Do expectations for post-retirement family and government support crowd out pre-retirement savings? Insights from the working-age population in Thailand

2021 ◽  
pp. 1-19
Author(s):  
Nopphol Witvorapong ◽  
Yong Yoon ◽  
Wiraporn Pothisiri
Keyword(s):  
Old Age ◽  
Filial Piety ◽  
Government Support ◽  
Financial Security ◽  
Retirement Savings ◽  
Family Transfers ◽  
Retirement Expectations ◽  
Working Age ◽  
Nationally Representative ◽  
The Government

Abstract Based on nationally representative data (N = 8,901), this study investigates the extent to which expectations for intra-family transfers and government assistance in old age impact the probability of saving for retirement among working-age individuals in Thailand. Results show that expectations for financial non-self-reliance and expectations that family support would constitute the most important source of old-age financial security reduce the probability that working-age individuals would save for retirement. Expectations for government support have no impact on average. Given that filial piety is weakening in Thailand, this study suggests that the government encourage pre-retirement savings more strongly.

scholarly journals RETIREMENT TIMING AND POST-RETIREMENT HEALTH: QUASI-EXPERIMENTAL EVIDENCE FROM DENMARK

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S902-S902
Author(s):  
Jeevitha Y Qvist
Keyword(s):  
Old Age ◽  
Early Retirement ◽  
Causal Effect ◽  
Welfare States ◽  
Welfare Policies ◽  
Adverse Health Outcomes ◽  
Retirement Timing ◽  
Working Age ◽  
Quasi Experimental ◽  
The Government

Abstract A growing concern among policy makers in the European welfare states is that the proportion of the population in the working age has decreased over the last decades. In response to these demographic trends, many European countries have introduced reforms that roll back welfare policies that enables early retirement in order to sustain the current standards of living. However, scholars have voiced the concern that reforms which prevent early retirement could cause a rise in health inequality in old age because some people are not able to extend their working life. There are two contradictory views on post-retirement health. Retirement can either be seen as a kind of identity crisis, leading to less motivation to maintain health or retirement can be seen as a health preserving transition, enabling individuals to relieve stress and be more aware of their health. So far, empirical evidence on the effect of retirement timing on post-retirement health is inconclusive about the causal nature of this relationship. To estimate the causal effect of retirement timing on post-retirement health, this paper uses month of birth variation in incentives to postpone early retirement in the cohort born in 1939 that was created by a reform of the Danish retirement legislation, which the government introduced in 1999. The results suggest that people who retire at the age of 60 have more adverse health outcomes in old age than people who retire later, but this difference does not appear to be caused by differences in retirement timing.

scholarly journals CAREGIVING AND PREPARATION FOR RETIREMENT

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S382-S382
Author(s):  
Shirley L Porterfield ◽  
Eunsun Kwon
Keyword(s):  
Retirement Age ◽  
Retirement Savings ◽  
Men And Women ◽  
Retirement Preparation ◽  
Retirement Expectations ◽  
Retirement Accounts ◽  
Male Caregivers ◽  
Nationally Representative ◽  
Current Concerns ◽  
First Job

Abstract Saving for retirement should begin with the first job, but preparation with respect to determining a specific retirement age and plans for post-retirement life, generally occurs closer to the retirement date. However, among those who provide care for family or close friends who are elderly and/or have disabilities, retirement preparation may take a back seat to more pressing current concerns. While we know quite a lot about patterns of saving for retirement and the factors that influence those patterns, we know little about retirement expectations and patterns of thinking about and planning for the broader retirement experience, particularly among caregivers. This paper uses data from the 2008-2016 rounds of the nationally-representative 1979 National Longitudinal Survey of Youth to examine retirement expectations and five areas of retirement preparation (reading, using a computer app, consulting a financial planner, calculating income, or attending meetings) among employed adults (ages 51-59 in 2016) who are or are not providing care for someone in or out of their household. Longitudinal analysis finds significantly lower retirement preparation among adults caring for someone inside versus outside the household, as well as significantly lower preparation activities among female versus male caregivers. Caregiving influences employment and, in turn, the types of retirement accounts held by men and women. Although caregiving is associated with decreased retirement savings among both men and women who have pension accounts, retirement preparation activities in 2008 and 2012 are associated with higher retirement savings in 2016.

The ‘Let them eat cake’ strategy for ‘industrial branch’ insurance clients: Reflecting on the Demise of a Sector in Financial Services

2004 ◽  
Vol 3 (4) ◽  
pp. 353-363 ◽  
Author(s):  
Catrina Alferoff ◽  
David Knights ◽  
Andrew Leyshon ◽  
Paola Signoretta
Keyword(s):  
Product Design ◽  
Old Age ◽  
Financial Services ◽  
Financial Hardship ◽  
Financial Security ◽  
Retirement Savings ◽  
Life Assurance ◽  
Industrial Branch ◽  
Low Levels ◽  
The Uk

