiovascular system lead by far. When self-assessing the quality of life, the options “good” or “neither bad nor good” predominate; satisfaction with the state of health is option “3” of the five-point scale. Men compared to women, rural residents compared to urban residents, unmarried compared to married people rate the quality of life lower. The hypothesis about the positive impact on the quality of life of the respondent having children is confirmed; the hypothesis about the influence of the old-age pension is not confirmed. Health satisfaction reveals resistance to socio-demographic factors. A positive medium-strength correlation is revealed between health satisfaction and self-assessment of quality of life in all socio-demographic groups. With increasing age, there is a decrease in self-esteem of quality of life, and an even more pronounced decrease in satisfaction with health. Conclusion: men aged 60+ living in rural areas are at risk of low self-assessments of quality of life, in connection with low life expectancy; at the same time, health satisfaction does not reveal gender differences.

Sequences of sickness absence, disability pension and unemployment four years before and five years after musculoskeletal diagnosis among Swedish twins.

To investigate sustainable working life via identification of time-related sequences of sickness absence (SA), disability pension (DP) and unemployment four years before and five years after the first musculoskeletal diagnosis in a Swedish twin cohort. Other aims were to account for familial confounding and to examine the associations between sequences and sociodemographic characteristics. Among 28,474 Swedish twins, the patterns of interruptions of working life four years before the first M00-M99 diagnosis (MSD) and five years after MSD diagnosis were investigated with a sequence analysis in a seven-element state space consisting of sustainable working life, unemployment >90 days, moderate SA/DP (30-179 days), almost full year of SA/DP (180-365 days), full year of SA/DP (⩾ 365 days), death, and old-age pension. The six-cluster solution had the best fit to the data. Five clusters had varying patterns of interruptions of sustainable working life (Clusters 2-6, n = 537-1949 with SA/DP, unemployment, but also accounting death and old-age pension) compared with the largest cluster with primarily sustainable working life (n = 23,316). Age, sex and familial factors affected the likelihood of belonging to the clusters with SA/DP. Most Swedish twins with or without MSD diagnosis have a sustainable working life, although MSD was both prevalent and a strong risk factor for belonging to the clusters with SA/DP. Thus, early prevention of MSD and prevention of recurrent or long sickness absences due to any cause would be merited while paying special attention to women also.

Legal Protection of Social Security and Forms of Providing Accountability, Coaching, and Welfare for Indonesian National Athletes

The aim of this research is to analyze the legal protection provided by athletes for those who are not included in the social security program in the event of an injury and old-age pension security. National athletes have basic rights such as the right to education, health and protection from exploitation. They also have the right to receive appropriate rewards for their efforts and achievements in sports. Legal protection is necessary to ensure that these rights are respected and protected. The government has an important role in the legal protection of national athletes, including in terms of funding, coaching, accountability, training, sports facilities and sports promotion. The government also has an obligation to protect athletes from exploitation and discrimination. In order to achieve brilliant sporting achievements, strong legal protection for national athletes is very important. This provides encouragement for athletes to fully commit to their sport without having to worry about any legal issues that may arise. Thus, legal protection for national athletes is an essential aspect in advancing sports and encouraging future generations of athletes to achieve higher achievements.

A More Effective Social Protection System for Older Workers: A Case Study of the Older Adult Employment Project in Thailand

The phenomenon of old-age pensioners reentering the workforce is neither new nor unique and has been well-reported in several published literature. However, there are remaining challenges to this group of job seekers whose needs have yet to be well-documented from employer’s perspectives, especially regarding decent work, legal landscape, and organizational culture. Our study seeks to provide a better understanding of the underlying causes of these and to help policymakers introduce social protection policies to create a more welcoming and supportive environment for older workers. The study used a case study from service companies in Thailand that participated in the Thai government’s campaign on promoting older employment. Data was collected from interviews with top managers of the human resources department, and that information was analyzed by thematic analysis. Key findings highlighted that the supportive mechanisms for matching decent work, a room for integrating legal framework, and a culture that values inclusivity and fair treatment of all workers, regardless of age, can enhance the social protection system for older workers. The establishment of a modern database of older workers’ skills, which ensures easy accessibility to both employers and older workers, the establishment of a task force specific for monitoring laws and regulations concerning older employment, and the development of effective measures against workplace discrimination are recommended as effective interventions for social protection.

Sex-specific socioeconomic risk factors for spontaneous subarachnoid hemorrhage-a case-control study during the 5 years before ictus.

