System Sustainability Archives - Page 13 of 37 - Pension Policy International

11DecDecember 11, 2020

Latin America’s Lost Decades The Toll of Inequality in the Age of COVID-19

By Luis Alberto Moreno During the early days of the coronavirus pandemic, in March 2020, Guayaquil, Ecuador’s business capital of some three million people, was in trouble. By a twist of fate, more than 20,000 Ecuadorians had just returned home from their seasonal vacations. Many had come from Italy and Spain, two coronavirus hot spots, with the earliest and most deadly outbreaks of COVID-19. President Lenín Moreno understood that the threat was serious but opted, at first, not to close...

December 11, 2020

Articles, System Sustainability2020, Aging, Labor Market, Latin America

07DecDecember 7, 2020

COVID-19 has worsened the woes of South Asia’s informal sector

By Maurizio Bussolo, Siddarth Sharma, Hans Timmer Informal employment, which includes temporary workers, day laborers, service, or domestic workers, has long been associated with underdevelopment. Following the same logic, informality is expected to disappear gradually as countries further develop and prosper. Yet, despite decades of sustained high growth, South Asia's informal sector shows little sign of abating—even increasing in some cases. More than 80 percent of all South Asia's workers engage in informal activities, and more than 90 percent of the...

December 7, 2020

Articles, Labor Market, System Sustainability2020, Asia, COVID-19, Informal Sector

07DecDecember 7, 2020

2020 OECD Pensions Outlook

From OECD The OECD Pensions Outlook provides an analysis of different pension policy issues in OECD countries covering both public and private, defined benefit and defined contribution, pay-as-you-go and funded retirement provisions. Prepared against the background of the COVID-19 pandemic, the 2020 edition discusses policy guidelines to help governments strengthen the resilience of their retirement savings and old-age pension systems. Get the book Here!

December 7, 2020

Adequacy, Books, Books, Reports, System Sustainability2020, Pension Management, Public Policy, Regulation

03DecDecember 3, 2020

DB or not DB, what is the solution?

By Mark Daniel Mark Daniel takes us on a pensions journey, exploring various DB and DC plan designs and how these can help manage costs and possible risks. What a difference two years make. Boris Johnson is now the Prime Minister, Liverpool finally became Premier League Champions and, sadly (for me), Huddersfield Town are back down in football’s second tier. And then there is COVID-19. Who could have predicted any of the above? Admittedly, you didn’t need a...

December 3, 2020

Articles, Pension design, System Sustainability2020, Defined Benefit, Funding, Occupational Pensions, Public Pensions

03DecDecember 3, 2020

Good Economics for Hard Times

By Abhijit V Banerjee, Esther Duflo The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known...

December 3, 2020

Books, System Sustainability2019, Political Economics, Poverty, Public Policy, Social Protection

03DecDecember 3, 2020

An Assessment of Affordability and Impact of a Social Old Age Pension in Rwanda

By Jean Bosco Mbarute In low-income countries and middle-income countries, the coverage of contributory pension scheme is low and even stagnant. At the same time, older people are less able to rely on family and community support as a result of growing urbanization and migration. Then low-income workers and the poor simply cannot save enough to prepare for their old age. As a remedy, many countries are considering or have already implemented various forms of retirement income transfers aiming...

December 3, 2020

Articles, Pension design, System Sustainability2020, Adequacy, Africa, Coverage, Public Pensions, Rwanda

03DecDecember 3, 2020

Long-Term Effects of the Targeting the Ultra Poor Program

By Abhijit V. Banerjee, Esther Duflo, Garima Sharma This paper studies the long-run effects of a “big-push” program providing a large asset transfer to the poorest Indian households. In a randomized controlled trial that follows these households over 10 years, we find positive effects on consumption (1 SD), food security (0.1 SD), income (0.3 SD), and health (0.2 SD). These effects grow for the first seven years following the transfer and persist until year 10, consistent with the alleviation...

December 3, 2020

Articles, System SustainabilityFinancial Inclusion, Poverty, Social Protection

27NovNovember 27, 2020

Pension and Health Services Utilization: Evidence from Social Pension Expansion in China

By Shanquan Chen, Xi Chen, Stephen Law, Henry Lucas, Shenlan Tang, Qian Long, Lei Xue and Zheng Wang The proportion of people aged 60 years or over is growing faster than other age groups. The well-being older adults depend heavily on their state of health. This study evaluates the effects of pensions on older adults' health service utilization, and estimates the size of pension required to influence such utilization. Using a nationally representative survey, the China Health and Retirement...

November 27, 2020

Articles, Pension design, System Sustainability2020, Asia, China, Social Protection, Social Security

17NovNovember 17, 2020

Building Better Retirement Systems in the Wake of the Global Pandemic

By Olivia S. Mitchell In the wake of the global pandemic known as COVID-19, retirees, along with those hoping to retire someday, have been shocked into a new awareness of the need for better risk management tools to handle longevity and aging. This paper offers an assessment of the status quo prior to the spread of the coronavirus, evaluates how retirement systems are faring in the wake of the shock. Next we examine insurance and financial market products that may...

November 17, 2020

Articles, Pension design, System Sustainability2020, Aging, COVID-19, Fintech

11NovNovember 11, 2020

South Africa. The scary facts about the gender pension gap

Echoing concerns raised by the World Economic Forum earlier this year, 10X Investments’ new South African Retirement Reality Report adds more data showing this worrying trend of women falling further behind men. 10X’s third annual Retirement Reality Report (RRR20) shows that the retirement savings gap between the genders has grown in the last year, not only because the gender pay gap has widened, but because many women continue to reject the best option they have for narrowing the gap,...

November 11, 2020

Adequacy, News, Slider, System Sustainability2020, Gender Gap, Income, South Africa

December 2020

Latin America’s Lost Decades The Toll of Inequality in the Age of COVID-19

COVID-19 has worsened the woes of South Asia’s informal sector

2020 OECD Pensions Outlook

DB or not DB, what is the solution?

An Assessment of Affordability and Impact of a Social Old Age Pension in Rwanda

November 2020

Building Better Retirement Systems in the Wake of the Global Pandemic

South Africa. The scary facts about the gender pension gap