Adequacy Archives - Page 6 of 13 - Pension Policy International

18JanJanuary 18, 2020

Risk and Equity Release Mortgages in the UK

By: Tripti Sharma, Declan French, Donal G. McKillop Accessing elderly housing wealth through equity release mortgages (ERMs) continue to be the focus of policy debates about how to pay for social care and how to support retirement incomes in the UK. We demonstrate in this paper that the spatial concentration of this market in just a few regions is not due to demand but to the risks faced by suppliers. We show that by ignoring regional variations in No Negative...

January 18, 2020

Adequacy, Articles, Pension design, Slider-Left2019, Income, System sustainability

06DecDecember 6, 2019

Exploring Wealth Inequality

By Cato Institute, Ryan Bourne, Chris Edwards Many political leaders and pundits consider wealth inequality to be a major economic and social problem. They complain about a shift of wealth to the top at everyone else’s expense and about plutocrats dominating policymaking in Washington. Is wealth inequality the crisis that some people believe? This study examines six aspects of wealth inequality and discusses the evidence for the claims being made. Section 1 describes how wealth inequality has risen in...

December 6, 2019

Adequacy, Articles, System Sustainability2019, Income

22NovNovember 22, 2019

Fiscal Incidence in Moldova: A Commitment to Equity Analysis

By Alexandru Cojocaru, Mikhail Matytsin, Valeriu Prohnitchi This paper uses methods developed by the Commitment to Equity Institute and data from the Household Budget Survey to assess the effects of government taxation and social spending on poverty and inequality in Moldova. The paper presents the first detailed distributional analysis of the tax and expenditure sides of the fiscal system, examining in particular the contribution of different taxes and transfers to poverty and inequality reduction in Moldova, as well as...

November 22, 2019

Adequacy, Articles, Pension design2019, Income, Moldova, Social Protection, Taxation

08NovNovember 8, 2019

Social Protection in Developing Countries: Reforming Systems

By Katja Bender, Markus Kaltenborn, Christian Pfleiderer, Magdalena Sepulveda Carmona Providing universal access to social protection and health systems for all members of society, including the poor and vulnerable, is increasingly considered crucial to international development debates. This is the first book to explore from an interdisciplinary and global perspective the reforms of social protection systems introduced in recent years by many governments of low and middle-income countries. Although a growing body of literature has been concerned with the...

November 8, 2019

Adequacy, Books, System SustainabilityPension Reform, Public Policy, Social Protection

21OctOctober 21, 2019

Melbourne Mercer Global Pension Index 2019 (MMGPI)

Ageing populations continue to be a significant issue for many economies as we are living longer and fertility rates continue to decline. Pension systems are becoming more important than ever as households want to maintain their living standards throughout retirement. But how is this possible, especially within the economic environment of low interest rates and reduced economic growth? There are implications for employers, employees, governments, as well as the pension funds. Pension reform is being considered in many countries,...

October 21, 2019

Adequacy, Books, Reports, Slider-Left, Sustainability2019, Corporate Governance, ESG, Pension Management

11OctOctober 11, 2019

The Quest for Sustainability in Contingent Pension Plans

By Barry Gros, Barbara Sanders The types of pension plans offered to Canadian employees are changing. As membership in traditional defined-benefit pension plans declines, plans in which benefits are contingent on the financial status of the plan are becoming more common. Rather than placing all the risk on sponsors to deliver guaranteed benefits to members, these contingent pension plans require members to take on at least some of the risk that benefits may or may not meet expectations. At...

October 11, 2019

Adequacy, Articles, Sustainability2019, Corporate Governance, Investment, Pension Management

20SepSeptember 20, 2019

Old-Age Poverty: The Household Perspective; A Microsimulation Approach of Pension Entitlements in Germany

By Sebastian Finkler Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems 'raison d’être'. The focus of the present paper turns away from individual perspective and considers household retirement incomes in the light of analysing old-age poverty and designing (minimum) pension policies. Using household survey and...

September 20, 2019

Adequacy, Aging, Articles, Pension design2019, Germany, Income, Saving

13SepSeptember 13, 2019

Reforming Social Security: The Challenge of Income Inequality

By David W. Rasmussen Objective: This article examines the role Social Security plays in alleviating poverty among retirees in the context of threats to its solvency. Method: Examining long-term employment trends, declining access to defined benefit pensions and saving behavior can determine if in the more future Social Security beneficiaries are likely to be poor. Results: Labor market trends driven by technical change, global competition and increasing demand for services indicate that more future retirees will have lower life-time...

September 13, 2019

Adequacy, Articles, Regulation2019, Income, Public Policy, Social Security

06SepSeptember 6, 2019

Twenty Years of Wage Inequality in Latin America

By Julián Messina, Joana Silva This paper documents an inverse U-shape in the evolution of wage inequality in Latin America since 1995, with a sharp reduction starting in 2002. The Gini coefficient of wages increased from 42 to 44 between 1995 and 2002 and declined to 39 by 2015. Between 2002 and 2015, the 90/10 log hourly earnings ratio decreased by 26 percent. The decline since 2002 was characterized by rising wages across the board, but especially among those...

September 6, 2019

Adequacy, Articles, Labor Market2019, Income, Latin America, Saving

30AugAugust 30, 2019

Why is Inequality Higher Among the Old? Evidence from China

By Katja Hanewald, Ruo Jia, Zining Liu This paper studies income inequality in old age and its development over the life cycle. We develop a theoretical framework and a new empirical method to show that income is more unequally distributed in old age than in working age. We combine the regression-based inequality decomposition method and the three-step mediating effect test to analyze the transmission of income inequality from initial socioeconomic differences to income inequality in old age. Our study...

August 30, 2019

Adequacy, Aging, Articles, Pension design2019, China, Income, Political economy, Public Policy, Sustainability

January 2020

Risk and Equity Release Mortgages in the UK

December 2019

Exploring Wealth Inequality

November 2019

October 2019

Melbourne Mercer Global Pension Index 2019 (MMGPI)

The Quest for Sustainability in Contingent Pension Plans

September 2019

Old-Age Poverty: The Household Perspective; A Microsimulation Approach of Pension Entitlements in Germany

Twenty Years of Wage Inequality in Latin America

August 2019

Why is Inequality Higher Among the Old? Evidence from China