There is a difference in the incidence of spontaneous subarachnoid hemorrhage (SAH) between sexes, with the majority of cases occurring in female patients. Although this phenomenon has been studied from a medical perspective, the reasons for the predominance of female cases are still unclear. Non-medical factors, such as a patient's socioeconomic situation, can differ between female and male patients, with health implications. The aim of the study was to identify socioeconomic profiles for both sexes that may be vulnerable to developing SAH. This information could potentially be used for active preventive health efforts. This study was based on a 7-year consecutive cohort of 890 patients with SAH treated at Uppsala University Hospital, along with a sex- and age-matched 5:1 control group from Statistics Sweden. The collected information included demographic data, income that was analyzed through "earnings" (EAs), which is defined as the sum of income and other economic compensations related to work, and "disposable income" (DI), which is the net amount that an individual can use. Pension and sickness-related absence from work were measured using early pension (EP), old age pension (OAP), sickness absence (SA), and disability pension (DP). Univariate and multivariate analyses were used. Among the women, the socioeconomic risk profile for SAH included lower education, unemployment, being registered as living single, residing in a sparsely populated municipality, and increased age. For the men, the risk profile included residing in a sparsely populated municipality and changes in civil status. Both women and men with SAH had lower EAs and DI compared to the controls. Notably, a significantly higher proportion of the women with SAH received DP compared to the controls. Residing in a sparsely populated area was associated with an increased risk for SAH for both women and men. The women with SAH were more economically vulnerable, whereas the men faced a different type of vulnerability related to changes in civil status. We suggest that healthcare organizations use this information to identify individuals at risk and actively implement preventive measures according to stroke guidelines for both groups.

Can Social Policy Alleviate Loneliness Among Older Adults? A Comparative Analysis of OECD Countries

ABSTRACT Loneliness in old age is a multifaceted issue influenced by personal, social, and environmental factors, necessitating a holistic approach. However, most research has predominantly focused on individual-level risk factors, with limited attention given to institutional factors such as social policy. This study investigated how social policies impact loneliness among older adults. Multi-level analysis was conducted using data from the 2017 wave of International Social Survey Programme, involving 6,337 older adults from 23 OECD countries. The analysis revealed that higher public spending on welfare and old-age pensions significantly reduces the likelihood of loneliness among older adults. These findings confirm the protective role of generous social policies in addressing old-age loneliness. They underscore the need for long-term changes in welfare systems to enhance the public response to the significant social risk posed by old-age loneliness.

Unmet community care needs among older adults in China: an observational study on influencing factors

BackgroundWith the rapidly aging population in China, there is an urgent need to understand and address the community care needs of older adults. This study sought to examine these unmet community care needs of older adults in China and the factors influencing them, with the goal of providing essential groundwork for the development of community care health policies.MethodsThis study used data from the 2018 China Longitudinal Healthy Longevity Survey of 8,870 adults aged 65 years and older. Logistic regression analysis was performed to identify factors related to unmet community care needs.ResultsThe results showed that lower number of children, increased years of schooling, poorer self-perceived economic and health status, residing in an institution rather than living with household members, not having public old-age pensions, and not having activity due to daily living impairments were associated with a higher likelihood of unmet community care needs among older adults.ConclusionsThese findings indicate the necessity for crafting policies that consider the factors affecting unmet community care needs of older adults, including their health vulnerabilities and individual needs. Implementing national initiatives aimed at enhancing the quality of services delivered to older adults is crucial, along with establishing programmes to proactively address their vulnerabilities and individual needs. This study can contribute to the formulation of policy measures aimed at enhancing community care services of older adults in China.

The impact of medical insurance and old-age security on the utilization of medical services by the older population with disabilities

ObjectiveIn this study, the impact of medical insurance and old-age security on the use of medical services by the older population with disabilities is analyzed. A reference for decision makers is provided to improve medical and old-age security policies and enhance the use of medical services by the older population.MethodsData were drawn from 3,737 older people with disabilities aged 65 years or above from the 2018 China Longitudinal Healthy Longevity Survey. A two-part model based on social ecological theory was used for both analysis and group prediction.ResultsIn terms of the use of outpatient medical services, old-age pension significantly increased the probability of outpatient visits for this population group (P < 0.05). Urban employee/resident medical insurance, the new rural cooperative medical insurance, and retirement pension significantly affected medical expenses. In terms of the use of inpatient medical services, the new rural cooperative medical insurance and retirement pension significantly influenced the choice of inpatient medical services; retirement pension increased inpatient medical expenditure (p < 0.01). The expected average probability of hospitalization, unconditional expected cost, and conditional expected cost for the older population with disabilities were 49.5%, RMB 6629.31, and RMB 3281.51, respectively. Both conditional and unconditional expected costs were significantly higher for older people with disabilities with the following attributes: male, married, no less than three chronic conditions, and unassisted daily care; costs were lower for older people with disabilities who are female, not married, had less than three chronic conditions, and had a spouse, child, or other caregiver.ConclusionMedical insurance and old-age security can significantly promote the utilization of medical services by the older population with disabilities. It is therefore recommended to focus on strengthening the support and health management of these people who are unattended to improve the effective use of health services and better meet their needs.

