conferences and events
Minimal Enforcement and High Personal Responsibility – The Picture of the Pension System in 2022
In-depth analyses conducted at the Center for Pensions, Insurance, and Economic Psychology highlight limitations in the success of pension reforms and illuminate the upcoming challenges for policymakers. Some employers are not complying with the mandatory pension law, adversely affecting an individual’s current insurance rights and future pension insurance. Analysis of administrative data from tax authorities on 3.4 million jobs reveals that a fifth of individuals lack pension insurance, predominantly in the two lowest deciles. Furthermore, many individuals struggle to comprehend pension details, which is problematic in a system that places significant responsibility on them. A study for the Ministry of Social Equality and the Joint discovered that retirees face a plethora of choices and decisions for which they are ill-equipped. Our research in economic psychology suggests that the solution isn’t solely about improving financial literacy but also adapting tools to individual personalities. These insights lead to actionable recommendations for pension system reforms.
Speakers
Conference program
Prof. Daniel Chamovitz, president of Ben-Gurion University of the Negev
Prof. David Wetstein, Dean of the Faculty of Humanities and Social Sciences, Ben-Gurion University of the Negev
Prof. Miki Malul, Dean of the Guilford Glazer Faculty of Management, Ben-Gurion University of the Negev
Prof. Avia Spivak, Chairman of the Center for Pension, Insurance and Economic Psychology, Ben-Gurion University of the Negev
Chair of the session: Prof. David Leiser, Center for Pension, Insurance and Economic Psychology, Ben-Gurion University of the Negev
Dr. Sarit Menahem-Carmi, Center for Pension, Insurance and Economic Psychology, Ben-Gurion University of the Negev
Mandatory pension law - is it true? Identifying pockets of non-compliance in administrative data analysis
Dr. Sarit Saban and Prof. David Leiser, Center for Pension, Insurance and Economic Psychology, Ben-Gurion University of the Negev
The marginal benefit of psychological insight
CPA Efi Sandrov, CEO of Amitim - pension funds.
Prof. Liat Ayalon, School of Social Work, Bar-Ilan University
Dr. Adi Brender, Director of Macroeconomics and Policy Division, Bank of Israel
Prof. Orli Sade, School of Business Administration, The Hebrew University of Jerusalem
Summary of the session: Prof. David Leiser, Center for Pension, Insurance and Economic Psychology, Ben-Gurion University of the Negev
Chair of the session: Prof. Avia Spivak, Chair of the Center for Pension, Insurance, and Economic Psychology, Ben-Gurion University of the Negev
Dr. Moshe Barkat, in charge of the Insurance and Savings Capital Market Authority, Ministry of Finance
Prof. Axel Boersch-Supan, Technical University of Munich, Germany
Automatic Adjustment Mechanism in Pensions and Populism
Ms. Anat Levin, CEO of BlackRock Israel
Mr. Gilad Altshuler, founder, owner and co-CEO of Altshuler Shaham Investment House
Mr. Yehuda Ben-Assayag, CEO of Menorah Mitvathim
Mr. Gil Cohen, Senior Deputy Accountant General, Ministry of Finance
Summary of the session: Prof. Avia Spivak, Chairman of the Center for Pension, Insurance, and Economic Psychology, Ben-Gurion University of the Negev