February 2019

03Feb

The Economic Effects of the UK Government’s Proposed Brexit Deal

By Arno Hantzsche (National Institute of Economic and Social Research; University of Nottingham), Amit Kara (Bank of England - Monetary Policy Committee), Garry Young (National Institute of Economic and Social Research) The focus of our analysis is on how the UK government's proposed Brexit deal is likely to affect the economy. First, we assess how trade, migration, foreign direct investment, productivity and contributions to the EU budget might change by reviewing current proposals against historical evidence. Second, we use the...

February 3, 2019
Articles, Labor Market, Regulation, Slider-Left, System Sustainability, , , ,
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January 2019

19Jan

Migration, Remittances and Brexit: European Labor Market Integration and Its Effects on Inequality and Convergence

By Pawel Langer (New York University) & Laszlo Tetenyi (New York University) The increase in migration from Eastern to Western Europe after their accession to the European Union (EU) in 2004 resulted in a large increase in remittances to New Member States (NMS) and were comparable in size to FDI or EU funds. This paper adds to the literature by analyzing the impact of remittances and migration jointly, rather than separately, on the integration of EU economies and their implications...

January 19, 2019
Articles, Labor Market, Savings, , , ,
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14Jan

The Impact of Brexit on Central and Eastern European Security

By Valentin Naumescu (Faculty of European Studies, Babeş-Bolyai University Cluj-Napoca), Agnes Nicolescu (European Institute of Romania) This article examines the impact of the Brexit process on security policy and related political discourse in Central and Eastern Europe. Developments related to the Brexit process are considered in its two-fold dimensions: direct impact, on the European Union, and indirect effect, on UK’s contribution to NATO. In this context, the article proposes a qualitative analysis of foreign policy and security national strategy...

January 14, 2019
Articles, System Sustainability, ,
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11Jan

First report costs and past performance

By EIOPA (European Insurance and Occupational Pensions Authority) Executive Summary The report sets out aggregate data on the costs of insurance-based investment product (IBIPs) across the EU, and, to a limited extent, certain personal pension products (PPPs). The data also sets out net performance for the period between 2013-2017. It follows the European Commission request to the European Supervisory Authorities to periodically reporto on costs and past performance of retail investment products. It has been undertaken as a “pilot” exercise, reflecting an anticipated need for...

January 11, 2019
Books, Corporate Governance, Pension design, Regulation, , ,
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07Jan

Reversing Pension Privatization: Rebuilding Public Pension Systems in Eastern European and Latin American Countries (2000-18)

By Isabel Ortiz (United Nations - International Labour Organization (ILO); Initiative for Policy Dialogue), Fabio Duran (International Labour Organization (ILO)), Stefan Urban (United Nations - International Labour Organization (ILO)), Veronika Wodsak (United Nations - International Labour Organization (ILO)), Zhiming Yu (International Labour Organization) From 1981 to 2014, thirty countries privatized fully or partially their public mandatory pensions; as of 2018, eighteen countries have reversed the privatization. This report: (i) analyses the failure of mandatory private pensions to improve old-age income...

January 7, 2019
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07Jan

The Populist Backlash Against Europe: Why Only Alternative Economic and Social Policies Can Stop the Rise of Populism in Europe

By Bojan Bugaric (University of Sheffield, Department of Law) The European Union is facing an unprecedented political crisis. This club of liberal and democratic countries has been confronted by a nationalist and populist backlash that threatens the core principles at the very heart of the EU. Capitalizing on the European sovereign debt crisis, the backlash against refugees streaming in from the Middle East, public angst over the growing terror threat, and Brexit, previously fringe populist political parties are growing with...

January 7, 2019
Articles, Pension design, System Sustainability, , , ,
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December 2018

11Dec

Collecting and Transferring Pension Contributions

Collecting social security contributions is an important operational issue in all types of pension system. Many regimes are plagued by poor compliance and weak, inefficient administration. Some countries have tried to introduce an automatic incentive to contribute by moving systems closer to ‘actuarial fairness’, where pension benefits are more strictly related to individual contributions. Examples include the systems of individual accounts introduced in a range of countries in Latin America and Eastern Europe. But in these regimes, collecting and...

December 11, 2018
Articles, Regulation, Savings, Supervision, , ,
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10Dec

The Future of Ageing in Europe: Making an Asset of Longevity

By Alan Walker This book provides the most comprehensive analysis available of the challenges created by Europe’s ageing population. Grounded in state-of-the-art scientific assessments by leading European researchers, the book is strongly policy focused. Indeed this book contains a detailed account of the policies required across a broad field, from economic sustainability and extending working lives, to healthy ageing, technological innovation, long term care and political citizenship, for the successful adaptation to the challenges of ageing in Europe and globally....

December 10, 2018
Aging, Books, Labor Market, ,
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September 2018

14Sep

British Airways discharges £4.4bn in pension liabilities

Legal & General takes over responsibilities for 22,000 pensioners as airline tries to protect itself from higher costs in future British Airways has offloaded £4.4bn in pension liabilities to an insurance company in a bid to cap its pension responsibilities. Legal & General will effectively take over the liabilities for 22,000 British Airways pensioners in the largest deal of its kind in the UK. The aim of the “bulk annuity” deal is to protect British Airways from higher pension costs in...

September 14, 2018
News, Slider,
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13Sep

Population ageing in emerging Europe: Consequences and policy challenges

According to the 2018 Ageing Report, the EU will ‘turn increasingly grey’ in the coming decades. The latest projections reveal dramatic changes in the population structure up to 2070 in the EU and the central and eastern European countries (CEE-EU). For the EU, the size of the population is expected to be broadly unchanged, while for the CEE-EU it would fall considerably. For both, the population will be much older in the future, stemming from low birth rates, rising...

September 13, 2018
News, Slider
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