International Regulation of Pensions in the EAEU: Problems and Development Prospects

The EAEU countries, having adopted the Agreement on Pension Security in 2019, took a big step forward to form the pension rights of migrants from the EAEU countries. However, existing difficulties caused by economic, demographic characteristics and institutional differences make us think about further steps to harmonize, unify and coordinate the pension systems of the EAEU countries.Aim. Consider themechanisms and the principles of international regulation of pensions in the EAEU countries and identify limitations and opportunities for its further improvement.Tasks. Explore global experience of cooperation in the pension sector; conduct an analysis of international regulation of pensions in the post-Soviet space and in the EAEU countries; identify difficulties in forming pension rights for migrants from EAEU countries; to find possible directions for the further development of pension legislation in the EAEU countries.Methods. The comparative analysis method was used to study national old-age pension systems; when determining the directions for the development of old-age pensions for migrants in the world, the historical and legal method was used.Results. The world experience of international regulation of pensions is considered.Differences were discovered in the formation of pension rights in the EAEU countries.The mechanisms of harmonization and coordination, as well as the territorial and proportional principles of legal regulation of old-age pensions are analyzed. The difficulties of forming pension rights for migrants from the EAEU countries are shown.Conclusions. The current approach to regulating pensions in the EAEU is not perfect, but it allows countries to remain independent in their national pension policies. Overcoming the existing difficulties in the formation and implementation of pension rights is possible with further harmonization, unification and coordination of the EAEU pension systems, which are complicated by the economic and demographic operating conditions and the lack of a unified strategy for the development of pensions in the EAEU. A fundamental issue for all countries is to determine the role of the state in the pension process.

The transition of eldercare responsibility and traditional filial piety concepts and its urban-rural differences in China: an age-period-cohort analysis from 2006 to 2017

BackgroundWith rapid urbanization, massive migration, and non-family–based eldercare involvement, Chinese concepts of eldercare responsibility and filial piety are shifting. We performed age-period-cohort (APC) analyses to assess the transition of old-age pension coverage, eldercare responsibility, and filial piety concepts and its urban-rural differences among Chinese adults using data from the China General Social Survey (2006–2017).MethodsOld-age pension coverage (yes/no) and primary eldercare responsibility (government/offspring/self/sharing) were investigated in 2010, 2012, 2013, 2015, and 2017. Filial piety was evaluated using customized questionnaires in 2006 and 2017. The APC effects were estimated using mixed effects and generalized additive models.ResultsAmong 66,182 eligible participants (mean age: 48.8 years, females: 51.7%) in the six waves, APC analyses indicated that old-age pension coverage increased with aging and over time. Across cohort groups, it grew as the cohort was younger in urban residents but decreased in rural residents. The concept of offspring-based (> 50%) and government/self/offspring-shared eldercare (> 30%) predominated. APC analyses revealed that the offspring-based concept declined with aging (OR = 0.81, 95% CI: 0.79–0.84), whereas the government-based (OR = 1.37, 95% CI: 1.33–1.41) and self-based (OR = 1.55, 95% CI: 1.47–1.63) concepts increased with aging. People born around the 1940s have a comparatively higher possibility to perceive that the primary eldercare responsibility should be undertaken by the government and elder parents. In contrast, people born in the younger cohort were more likely to perceive that adult children are responsible for their parents’ primary eldercare. Filial piety score slightly increased with aging (β = 0.18, SD: 0.05) but decreased as the birth cohort was younger. In addition, rural participants were more likely to perceive offspring-based eldercare and maintain filial piety, and the related urban-rural difference was intensified by aging.ConclusionsThe traditional concept that eldercare solely relies on offspring has changed to relying on multiple entities, including the government and self-reliance. Diluted filial piety in people born in the young cohort requires reinforcement. Moreover, future healthy aging policies need to focus more on urban-rural disparities to promote equity in social well-being.