Declining state provision, low levels of financial capability (FSA/DTI, 2002), and, it must be added, regulation on savings and investments have impacted severely on the ability of some sections of the UK population to purchase life assurance and savings products. In addition, according to a report submitted to the Treasury, ‘there is a wide consensus that the UK population is not saving enough for retirement. Savings levels are 20 per cent or more below what they should be. The problem appears to be particularly acute amongst the less affluent, where insufficient levels of saving are likely to have a more serious impact’ (Sandler, 2002: 2). This is due in no small part to current banking and insurance practices that have excluded many of the least affluent customers from essential financial services (Kempson and Whyley, 1998; Kempson et al., 2000; NCC, 1997), that afford them the protection of:[bull ] Financial security for a rainy day;[bull ] Greater comfort during retirement and old age;[bull ] Access to greater independence and opportunity throughout their lives; (HM Treasury, 2001b)Ideally for less affluent consumers, product design should incorporate simplicity and transparency, preferably offer automatic savings of small amounts weekly or fortnightly and be flexible enough for payments to be suspended during times of financial hardship without incurring penalties (Kempson and Whyley, 1998: 50–51).

The sales income analysis of agricultural cooperatives

2017 ◽  
Vol 17 (1) ◽  
pp. 49-52
Author(s):  
N Myagmarzul
Keyword(s):  
Raw Materials ◽  
Research Result ◽  
Government Support ◽  
Raw Material ◽  
Agricultural Cooperatives ◽  
Government Subsidy ◽  
Cooperative Development ◽  
Working Age ◽  
The Government ◽  
Econometric Analyses

This paper aim is to define impact factor of cooperative sales income and recommend ways to increase cooperative income. The hypotheses were: the Government subsidy on raw material is key income factor of cooperative total income and cooperative characteristic influence to the their income. The economic survey conducted to 176 rural cooperatives and research methods are by inductive, deductive, comparative analysis and regression analysis. The 40% of Mongolian cooperatives are agricultural cooperatives and half of them cooperatives with members 201-300. The Government subsidy on raw material procurement is main advantage of agricultural cooperatives and lack of financial source and climate and nature condition are main disadvantage of cooperatives. In the research result, cooperative activities are unsustain, however Mongolian Government approved and implemented programs and projects for cooperative development. The sales income of cooperatives depends on income from animal raw materials, mainly Government subsidy on wool and cashmere procurement by econometric analyses of using Stata program. The cooperative working age (experience) significant to the sales income, also. With diversification cooperative activities in the future and Government support on multi-income generation for cooperatives for cooperative development.

scholarly journals Characteristics of those most vulnerable to employment changes during the COVID-19 pandemic: a nationally representative cross-sectional study in Wales

2020 ◽  
Author(s):  
Benjamin J Gray ◽  
Richard G Kyle ◽  
Alisha R Davies
Keyword(s):  
Employment Status ◽  
Employment Outcomes ◽  
Mental Wellbeing ◽  
Financial Security ◽  
Public Health Response ◽  
Cross Sectional ◽  
Working Age ◽  
Working Age Population ◽  
Nationally Representative ◽  
The Impact

AbstractBackgroundThe public health response to the SARS-CoV-2 (COVID-19) pandemic has had a detrimental impact on employment and there are concerns the impact may be greatest amongst the most vulnerable. We examined the characteristics of those who experienced changes in employment status during the initial phase of the pandemic.MethodsA cross-sectional, nationally representative household survey of the working age population (18-64 years) in Wales in June 2020. A total of 1,382 adults responded (6.9% response rate). Employment outcomes between February and May/June 2020 were (i) no change in employment status, (ii) a change in employment, (iii) unemployment, and (iv) furlough. Chi-squared tests and logistic regression models examined associations between demographics, health status and employment outcomes.ResultsOf the working age population in paid employment in February 2020, 3.2% were unemployed and 32.0% had been placed on furlough by June 2020. Groups more likely to be placed on furlough included younger (18-39 years) and older (50-64 years) workers, people from more deprived areas, in lower skilled jobs, living with pre-existing health conditions and from households with less financial security. Groups in poorer health (not good general health, low mental wellbeing) and from households containing a child or with less financial security were more likely to experience unemployment.ConclusionA number of vulnerable population groups were observed to experience detrimental employment outcomes during the initial stage of the COVID-19 pandemic. Targeted support is needed to mitigate against both the direct impacts on employment, and indirect impacts on financial insecurity and health.

The Systemic Effects of Prudential Regulation Toughening:The Results of a Stress-test for Russian Banks

2012 ◽  
pp. 4-31 ◽  
Author(s):  
M. Mamonov ◽  
A. Pestova ◽  
O. Solntsev
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Stress Test ◽  
Credit Market ◽  
Capital Adequacy ◽  
Government Support ◽  
Government Ownership ◽  
Prudential Regulation ◽  
The Government ◽  
The Stability

The stability of Russian banking sector is threatened by three negative tendencies - overheating of the credit market, significant decrease of banks capital adequacy ratios, and growing problems associated with banks lending to affiliated non-financial corporations. The co-existence of these processes reflects the crisis of the model of private investments in Russian banking sector, which was observed during the last 20 years. This paper analyzes the measures of the Bank of Russia undertaken to maintain the stability of the banking sector using the methodology of credit risk stress-testing. Based on this methodology we conclude that the Bank of Russias actions can prevent the overheating of the credit market, but they can also lead to undesirable effects: further expansion of the government ownership in Russian banking sector and substitution of domestic credit supply by cross-border corporate borrowings. The later weakens the competitive positions of Russian banks. We propose a set of measures to harmonize the prudential regulation of banks. Our suggestions rely on design and further implementation of the programs aimed at developing new markets for financial services provided by Russian banks to their corporate and retail customers. The estimated effects of proposed policy measures are both the increase in profitability and capitalization of Russian banks and the decrease of banks demand for government support.

