May 2018

27May

Old Age Pensions, in Theory and Practice, with Some Foreign Examples

By William Sutherland Trieste Publishing has a massive catalogue of classic book titles. Our aim is to provide readers with the highest quality reproductions of fiction and non-fiction literature that has stood the test of time. The many thousands of books in our collection have been sourced from libraries and private collections around the world.The titles that Trieste Publishing has chosen to be part of the collection have been scanned to simulate the original. Our readers see the books the...

May 27, 2018
Books, Management, Regulation, System Sustainability,
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21May

Social Security Programs and Retirement Around the World: Working Longer

By Courtney Coile (Wellesley College; National Bureau of Economic Research (NBER)), Kevin S. Milligan (University of British Columbia (UBC) - Department of Economics; National Bureau of Economic Research (NBER)) & David A. Wise (National Bureau of Economic Research (NBER); Harvard University - Harvard Kennedy School (HKS)) This is the introduction and summary to the eighth phase of an ongoing project on Social Security Programs and Retirement Around the World. This project, which compares the experiences of a dozen developed countries,...

May 21, 2018
Articles, Labor Market, Regulation, Slider-Left, , ,
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14May

Endogenous Retirement Behavior of Heterogeneous Households Under Pension Reforms

By Axel H. Börsch-Supan (Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)), Klaus Härtl (Max Planck Society for the Advancement of the Sciences - Munich Center for the Economics of Aging (MEA)), Duarte Nuno Leite (Max Planck Institute for Social Law and Social Policy; Universidade do Porto - CEF.UP - Center for Economics and Finance at UP) & Alexander Ludwig (Goethe University Frankfurt - Research Center SAFE; University of...

May 14, 2018
Articles, Pension design, Regulation, ,
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April 2018

19Apr

Pension Reform in Latin America and Its Lessons for International Policymakers

By Tapen Sinha The experience of privatization of social security has been predominantly in the Latin American region. Eight countries have undertaken either full or partial privatization of pensions: Argentina, Bolivia, Chile, Colombia, El Salvador, Mexico, Peru, and Uruguay. What did the policymakers expect? Were expectations realized? Can we learn anything from the collective experience of these countries? Can they be applied to other countries that are aspiring to privatize? How did the World Bank and other international institutions affect...

April 19, 2018
Books, Regulation, System Sustainability,
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15Apr

Italy: Toward a Growth-Friendly Fiscal Reform

By Michal Andrle (International Monetary Fund (IMF)), Shafik Hebous (International Monetary Fund), Alvar Kangur (International Monetary Fund (IMF)), Mehdi Raissi (International Monetary Fund (IMF) - Asia and Pacific Department) Published in late 2017, the Italian medium-term fiscal plan aims to achieve structural balanceby 2020, although concrete, high-quality measures to meet the target are yet to be specified.This paper seeks to contribute to the discussion by: (i) assessing spending patterns to identifyareas for savings (ii) evaluating the pension system (iii) analyzing the scope for...

April 15, 2018
Articles, Regulation, ,
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02Apr

Petitioning and the Making of the Administrative State

By Maggie McKinley (University of Pennsylvania Law School) The administrative state is suffering from a crisis of legitimacy. Many have questioned the legality of the myriad commissions, boards, and agencies through which much of our modern governance occurs. Scholars such as Jerry Mashaw, Theda Skocpol, and Michele Dauber, among others, have provided compelling institutional histories, illustrating that administrative lawmaking has roots in the early American republic. Others have attempted to assuage concerns through interpretive theory, arguing that the Administrative Procedure...

April 2, 2018
Articles, Regulation,
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March 2018

26Mar

The Time Has Come to Revisit Solvency Funding Rules

By Norma L. Nielson (University of Calgary - Haskayne School of Business) Canadians are not fond of hearing news about people losing their hard-earned pensions because their employer misused the money. The thought of some Working Joe or Jane being deprived of a pension, after a lifetime of working for a company, is naturally repugnant. That is why regulations around defined-benefit pension plans are designed to force employers to keep their pension funds sufficiently solvent. But there are many ways...

March 26, 2018
Articles, Pension design, Regulation, ,
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14Mar

The troubled state of pension systems in Latin America

By Augusto de la Torre and Heinz P. Rudolph A quarter of a century since Chilean-style pension reforms swept Latin America, the state of the region’s pension systems is worrisome. Old and new problems are increasingly rearing their ugly heads, some setting off serious alarms, all posing thorny political and technical challenges. Pension issues have therefore once again taken center stage in the policy debate. This paper provides a bird’s eye view of the quilt-like landscape of contributory pensions systems...

March 14, 2018
Articles, Regulation, Slider-Left, System Sustainability, ,
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05Mar

Disclosure of costs, charges and investments in DC occupational pensions

UK Department for Work and Pensions This paper forms the Government’s response to a consultation on the draft Occupational Pension Schemes (Administration and Disclosure) (Amendment) Regulations 2018, which ran from the 26 October 2017 to 7 December 2017. The draft Regulations were designed to: introduce requirements for certain occupational schemes offering money purchase benefits to publish charge and transaction cost information, disclose this to members and others, and tell members where to find it; and introduce requirements for the same...

March 5, 2018
Articles, Pension design, Regulation, Savings, , ,
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05Mar

Growing Pension Deficits and the Expenditure Decisions of UK Companies

By Philip Bunn (Bank of England), Paul Mizen (University of Nottingham; Bank of England; Centre for Economic Policy Research (CEPR)) & Pawel Smietanka (Bank of England) Large deficits have opened up on defined benefit pension schemes in the United Kingdom since 2007, and at the same time investment expenditure has been subdued; this is a common phenomenon in other countries too. We use privileged access to a unique new data set from The Pensions Regulator and two identification schemes to...

March 5, 2018
Articles, Investing, Regulation, , ,
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