A Informal Sector Self-Employed Workers’ Old Age Pension Scheme in Retail Sector in Zimbabwe

The high incidence of informality in Zimbabwe implies that a large proportion of the adult population does not have access to contributory pension schemes during their working lives, rendering them ineligible for old-age pensions. The primary goal of this research is to develop a pragmatic informal retail sector noncontributory old-age pension scheme in Zimbabwe. The study drew empirical evidence from a comprehensive countrywide study using mixed-methods research. The study concluded that several factors, including the respondents' demographic characteristics, are important considerations in developing an effective non-contributory old-age informal sector pension scheme. Based on the study's findings, the study proposes alternative non-contributory old-age informal sector pension schemes, such as financing the non-contributory old-age social pension, determining the monthly amount of a non-contributory old-age pension, and gradually covering a non-contributory old-age pension gap. The study recommends the introduction of a non-contributory informal sector retirement pension fully funded by the government. Keywords: retail informal sector old-age pension scheme; social security; informal sector; Zimbabwe.

Victims of Cyber Theft as an Object of Modern Russian Cybervictimology: A Criminological Analysis of Statistical Indicators of Criminal Victimhood 2021-2022

The purpose of the work is to establish the socio-demographic structure of the realized criminal victimhood of cybercrime victims in modern Russian society. The methodological basis of the conducted research is dialectical materialism and general-scientific and private-scientific methods of cognition of criminal phenomena and processes based on it .Results of the study. The state, structure and dynamics of changes in the realized mass criminal victimization of victims of cyber theft in Russia are described. The tendency of decrease of mass criminal victimization from cyber theft and change of its structure is noted. It has been proved that the highest criminal victimization among cyber theft victims is among those with increased labor activity: young people and mature age persons; the lowest is among the elderly and minors. Among socially vulnerable groups, two categories of cybercrime victims were found to be the most cybervictimogenic: persons without a permanent source of income and old-age pensioners.

What Would Happen to Poverty in Africa if Most Aid Were Delivered as Social Cash Transfers? A Case Study of Uganda

This article explores the potentially game-changing idea of repurposing a major part of overseas development assistance (ODA) to fund the up-scaling of social cash transfers (SCTs) in Africa. The analysis contributes to the debate about how best to use global development aid by considering the idea of simply bypassing the aid industry and instead giving most funds directly to the poor. With Uganda as a case study, we use the UGAMOD microsimulation model to analyse the socio-economic impact of using a major part of the current aid envelope, which for 2017–2020 was on average 2.37 billion USD, to provide two types of SCTs, namely old-age pensions and child grants. The scenarios analysed include both universal and means-tested SCTs at different cost levels, ranging between 4 and 115 per cent of current annual ODA in Uganda. We demonstrate that allocating a major part of ODA to SCTs would, seen in isolation, lead to very considerable reductions in poverty. In one tested scenario, where most ODA is allocated for universal child support, it is predicted that about two-thirds of current poverty would be eliminated. Importantly, however, large-scale SCTs would also come with significant socio-economic allocation costs, as aid is shifted away from its current uses, much of which goes to the social sectors. We discuss what this may imply for government revenue generation and the timing of any potential scaling of SCTs. Lastly, we note that scaling of SCTs would have political economy implications, which would need to be better understood.

Early Exit Decisions in Finland: Investigating the Limbo between Unemployment and Retirement

Despite efforts to extend careers, workers continue to withdraw from working life before reaching the old-age pension age. The complexities behind early exit decisions have been extensively studied to understand the individual factors influencing the decision-making processes. However, fewer studies have attempted to understand how underlying cultural notions of age shape these decisions. Using qualitative longitudinal interview data from Finland, this article examined how individuals in the Finnish unemployment pathway to retirement position themselves between unemployment and retirement by drawing on age-specific discourses. Findings show that early exit was framed as the least problematic career option, although colored with ambiguity and anxiety. Individuals did not view themselves as retirees, and some expressed interest in continuing work. Nevertheless, age norms together with experienced, internalized, and expected ageism pushed individuals toward exit, highlighting the need to better understand and support individuals experiencing late-life unemployment.

Social Justice and the Old-Age Pension System in the Slovak Republic

The aim of the contribution is to examine how eligible voters in the 2020 parliamentary election perceive social justice in relation to the old-age pension system in the Slovak Republic. The sub-objective is to analyse possible significant differences in the perception of social justice among eligible voters in the 2020 parliamentary election in relation to the old-age pension system in terms of their political orientation. 701 respondents (349 women and 352 men) responded to questions asking about their political orientation as eligible voters in the parliamentary election in Slovakia in 2020 and the degree of perceived social justice in relation to the old-age pension system of the Slovak Republic. The results showed the fair distribution of deposits and returns is important for the respondents’ perception of social justice in relation to the old-age pension system of the Slovak Republic. The analyses showed that respondents with different political orientations had different opinions on the extent to which the calculation of the old-age pension should depend on the amount of income.

