November 2024
20Nov

Evolución del sistema de pensiones en Chile desafíos de sostenibilidad

Por Roberto Ríos Ossa & Andrés Romero Werth El análisis de la historia del sistema de pensiones chileno suele concentrarse en la creación del sistema de capitalización individual. Menos conocido fuera del país es la relación que tiene el mismo con el modelo que lo precedió, el sistema de Cajas de Previsión. Muchas de las características del primero son respuesta directa de las deficiencias del segundo, especialmente en materia de financiamiento y acceso a las prestaciones, pero a pesar de ello...

November 20, 2024
Artículos, Caracterización del Sistema, , , , ,
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15Nov

2024 Top 40 Money Managers Report: To divest or engage?

By Blake Wolfe With 15 different client organizations, including nine public sector pension plans, the Alberta Investment Management Corp. has opted to engage, rather than divest, from certain investments, particularly those in the energy sector. “One of the things we were very clear on, both for ourselves and in talking to clients, is that divestment wasn’t the way we wanted to go,” says Carmen Velasquez, the investment organization’s managing director of sustainable investing. “One of the things we talk a lot...

November 15, 2024
Books, Books, Pension Management, Reports, , ,
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15Nov

Rethinking Pension Reform

By Giulia Giupponi & Arthur Seibold Population ageing is exerting unprecedented fiscal pressure on social security systems around the world. In response, many governments are implementing or planning pension reforms, often aimed at encouraging later retirement. A long-standing literature in public economics and labour economics investigates how the design of pension systems affects individual labour supply and retirement choices. In recent years, this literature has seen a revival, with a wave of new studies from Europe and the US combining high-quality...

November 15, 2024
Books, Books, System Sustainability, , , ,
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15Nov

Pension’s Resource-Time Trade-Off: The Role of Inequalities in the Design of Retirement Schemes

By Renaud Bourlès & Santiago Lopez-Cantor Public pension schemes serve as mechanisms for inter-temporal income smoothing and within-cohort redistribution. This paper examines the influence of income and lifespan inequalities on the structure of a democratically chosen pension scheme. We use a probabilistic voting model where agents vote on the size and the degree of redistribution (i.e. the Beveridgean factor) of pension and can supplement it with voluntary contributions. Our analysis reveals that when all agents can supplement the public scheme...

November 15, 2024
Articles, Pension design, , ,
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15Nov

Can Flexible Jobs Drive the Future of Work? Lessons from MENA

By Carole Chartouni, Khalid Moheyddeen, Ramy Zeid, Rada Naji & Montserrat Pallares-Miralles The evolving nature of work is prompting a global shift towards more adaptable and flexible employment practices. Work is no longer only a place you go to for a 9 to 5 job – it is transforming into a dynamic concept as an ever-growing number of people are gravitating towards flexible employment models, often referred to as non-standard forms of employment (NSEs). Growing evidence shows that as people increasingly value...

November 15, 2024
Articles, Labor Market, , , ,
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15Nov

Lessons on strengthening pensions and social insurance for sustainable development

By Gustavo Demarco, Gonzalo Reyes, Diego Wachs & Aaron Buchsbaum In today's rapidly evolving world, robust pension systems and social insurance programs are vital for ensuring economic stability, financial inclusion, and the well-being of citizens, particularly in the face of aging populations. Understanding the multifaceted benefits of these systems, as well as the challenges in implementing sustainable pension systems, is crucial for informed policymaking. The World Bank is responding by revitalizing its in-depth training courses for government officials. In a recent course, experts...

November 15, 2024
Articles, System Sustainability, , , , ,
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13Nov

Educación financiera base para obtener un retiro digno

Por Celina Yazmin Contreras-Ávila, María Pilar Acosta-Márquez, Flor Lucila Delfín-Pozos & René Mariani-Ochoa La importancia de la educación financiera y su relación con la población en edad de retiro, 65 y más años, que aumentará en los próximos años en México, es motivo para estudiar los posibles escenarios económicos a los que se enfrentará. El estudio exploratorio y comparativo tiene como primer objetivo evaluar la pensión por jubilación de dos casos de trabajadores de la Secretaría de Seguridad Pública del...

November 13, 2024
Ahorro, Artículos, Suficiencia, , , , ,
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08Nov

Journal of Labor Economics

By Peter Kuhn This is volume 42 issue 4 of Journal of Labor Economics. Founded in 1983 as the first journal devoted specifically to labor economics, the Journal of Labor Economics (JOLE) presents international research on issues affecting social and private behavior, and the economy. JOLE’s contributors investigate various aspects of labor economics, including supply and demand of labor services, personnel economics, distribution of income, unions and collective bargaining, applied and policy issues in labor economics, and labor markets and...

November 8, 2024
Books, Books, Labor Market, Reports, , , ,
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08Nov

Real-World Shocks and Retirement System Resiliency

By Olivia S. Mitchell, John Sabelhaus & Stephen P. Utkus Growing awareness of real-world shocks including market downturns, health surprises, and labor market readjustment is calling into question the ability of global retirement systems to remain healthy and sustain future retirees. Financial and labor market stresses are shaping how older workers fare as they head into retirement, and how younger workers must prepare financially for their futures. These shocks come on top of long-standing concerns surrounding rising longevity, along with...

November 8, 2024
Books, Books, Reports, System Characterization, , , , , ,
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08Nov

Pensions in Aging Asia and the Pacific: Policy Insights and Priorities

By Rafal Chomik, Philip O’Keefe & John Piggott Asia and the Pacific has the most diverse regional pension landscape globally. Yet the region’s pension systems are facing common challenges as they attempt to expand coverage, and ensure adequacy and fairness, while maintaining fiscal sustainability. We review the structures and performance of pension systems across Asia and the Pacific. Most remain characterized by low contributory coverage, social pensions with inadequate benefits and often low (or no) coverage, and informal sector schemes...

November 8, 2024
Aging, Articles, , ,
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