COVID-19 Archives - Page 5 of 108 - Pension Policy International

31MarMarch 31, 2022

Panamá. IVM necesita $6,458 millones de 2024 a 2029

Sin los efectos de la Covid-19 sobre los ingresos de la Caja de Seguro Social (CSS) se había proyectado que las reservas del subsistema exclusivamente de beneficio definido de Invalidez, Vejez y Muerte (IVM) se agotarían en el año 2025, pero cuando se incorporan los estragos de la pandemia, el Departamento Actuarial de la entidad advirtió que el fin se producirá un año antes: en 2024. Estas proyecciones, hechas desde mayo de 2021, tienen como base el informe de la...

March 31, 2022

Noticias2022, COVID-19, Panamá, Sostenibilidad

COVID pandemic fuelled 2021 population drop in 73% of U.S. counties

24MarMarch 24, 2022

COVID pandemic fueled 2021 population drop in 73% of U.S. counties

The toll of the COVID-19 pandemic was reflected in a natural decrease last year in the population of nearly three-quarters of U.S. counties versus the two previous years, the census bureau said on Thursday. Read also US. Milliman analysis: Competitive pension risk transfer buyout rate hits all-time low in February, at 98.9% More than 73% of U.S. counties experienced natural decrease, or an excess of deaths over births, up from 55.5% in 2020 and 45.5% in 2019, bureau data showed. Read also...

March 24, 2022

News, Slider2022, Aging, COVID-19, US

15MarMarch 15, 2022

Retiro de Fondos de Pensiones: Resultados y Efectos

Por Superintendencia de Pensiones En el contexto de la pandemia por COVID-19 y de las crisis sanitaria y económica derivadas de esta, como una medida sin precedentes para el sistema de pensiones chileno, se han permitido a la fecha tres instancias consecutivas de retiros anticipados de ahorros previsionales. A junio de 2021, estas tres leyes han resultado en un total de MM US$50.000 retirados, lo que equivale a un 25% del total de los fondos de pensiones (acumulados a...

March 15, 2022

Caracterización del Sistema, Libros, Reportes, Suficiencia2022, Chile, COVID-19, Retiro de Fondos

10MarMarch 10, 2022

Report on the economic impact of coronavirus disease (COVID-19) on Latin America and the Caribbean

By ECLAC On 26 March 2020, the Government of Mexico convened a virtual ministerial meeting on health affairs for response and follow-up to the COVID-19 pandemic in Latin America and the Caribbean, which was attended by foreign ministers and health representatives from 30 countries of the Community of Latin American and Caribbean States (CELAC), as well as regional organizations. As a result of the meeting, CELAC formed a strategic alliance with the Economic Commission for Latin America and the Caribbean (ECLAC)...

March 10, 2022

Books, System Sustainability2020, COVID-19, Labor Market, Latin America, Political economy

10MarMarch 10, 2022

The Early Impacts of the Coronavirus Pandemic on Americans’ Economic Security

By Marco Angrisani, Jeremy Burke & Arie Kapteyn The COVID-19 pandemic has had enormous effects on the U.S. economy and may have had serious negative repercussions for many Americans’ financial stability. We use longitudinal survey data from a nationally representative internet panel, the Understanding America Study, to examine the early impacts of the pandemic and policy responses to it, on Americans’ financial stability, financial well-being, and financial behavior (as of May 2020). We find that rather than experiencing large declines, Americans’...

March 10, 2022

Articles, Retirement Security2022, COVID-19, Income, US

10MarMarch 10, 2022

Exponential Growth Bias and the Law: Why Do We Save Too Little, Borrow Too Much, and Fail to React on Time to Deadly Pandemics and Climate Change?

By Doron Teichman & Eyal Zamir Many human decisions, ranging from the taking of loans with compound interest to fighting deadly pandemics, involve phenomena that entail exponential growth. Yet a wide and robust body of empirical studies demonstrates that people systematically underestimate exponential growth. This phenomenon, dubbed the exponential growth bias (EGB), has been documented in numerous contexts, across different populations, using both experimental and observational methods. Despite its centrality to human decision making, legal scholarship has thus far failed to...

March 10, 2022

Articles, Pension design, Savings2022, Behavioral Science, COVID-19

03MarMarch 3, 2022

Allowing Early Access to Retirement Savings: Lessons from Australia

By Nathan Wang-Ly & Ben Rhodri Newell In response to the COVID-19 pandemic, many governments around the world introduced policies aiming to provide citizens with financial relief through early access to their retirement savings. In Australia, the Early Release of Super (ERS) scheme allowed eligible citizens to withdraw up to A$20,000 in funds between April and December 2020. Using data provided by a large Australian bank, we examine the characteristics of the individuals who withdrew, how they used the withdrawn...

March 3, 2022

Articles, Pension design, Savings, Withdrawals2021, Australia, COVID-19

01MarMarch 1, 2022

Los efectos de los factores demográficos sobre las políticas de empleo, el mercado de trabajo y la exclusión social

Por Carlos Arroyo Abad Tanto la crisis económica vivida a partir de finales de la primera década del siglo XXI, como los efectos derivados por la crisis sanitaria del COVID, han expuesto a la sociedad a un clima de tensiones de la que se han derivado profundos efectos económicos negativos acentuados por procesos paralelos de índole demográfico, así como de reformulación social. Todo ello, impone la necesidad de un replanteamiento en políticas que incidan en el ensanchamiento del mercado de...

March 1, 2022

Artículos, Envejecimiento, Mercado Laboral2021, COVID-19, España, Política Pública, Protección Social

24FebFebruary 24, 2022

Overpaying and Undersaving? Correlated Mistakes in Retirement Saving and Health Insurance Choices

By Leora Friedberg & Adam Leive Not everyone makes wise financial choices. A large body of research documents behavior inconsistent with well-informed consumers maximizing their expected utility of consumption. It remains unknown, however, whether such behavior is correlated across domains. This paper uses two novel datasets to test whether the quality of health insurance and retirement saving decisions are correlated. Using administrative panel data from a large employer, we find that people who overpay for health insurance by choosing a...

February 24, 2022

Articles, Savings2022, COVID-19, Equality, Financial Literacy

24FebFebruary 24, 2022

How the Pandemic Altered Americans’ Debt Burden and Retirement Readiness

By Andrea Hasler, Annamaria Lusardi & Olivia S. Mitchell This paper analyzes Americans’ perceptions of being debt constrained. We focus on which population subgroups reported feeling most debt constrained, how this perception was impacted by the COVID-19 pandemic, and how it relates to financial literacy and retirement readiness. To this end, we analyze two datasets, namely the 2020 and 2021 TIAA Institute-GFLEC Personal Finance Index files (P-Fin Index). The evidence shows that, prior to and during the pandemic, one in...

February 24, 2022

Articles, Savings2022, COVID-19, Equality, Financial Literacy, US

March 2022

Panamá. IVM necesita $6,458 millones de 2024 a 2029

COVID pandemic fueled 2021 population drop in 73% of U.S. counties

Retiro de Fondos de Pensiones: Resultados y Efectos

Report on the economic impact of coronavirus disease (COVID-19) on Latin America and the Caribbean

The Early Impacts of the Coronavirus Pandemic on Americans’ Economic Security

Exponential Growth Bias and the Law: Why Do We Save Too Little, Borrow Too Much, and Fail to React on Time to Deadly Pandemics and Climate Change?

Allowing Early Access to Retirement Savings: Lessons from Australia

February 2022

Overpaying and Undersaving? Correlated Mistakes in Retirement Saving and Health Insurance Choices

How the Pandemic Altered Americans’ Debt Burden and Retirement Readiness