November 2022
16Nov

Financial System: Challenges and Opportunities of Digital Transformation in Mexico

By Vanessa Veintimilla Brando & Daniel Miranda Lopez This work aims to understand the implications that financial technology represents for the Mexican financial system. Considering that the adoption of new technologies in the financial system (Fintech) is increasing, a novel and complex context has arisen with diverse implications in various aspects such as education, infrastructure, and the regulatory and supervisory framework needed to ensure a healthy development of the financial system. Although it has been shown that digitization brings...

November 16, 2022
Articles, Innovation, , , ,
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15Nov

The Nobel laureate, Paul Krugman and other experts will celebrate 25th anniversary of the Mexican pension system at Encuentro Amafore 2022

Encuentro Amafore 2022 will take place at the Citibanamex Center on the 16 and 17 of November, with keynote speeches by the 2008 Nobel Prize in Economics, Paul Krugman; 2004 Pulitzer Prize-winning historian and geopolitical expert Anne Applebaum; the political scientist, writer and professor at Stanford University, Francis Fukuyama; and the Director of Strategic Alliances and Contents of América Móvil, Arturo Elías Ayub. It will also feature keynote addresses by the director of strategic functions at BlackRock, Peter Fisher; Franklin...

November 15, 2022
News, , , , , ,
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11Nov

Preparing for Retirement Reforms

By Karen E. Smith, Eugene Steurele, Damir Cosic Each of the three pillars of the US retirement system—Social Security, employer pensions, and private savings—suffers from serious problems that could threaten the financial security of future retirees. Social Security is at risk of becoming insolvent. If policymakers fail to act, Social Security benefits will be cut by about 25 percent starting in 2035, and even with reform, some combination of a slowdown in benefit growth for retirees and higher taxes on...

November 11, 2022
Articles, Pension design, , , , ,
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11Nov

Future-Proof Work? The Experiences of Gig Economy Workers in the Philippines

By Christopher Ed Caboverde & John Paul Flaminiano The COVID-19 pandemic caused massive disruptions in the job market. This also puts the "gig economy" in the spotlight since many workers are seeing it as a viable career option, and are considering leaving their 9-to-5 jobs to pursue a career there. Even before the pandemic, the gig economy forms a significant portion of the workforce in different countries. This paper aims to understand the journey and experiences of location-dependent and purely...

November 11, 2022
Articles, Labor Market, , ,
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09Nov

Quiénes son los repartidores en América Latina? Un análisis comparativo del perfil de los trabajadores en Argentina, Perú, Colombia, Ecuador y México

Por Iván Federico Montes de Oca En esta ponencia se realiza una comparación de las principales características sociodemográficas y las condiciones laborales generales de los trabajadores del reparto en México, Colombia, Ecuador, Perú y Argentina. A partir del relevamiento de fuentes secundarias se observa que el perfil de los repartidores presenta características similares, siendo mayormente hombres jóvenes de origen migrante y con estudios avanzados. La pregunta general que se realiza consiste en comprender si se puede establecer una relación entre...

November 9, 2022
Artículos, Caracterización del Sistema, , ,
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09Nov

El porvenir de la vejez: demografía, empleo y ahorro

Por María Amparo Cruz Saco, Bruno Seminario, Favio Leiva, Carla Moreno & María Alejandra Zegarra ¿Cuál es la visión de largo plazo y cuáles son las estrategias para asegurar el bienestar de los adultos mayores? ¿Cuál es el sistema de ahorro previsional que mejor se adecúa a la sociedad y economía peruanas? Solo si disponemos de una amplia información y realizamos un profundo análisis podremos responder satisfactoriamente a tan difíciles preguntas. Este libro presenta un examen de las tendencias demográficas,...

November 9, 2022
Envejecimiento, Envejecimiento, Libros, Libros, , ,
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09Nov

Desigualdades estructurales y crisis superpuestas en América Latina y el Caribe. ¿Hacia una recuperación transformadora con igualdad?

Por Simone Cecchini Las múltiples desigualdades económicas y sociales que caracterizan a los países de América Latina y el Caribe conspiran en contra de su desarrollo sostenible y tienen una relación directa con la actual crisis económica, social y sanitaria. La pandemia de la COVID-19 y la guerra en Ucrania, sumadas a las brechas estructurales, están dibujando una tormenta perfecta de bajo crecimiento, desocupación, elevada inflación, aumento de la pobreza, el hambre, la desigualdad, el malestar social y la polarización...

November 9, 2022
Artículos, Sostenibilidad del Sistema, Sostenibilidad del Sistema, sosteninbilidad del sistema, , , ,
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03Nov

Older Persons’ Rights to Social Security

By Alan Gutterman Article 22 of the Universal Declaration of Human Rights provides that “[e]veryone, as a member of society, has the right to social security”, and Article 9 of the International Covenant on Economic, Social and Cultural Rights (“ICESCR”) calls on States to “recognize the right of everyone to social security, including social insurance”. In its General Comment No. 19 on the right to social security released in 2008, the Committee on Economic, Social and Cultural Rights (“CESCR”) explained...

November 3, 2022
Aging, Articles, , ,
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03Nov

Risk Pooling and Precautionary Saving in Village Economies

By Marcel Fafchamps & Aditya Shrinivas We propose a new method to test for efficient risk pooling that allows for intertemporal smoothing, non-homothetic consumption, and heterogeneous risk and time preferences. The method is composed of three steps. The first one allows for precautionary savings by the aggregate risk pooling group. The second utilizes the inverse Engel curve to estimate good-specific tests for efficient risk pooling. In the third step, we obtain consistent estimates of households' risk and time preferences using...

November 3, 2022
Articles, Savings, , ,
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03Nov

Trends in State and Local Pension Funds

By Oliver Giesecke & Joshua D. Rauh Unfunded public pension obligations represent the largest liability for state and local governments in the United States. As of fiscal year 2021, the total reported unfunded liabilities of these plans is $1.076 trillion. In contrast, the market value of the unfunded liability is approximately $6.501 trillion. As a result, the reported funding ratio of 82.5% falls to 43.8% under a market-based valuation. The market values reflect the fact that accrued pension promises are...

November 3, 2022
Articles, Pension design, , ,
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