System Sustainability Archives - Page 24 of 37 - Pension Policy International

14JunJune 14, 2019

Evolving Eldercare in Contemporary China: Two Generations, One Decision (Series in Asian Labor and Welfare Policies) (English Edition)

By Lin Chen With an increasing number of elders moving into nursing homes, the shift from family to nursing home care calls for an exploration of caregiving decision-making in urban China. This study examines how a rapidly growing aging population, the one-child policy, and economic reform in urban China pose unprecedented challenges to the country’s ingrained tradition of family caregiving. It presents interviews of matched elders and their children from a government-sponsored nursing home in Shanghai and analyzes...

June 14, 2019

Books, Labor Market, System Sustainability2019, China, Healthcare, Public Policy, Social Security

14JunJune 14, 2019

The Future of Public Employee Retirement Systems (Pensions Research Council) (English Edition)

By Gary Anderson, Olivia S. Mitchell People covered by public pensions are often the subject of 'pension envy:' that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would...

June 14, 2019

Books, System Sustainability2019, Funding, Public Pensions, Risk, US

14JunJune 14, 2019

The Effects of Pension-Related Policies on Household Spending

By Susana Párraga Rodríguez This paper estimates the impact of pension-related policies on household spending. The identification strategy exploits the deviation in pensioner income and expenditure caused by the introduction of a new pension system during the 1980s and 1990s in Spain and constructs a new narrative series of legislated pension changes. I present a variety of estimates, some of them imply that increases in the average pension have a roughly one-for-one effect on pensioner spending. The strongest effects...

June 14, 2019

Articles, System SustainabilityFunding, Public Pensions, Risk, Spain

14JunJune 14, 2019

Social Security Coverage for State and Local Government Workers: A Reconsideration

By William G. Gale, David John, Sarah E. Holmes Since it was created in 1935, Social Security has grown from covering about half of the work force to covering nearly all workers. The largest remaining exempted group is a subset of state and local government workers (SLGWs). As of 2008, Social Security did not cover about 27 percent of the 23.8 million SLGWs (Congressional Research Service 2011). Non-coverage of SLGWs is concentrated in certain states scattered around the country...

June 14, 2019

Articles, Labor Market, System Sustainability2019, Public Policy, Social Security

07JunJune 7, 2019

Financial Literacy and Financial Education: Theory and Survey

By Beata Swiecka, Aleksandra Grzesiuk, Dieter Korczak It is a well-known saying that money does not buy happiness. But it certainly helps in life. It is important to have enough of it to satisfy our needs and to secure ourselves from emergency situations. That's what adults think. And what about the youth? What is their approach to money, what do they know about finances and how are their skills in everyday financial management coming along? What kind of...

June 7, 2019

Books, Labor Market, System Sustainability2019, Financial Education, Financial Literacy

07JunJune 7, 2019

Switching Costs and Competition in Retirement Investment

By Fernando Luco How do different switching costs affect choices and competition in a private pension system? I answer this question in a setting in which variation in employment status allows me to identify two switching costs that jointly affect enrollees’ decisions: the cost of evaluating financial information and the cost of the bureaucratic process that enrollees must navigate when switching. I use this variation to estimate the different switching costs and study their impact on competition among pension...

June 7, 2019

Articles, Management, System Sustainability2018, Labor Market, Private Pensions

24MayMay 24, 2019

Economic Growth and the Public Sector: A Comparison of Canada and Italy, 1870-2013

By Livio Di Matteo, T. P. Barbiero There is considerable evidence that the size of the public sector can influence an economy’s rate of economic growth. We investigate public sector spending of central governments and economic performance in two G7 countries over the long-term, Canada and Italy. Their economic performance has diverged in the last 25 years and it is worth investigating whether the size of government was a contributing factor. We find that in both the case of...

May 24, 2019

Articles, System SustainabilityCanada, Italy, Political economy, Public Policy

17MayMay 17, 2019

Pakistan at Seventy: A Handbook on Developments in Economics, Politics and Society

por Shahid Javed Burki, Iftekhar Ahmed Chowdhury, Asad Ejaz Butt This handbook examines Pakistan's 70-year history from a number of different perspectives. When Pakistan was born, it did not have a capital, a functioning government or a central bank. The country lacked a skilled workforce. While the state was in the process of being established, eight million Muslim refugees arrived from India, who had to be absorbed into a population of 24 million people. However, within 15 years,...

May 17, 2019

Books, System Sustainability2019, Labor Market, Pakistan, Political economy

04MayMay 4, 2019

The Regulation of Mobile Money: Law and Practice in Sub-Saharan Africa (Palgrave Macmillan Studies in Banking and Financial Institutions)

By Sunduzwayo Madise The emergence of mobile money and other new forms of payment has changed the sovereign foundations of money. Starting as a Department for International Development funded project in Kenya, mobile money has now spread to many developing countries. This book looks at the regulatory issues that mobile money poses, and the potential risks to the financial system. It undertakes a comparative study of mobile money regimes in Kenya, Malaŵi, Tanzania, and South Africa. Although the main...

May 4, 2019

Books, Regulation, System Sustainability2019, Technology

04MayMay 4, 2019

Averting the Multiemployer Pension Solvency Crisis

By Charles Blahous (Mercatus Center at George Mason University)By Mercatus Research Paper The Pension Benefit Guaranty Corporation (PBGC) multiemployer pension insurance program faces projected insolvency, driven by systemic underfunding of multiemployer pension plans. To address this brewing crisis, Congress has established a joint select committee to develop multiemployer pension reforms. Primary causes of the crisis include lax funding rules and inaccurate valuations of pension assets and liabilities. Explanations frequently offered for underfunding, such as financial market downturns...

May 4, 2019

Adequacy, Articles, System Sustainability2019, Labor Market, Occupational Pensions

June 2019

The Future of Public Employee Retirement Systems (Pensions Research Council) (English Edition)

The Effects of Pension-Related Policies on Household Spending

Financial Literacy and Financial Education: Theory and Survey

Switching Costs and Competition in Retirement Investment

May 2019

Economic Growth and the Public Sector: A Comparison of Canada and Italy, 1870-2013

Pakistan at Seventy: A Handbook on Developments in Economics, Politics and Society

The Regulation of Mobile Money: Law and Practice in Sub-Saharan Africa (Palgrave Macmillan Studies in Banking and Financial Institutions)

Averting the Multiemployer Pension Solvency Crisis