System Sustainability Archives - Page 18 of 37 - Pension Policy International

08MayMay 8, 2020

The DB landscape Defined benefit pensions 2019

By The Pensions Regulator Welcome to the fourth edition of the DB landscape publication, TPR’s annual reporton the defned beneft (DB) pension schemes that we regulate. We have taken this information from the pension schemes register on 31 March 2019 and included DB an hybrid occupational schemes with more than one member. Our publication differs from the Pension Protection Fund (PPF)’s Purple Book as their data includes only those DB scheme, eligible for the lifeboat fund. We present the...

May 8, 2020

Books, System SustainabilityDefined Benefit, Europe, UK

08MayMay 8, 2020

Reference-Dependent Preferences, Time Inconsistency, and Unfunded Pensions

By Torben M. Andersen In the real world, public pay-as-you-go pension (PAYG) schemes are popular and co-exist with private, retirement-saving schemes. This is true even in dynamically efficient economies where such pensions offer a lower return. The classic Aaron-Samuelson result argues that, in theory, this is impossible. Later work has shown that it may be possible if agents, left on their own, undersave due to myopia or time-inconsistency. In that case, if the government is paternalistic, a welfare rationale...

May 8, 2020

Articles, Pension design, System Sustainability2020, Funding

08MayMay 8, 2020

J.P. COVID impact on markets: research update

By Michael Cembales The first table itemizes monetary and fiscal stimulus unleashed by the Federal Reserve and other Central Banks in recent weeks, measured as Central Bank liquidity provisions, new fiscal stimulus programs and rate cuts. For context, new fiscal stimulus and total fiscal deficits in the US are roughly double the levels seen in 2008-2009, and the US fiscal deficit we project for 2020 of 15%-18% is only matched by deficits seen at the height of WWII in 1942-1943. ...

May 8, 2020

Articles, System Sustainability2020, Coronavirus, COVID-19, Investment, Political economy, US

01MayMay 1, 2020

Costs and Potential Funding of Expanded Public Pension Coverage in Asia

By Peter Morgan, Long Q. Trinh Public pension burdens in most emerging Asian economies are still relatively small. However, there are a number of reasons to believe that they will increase markedly in the coming years. First, many Asian economies will face rapidly ageing populations, which will raise pension and other old‐age‐related spending dramatically. Second, as economies develop, political pressures to expand the coverage of public pensions and raise pension benefits will likely increase. The first objective of this...

May 1, 2020

Articles, System Sustainability2020, Asia, Coverage, Public Pensions

18AprApril 18, 2020

Pension markets in focus

By OECD The 2019 edition of Pension Markets in Focus provides an overview of the funded and private components of pension systems in 88 jurisdictions and outlines latest developments in the markets worldwide. It exhibits an extensive range of indicators relevant to funded and private pension arrangements, harmonised and standardised across jurisdictions. It monitors the key financial aspects of these arrangements, such as the amount of accumulated assets, the way these assets are invested and their investment performance, both...

April 18, 2020

Books, Pension Management, System Sustainability2019, Private Pensions

17AprApril 17, 2020

The challenges of social security in the world: a Latin American polaroid

By Nelson Dionel Cardozo This essay seeks to discuss the diagnoses of the so-called "pension crisis". In the literature we find a hypothesis that population aging and changes in employment markets will make the payment of public pensions unsustainable in the future. This is explained by the decrease in the number of workers and the increase in the number of older adults in the population pyramid. Thus, the arguments critical of this vision, which has become hegemonic in the...

April 17, 2020

Articles, System SustainabilityLatin America, Social Security

17AprApril 17, 2020

Income and Wealth Shocks and Expectations during the COVID-19 Pandemic

By Tobin Hanspal, Annika Weber, Johannes Wohlfart In early April 2020 we conducted a survey on a representative sample of more than 8,000 US households to study the effect of the coronavirus crisis on household income and retirement wealth, households' expectations about the recovery, and the impact of the shock on individuals' economic choices. Wealth shocks are large across the population, but more pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with...

April 17, 2020

Articles, Labor Market, System Sustainability2020, Coronavirus, COVID-19, Income, Social Protection

08AprApril 8, 2020

Economic Challenges of Pension Systems : A Sustainability and International Management Perspective

By Marta Peris-Ortiz, José Álvarez-García, Inmaculada Domínguez-Fabián, Pierre Devolder This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book...

April 8, 2020

Books, Pension Management, System Sustainability2020, Political economy

08AprApril 8, 2020

Covid-19: Restrictions, Economic Losses And Incentives. European And Global Overview

By Virginia CÂMPEANU The viral epidemic COVID-19 started in December 2019 in a large city of China, Wuhan with a population of about 20 million, similar to that of Romania. The huge speed of virus spread inside China, then outside the borders has determined the World Health Organization (WHO) to declare on January 30, 2020, "Global emergency for public health" (pandemic). In mid-March, the epicentre of the epidemic moved from Asia to Europe, where the number of cases continues...

April 8, 2020

Articles, System Sustainability2020, Coronavirus, COVID-19, Europe, Political economy

04AprApril 4, 2020

The Future of Pension Plans in the EU Internal Market: Coping with Trade-Offs Between Social Rights and Capital Markets

By Nazaré da Costa Cabral, Nuno Cunha Rodrigues This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the...

April 4, 2020

Books, Pension design, Regulation, System Sustainability2019, Aging, Labor Market

May 2020

April 2020