May 2023
03May

Informes sobre la estabilidad financiera mundial (GFSR)

Por Fondo Monetario Internacional En el capítulo 1 se analiza la turbulencia reciente en el sector bancario y las dificultades que plantea la interacción entre el endurecimiento de la política monetaria y de las condiciones financieras y la acumulación de vulnerabilidades desde la crisis financiera mundial. Las tensiones surgidas en los mercados financieros complican la tarea de los bancos centrales en un momento en que las presiones inflacionarias están resultando ser más persistentes de lo esperado. En los mercados emergentes...

May 3, 2023
Caracterización del Sistema, Libros, Libros, , , ,
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April 2023
21Apr

Reforming against the demographic clock

By Allianz Research  The Covid-19 pandemic erased life-expectancy gains of almost a decade, pushing population aging and pension reform into the background. In fact, to alleviate the financial burden on private households and companies, governments not only put together aid packages worth billions of euros that drove up national debt, but also postponed already agreed upon reform measures, lowered contribution rates and allowed early withdrawals from retirement plans. As a result, the build-up of future pension entitlements and retirement savings slowed,...

April 21, 2023
Reports, System Characterization, System Sustainability, ,
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21Apr

Retirement Savings Behaviours and Covid-19: Evidence from Thailand

By Paul Gerrans, Sunatharee Lhaopadchan & Sirimon Treepongkaruna This paper utilises administrative data from members of the Thai Government Pension Fund to examine voluntary contributions and investment plan change. We find low overall incidence of both behaviours which increased only modestly during the onset of COVID-19. While the major finding is that members are in the minority if they engage in the behaviour regardless of gender, salary, balance, or experience in the fund, the relative probability varies systematically by member...

April 21, 2023
Articles, Savings, , , , , ,
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21Apr

Shocks to Occupational Pensions and Household Savings

By Francesco Caloia, Mauro Mastrogiacomo & Irene Simonetti This paper studies the saving response of households to shocks in the capital position of their pension fund. Using survey panel data matched to supervisory data of Dutch occupational pension funds for a period that involved three major economic crises, we provide evidence of an increase in savings driven by a worsening of the financial position of pension funds. The identification strategy exploits cross-sectional and time variations in the funding ratios of...

April 21, 2023
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21Apr

Management of Retirement Funds by Republican vs. Democrat States: Understanding the Differences

By Mustafa O. Caglayan, Edward R. Lawrence & Robinson Reyes-Peña As most of the state pensions in the USA deal with their respective funding crisis, we compare the management approaches undertaken by funds located in the states that are governed by Republicans vis-à-vis funds that are located in states governed by Democrats. We find that pension funds located in states governed by Republicans display a lower funding ratio compared to the pension funds located in states governed by Democrats. The...

April 21, 2023
Articles, Pension Management, , , , ,
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19Apr

La jubilación y su impacto en la vida del adulto mayor: revisión integradora

Por Juan Almejo Vargas & Yolanda Hernández Delgado De los estudios analizados encontramos que en su mayoría (56%) la metodología es empleada bajo paradigma cuantitativo, lo cual nos indica que estos estudios han tratado de medir las repercusiones que tiene la jubilación en el adulto mayor, en cambio el (40%) de los estudios utilizan el paradigma cualitativo estos escenarios de los estudios están orientados principalmente en la exploración de significados, percepciones o experiencias entorno a la jubilación y solo el...

April 19, 2023
Artículos, Envejecimiento, Envejecimiento, , ,
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19Apr

Reforma pensional e informalidad laboral en Colombia

Por Sergio Clavijo Este documento analiza las implicaciones de las reformas pensionales y laborales radicadas recientemente por la Administración Petro (2022-2026). Ellas apuntan a establecer un cuasi-monopolio público bajo un sistema de "reparto simple" (Colpensiones), al tiempo que se vuelve más costosa la contratación laboral en horas nocturnas, dominicales y los despidos. Aquí presentamos métricas de informalidad laboral (cercanas al 85% según el PILA), las cuales ilustran la baja probabilidad de lograrse los tiempos mínimos de cotización (sector público) y/o de...

April 19, 2023
Libros, Libros, Mercado Laboral, Mercado Laboral, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , ,
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14Apr

PensionBee. Annual Report and Financial Statements 2022

By PensionBee PensionBee is a leading online pension provider in the UK, with a mission to make pensions simple, so that everyone can look forward to a happy retirement. We are a direct-to-consumer financial technology company with approximately 183,000 Invested Customers and £3.0bn of Assets under Administration (‘AUA’) as at 31 December 2022 (2021: 117,000 Invested Customers and  £2.6bn of AUA). We deliver a leading customer proposition to pension holders in the UK defined contribution pensions market, catering for the mass...

April 14, 2023
Books, Books, Pension Management, Reports, , , ,
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Los 30 Años
12Apr

Chile en 30 años. Pensiones

Por Upholster y La Tercera El envejecimiento de la población y las demandas por mejores condiciones económicas pusieron el debate previsional al centro de las demandas ciudadanas. La mezcla de jubilaciones bajas y desinformación en cultura previsional generaron un malestar que llevó a la PGU y a tres propuestas de reforma al sistema de pensiones. Lee más en "Decide Chile"

April 12, 2023
Caracterización del Sistema, Libros, Libros, , , ,
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05Apr

Pension Reforms and Couples’ Labour Supply Decisions

By Hamed Markazi Moghadam, Patrick A. Puhani & Joanna Tyrowicz To determine how wives' and husbands' retirement options affect their spouses' (and their own) labour supply decisions, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since the early 1990s have gradually raised women's retirement age from 60 to 65, but also increased ages for several early retirement pathways affecting both sexes. We use German Socio-Economic Panel data for a sample of couples...

April 5, 2023
Articles, Labor Market, , , ,
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