System Sustainability Archives - Page 11 of 36 - Pension Policy International

01AprApril 1, 2021

Understanding Social Insurance: Risk and Value Pluralism in the Early British Welfare State

By Rachel Friedman This article seeks to make two contributions to the understanding of social insurance, a central policy tool of the modern welfare state. Focusing on Britain, it locates an important strand of theoretical support for early social insurance programs in antecedent developments in mathematical probability and statistics. While by no means the only source of support for social insurance, it argues that these philosophical developments were among the preconditions for the emergence of welfare policies. In addition, understanding...

April 1, 2021

Articles, Pension design, System Sustainability2021, Risk, Social Protection, Social Security, UK

25MarMarch 25, 2021

Opportunities for Stronger and Sustainable Postpandemic Growth 2021 Latin American and Caribbean Macroeconomic Report

By Eduardo Cavallo, Andrew Powell The COVID-19 shock was a significant and traumatic crisis for Latin America and the Caribbean. The pandemic dealt the region what I previously described as an unprecedented triple sudden stop, with major simultaneous disruptions in human mobility, trade, and capital flows. This was immensely dangerous. As human mobility was paralyzed by lockdowns and fear of contagion, investments fell, and trade was upended, the triple sudden stop challenged the region like few things in the past....

March 25, 2021

Books, Reports, System Sustainability2021, COVID-19, Political economy, Public Policy

25MarMarch 25, 2021

Managing the Employment Impacts of the COVID-19 Crisis: Policy Options for Relief and Restructuring

By Eliana Carranza, Thomas Farole, Ugo Gentilini, Matteo Morgandi, Truman Packard, Indhira Santos, and Michael Weber This note discusses policy options for managing the employment impacts of the COVID-19 crisis aimed at relief and restructuring. The relief phase corresponds to an initial COVID-19 phase when the health emergency dominates, lockdowns are common, and the focus is on saving lives, providing support to workers and households to manage the income shock and to firms to say afloat and, often retain workers;...

March 25, 2021

Books, Labor Market, System Sustainability2021, COVID-19, Informal Sector, Public Policy

25MarMarch 25, 2021

Public Pensions and Private Savings

By Esteban García-Miralles, Jonathan Leganza How does the provision of public pension benefits impact private savings? We answer this question in the context of a reform in Denmark that altered old-age benefit payouts through a discontinuous increase in pension eligibility ages contingent on birthdate. Using detailed administrative data and a regression discontinuity design, we identify the causal effects of the policy, leveraging our setting to study essentially the entire financial portfolio. We document responses over two distinct time horizons. First,...

March 25, 2021

Articles, Pension design, System Sustainability2020, Private Pensions, Public Pensions, Public Policy, US

“Pensions for women, the challenges ahead. International Women’s Day Selection of News and Research”

UK. Pension challenges women face will impact on their retirement 03/12/21 March 8 marks International Women’s Day and celebrates the social, economic, cultural and political achievements of women. Ghana. Low financial literacy responsible for low patronage of pensions by women and informal workers 03/12/21 A Compliance officer with the National Pensions Regulatory Authority (NPRA) says low financial literacy is the cause of low patronage of the pension scheme among women and people in the informal sector. Taking a workforce break to raise children...

March 12, 2021

Adequacy, Pension design, System Sustainability2021, Gender Gap, Investing, Saving

11MarMarch 11, 2021

Gender Gap in Pension Income: Cross-Country Analysis and Role of Gender AttitudesBy

By Anna Veremchuk The aim of this paper is to study the gender pension gap in Europe based on the newest EU-SILC data from the 2018 wave. The contribution of the paper is twofold. First, it provides evidence on factors shaping the gender pension gap in a large number of EU countries. Second, it analyses the relationship between the pension gap and: (1) the coverage of occupational (second pillar) pensions and (2) gender attitudes. The main factor contributing to gender inequality in pension...

March 11, 2021

Articles, System Sustainability2021, Europe, Gender Gap, Retirement Age, Social Security

19FebFebruary 19, 2021

Global Pension Assets Study – 2021

By Willis Tower Watson The Global Pension Assets Study covers 22 major pension markets (the P22), which now totals US$52,522 billion in pension assets and account for 80% of the GDP of these economies. The study includes an analysis of the seven largest markets (the P7) which includes Australia, Canada, Japan, Netherlands, Switzerland, UK and US and comprises 92% of total pension assets. Get the book here

February 19, 2021

Books, Investment, Pension Management, Reports, System Sustainability2021, COVID-19, DB Schemes, DC schemes, Risk

17FebFebruary 17, 2021

My word is my bond: Linking sovereign debt with national sustainability commitments

By Anderson Caputo Silva, Fiona Stewart The global COVID-19 pandemic has caused millions of deaths and the greatest global economic downturn in nearly a century. Public debt increased by $8.5 trillion in 2020, up to September, including by $1.4 trillion in emerging markets. At the same time, unprecedented levels of investment will be needed to fund COVID-19 stimulus and relief packages, as well as to address the challenges posed by climate change and the degradation of ecosystems that regulate the...

February 17, 2021

Articles, System Sustainability2021, Political economy, Public Pensions, Withdrawals

11FebFebruary 11, 2021

Opportunities for extending social security coverage in Jordan

By ILO The report aims to support Jordanian policymakers in the extension of social security to informal workers. It formulates typologies for informal workers outside the social security system, analyses the main constraints to coverage and outlines a range of policy approaches for the extension of coverage. The Jordanian government has been working to expand social security coverage of its workforce. In the context of the National Social Protection Strategy, the Cabinet has committed to developing an action plan to reduce...

February 11, 2021

Books, Labor Market, Reports, System SustainabilityCoverage, Informal Sector, Social Protection, Social Security

21JanJanuary 21, 2021

Digital finance and inclusion in the time of COVID-19

By Niclas Benni The COVID-19 pandemic has resulted in severe and protracted disruptions to the livelihoods of people all around the world, both in developing and developed countries. The pervasive effects of this pandemic, which have ended up affecting every aspect of our societies, keep unfolding as the crisis progresses, leaving profound marks on people’s livelihoods and countries’ economies that are expected to last for many years after the pandemic has ended. As part of the global response to...

January 21, 2021

Books, System Sustainability2021, COVID-19, Digital Financial Services, Financial Inclusion, Informal Sector

April 2021

March 2021

Opportunities for Stronger and Sustainable Postpandemic Growth 2021 Latin American and Caribbean Macroeconomic Report

Managing the Employment Impacts of the COVID-19 Crisis: Policy Options for Relief and Restructuring

Public Pensions and Private Savings

“Pensions for women, the challenges ahead. International Women’s Day Selection of News and Research”

February 2021

Global Pension Assets Study – 2021

My word is my bond: Linking sovereign debt with national sustainability commitments

January 2021

Digital finance and inclusion in the time of COVID-19