The role of graining in ensuring food security

2020 ◽  
pp. 75-79
Author(s):  
R. M. Gambarova
Keyword(s):  
Food Security ◽  
Comparative Analysis ◽  
Systems Approach ◽  
Point Of View ◽  
Government Support ◽  
Grain Production ◽  
The Government ◽  
Favorable Conditions ◽  
Grain Farms

Relevance. Grain is the key to strategic products to ensure food security. From this point of view, the creation of large grain farms is a matter for the country's selfsufficiency and it leading to a decrease in financial expense for import. Creation of such farms creates an abundance of productivity from the area and leads to obtaining increased reproductive seeds. The main policy of the government is to minimize dependency from import, create abundance of food and create favorable conditions for export potential.The purpose of the study: the development of grain production in order to ensure food security of the country and strengthen government support for this industry.Methods: comparative analysis, systems approach.Results. As shown in the research, if we pay attention to the activities of private entrepreneurship in the country, we can see result of the implementation of agrarian reforms after which various types of farms have been created in republic.The role of privateentrepreneurshipinthedevelopmentofproduction is great. Тhe article outlines the sowing area, production, productivity, import, export of grain and the level of selfsufficiency in this country from 2015 till 2017.

STATE SUPPORT FOR «GREEN» INVESTMENTS AND MARKET «GREEN» FINANCING: FOREIGN EXPERIENCE

2019 ◽  
pp. 97-108
Author(s):  
L.S. Kabir
Keyword(s):  
Economic Growth ◽  
Government Support ◽  
Policy Support ◽  
Green Economy ◽  
Economic Policies ◽  
State Support ◽  
Green Technologies ◽  
Foreign Countries ◽  
The Government ◽  
Green Investments

The present study reveals the trends and features of the current state of financing the foreign countries’ transition to a new «green» economic growth model. To summarize the contemporary experience of countries’ integration into public administration practice the approaches and standards in the field of «green» investments financing.The subject of the study is the set of measures implemented by countries to develop sources of finance for «green» economy projects.Tasks: 1) to consider the principal directions of the «green» investments state policy support, its purpose, and the tools used; 2) to identify the market’s role in the «green» economy financing; 3) to clarify the main issues constraining private investments in «green» projects. The countries’ approach to «green» economic growth financing is examined in the present paper by means of common methods of scientific knowledge.There reviewed the arguments justifying the government support for «green» investments. There revealed the problems constraining the market «green» financing development and speculations about their origins. The study concludes that the countries’ economic policies are aimed at improving the existing model’s efficiency, not at the transition to the new «green» economy model. Thus, through the state support tools, there being generated strong signals signifying the creation of favorable market conditions for the functioning of a new economy sector – the sector of «green» technologies.

Prevalence and risk factors of anaemia among men: A study based on Empowered Action Group states, India

2021 ◽  
pp. 026010602098234
Author(s):  
Pradeep Kumar ◽  
Himani Sharma ◽  
Kamalesh Kumar Patel
Keyword(s):  
Family Health ◽  
Public Health Problem ◽  
Binary Logistic Regression ◽  
Bivariate Analysis ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Action Group ◽  
Nationally Representative ◽  
The Government ◽  
Eag States

Background: Despite various programmes initiated by the Government of India, the nutritional indicators are not encouraging, as several problems like undernutrition, malnutrition and anaemia – still persist in the country, especially in the Empowered Action Group (EAG) states. Aim: Because of the dearth of studies regarding anaemia among men in India, the present study aimed to determine its prevalence in this population in the EAG states and to analyse its geographical and socio-demographic determinants. Methods: The study utilized nationally representative, cross-sectional survey data from round 4 of the National Family Health Survey conducted in 2015–16. Bivariate analysis along with binary logistic regression were performed to assess the predictors of anaemia among men in the EAG states. Results: Around a quarter of the men in the EAG states suffered from anaemia. A similar high-prevalence pattern was observed across the EAG states. Wherein, Bihar and Jharkhand had the highest prevalence of anaemia while Uttarakhand showed the lowest. Age, place of residence, marital status and caste were positively associated with the likelihood of anaemia among men in the EAG states. Conclusions: Focusing on the EAG states, this study considered the severity of anaemia as a public health problem among men. Strategies to reduce the burden of anaemia among this population are needed. The government should formulate programmes targeting anaemia specifically, and improving the nutritional status among men in general in the EAG states.

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