Health status, life expectancy and early claiming of pension

Prior to 2011, individual life expectancy played no role in the Norwegian old-age pension system. However, after the 2011 reform, life expectancy became a central factor for early pension take-up. Asymmetric information is crucial in most insurance markets, including the new pension system, where employees can flexible claim a public pension from the age of 62. Individuals who expect to live longer than the average for their birth cohort can maximize their pension wealth by deferring pension claiming, while those with a shorter life expectancy should draw their pension as early as possible. This raises concerns that adverse selection may pose a risk to the sustainability of the new pension system. To investigate this issue, we use chronic disease as a proxy for life expectancy and examine its relationship with employment and pension decisions. Our findings show that individuals with a chronic health condition are more likely to draw a pension and continue working when they reach 62 years of age compared to those without a chronic health condition. This suggests potential adverse selection issues in the pension system, although our results suggest small effects after adjusting for unobservables.

Survivor’s pension A NDC model applied to survivor’s pension of the Brazilian Armed Forces

This paper aims to investigate the impact on the actuarial result of the survivor’s pension system in the Brazilian Armed Forces, as well as on the benefit itself, resulting from the modification of its costing plan with the use of the NDC system. To achieve this, a simulation was conducted using the R software, based on a model of notional accounts, and utilizing data from 3,942 military personnel who joined the Armed Forces in 2020. From both the perspective of public spending and the amount received by the beneficiary, the results indicate a significant reduction, mitigating the deficit in the Social Protection System of the Armed Forces at the expense of the degradation of the survivor’s pensions to be granted. In addition to the uncertainty about the replacement rate, depending on the variation in the parameters adopted for calculating the benefit, the pure NDC system would create differences that currently do not exist, such as the existence of distinct and greater benefits for men, and pensions of different values left by military personnel with identical careers. The originality of the article encompasses the theme “notional accounts” applied to the Brazilian Armed Forces, the perspective to be developed, with application to the survivor’s pension benefit, since, as a rule, the focus is on the old-age pension, and empirical research on a social protection system little explored in the literature. Keywords: NDC System; Survivor’s Pension; Armed Forces; Social Protection; Military Survivor’s Pension.

Relevant dimensions to give meaning to pension decisions

Abstract Pension participants face complex decisions. Information about the decision alternatives often contains the exact monetary amounts associated with the alternatives. Grounded in Fuzzy-Trace Theory (FTT), we argue that informed decision making requires participants to (accurately) understand meaningful differences between decision alternatives, rather than to rely on purely numerical differences in amounts. The objective of this study was to identify, for three decisions Dutch participants can make regarding their old-age pension, what dimensions participants take into account when giving meaning to the decision alternatives. We conducted 39 semi-structured in-depth interviews with Dutch pension participants in which we discussed the considerations of participants to choose for the decision alternatives. These interviews were analyzed using thematic analysis. Our analysis shows that a number of dimensions are taken into account, partially overlapping for the three decisions: life expectancy, (in)sufficient income, financial maximization, work–life balance, and job satisfaction. According to FTT, participants can be supported in extracting meaningful representations by providing cues about the dimensions that might be affected by the various decision alternatives. The dimensions identified in this paper can serve as a useful starting point for such support.

Who receives most? Gendered consequences of divorce on public pension income in West Germany and Sweden

Abstract Sweden and West Germany have had persistently high divorce rates in recent decades, but these two welfare states were differently equipped to mitigate the economic consequences of divorce for individual security in old age: Sweden followed a gender-equal policy approach to enable women and men to achieve economic autonomy, while West Germany, following the male-breadwinner model, introduced the system of ‘divorce-splitting’ to account for differences in women's and men's income. Against this background, this study uses large-scale register data from the German Public Pension Fund and the Swedish population registers to examine how divorce is related to the monthly public old-age pension income of women and men. The main comparison groups are divorced and (re)married individuals who entered retirement between 2013 and 2018. We descriptively show annual income histories from ages 20 to 65, and calculate monthly public old-age pension income with respect to lifetime income and pension regulations, such as the supplements/deductions for ‘divorce-splitting’. Multiple ordinary least square regression models further examine how family status relates to monthly public old-age pension income by gender. The results reveal that women and men in Sweden experience similar working histories, although women's incomes are lower. This is also reflected in women still having lower pension incomes than men. However, divorced and married women show comparable pension incomes, while divorced men receive approximately 26 per cent less pension income than married men. In West Germany, divorced women have significantly higher pension incomes than married women. The system of ‘divorce-splitting’ increases women's and decreases men's pension incomes, which seems to equalise their pension incomes. However, both stay below a married man's pension income. The findings indicate economic inequality in public old-age pension income by family status in Sweden and West Germany.