By Juan Medina, Michael Pedersen & Gerardo Reyes Emerging economies face long-run fiscal sustainability challenges associated with demographic change and the productive capacity of commodity sectors. Population aging can weaken labor supply growth, constrain tax bases, and increase age-related public expenditures, while declining productivity in non-renewable sectors may further limit fiscal capacity and economic growth. […]

By Aleksandar Andonov, Kristy Jansen & Joshua D. Rauh Long-maturity Treasury issuance reduces government rollover risk but depends on investors with structural demand for duration. We examine whether U.S. public pension funds, a $7 trillion sector, provide such demand, as is often presumed given their liabilities. Using security-level holdings, we show that Treasuries account for […]

Por Walter Guevara Household surveys that ask about private transfers rarely separate support sent from abroad from the broader category of economic support a household may receive. Mexico’s National Survey of Occupation and Employment (ENOE) contains both items. This note documents that the two move in opposite directions over 2008-2026, and that the difference is […]

Millions of state pension holders will now receive a less generous retirement income as a result of changes announced by Prime Minister Andy Burnham at the 2026 Labour Party conference. The pivot, which will mean the state pension “triple lock” will be downgraded to a “double lock,” comes after intense pressure from across the political […]

Large institutional investors are moving in different directions this week as the month draws to a close, according to Goldman Sachs’s trading desk. U.S. pension funds are projected to sell approximately $33 billion in stocks as September ends, Goldman Sachs said in a note Monday. This selling flow ranks in the 98th percentile of the […]

With foreign funding for healthcare declining, pension funds and other domestic investors have been urged to put more money into Nigeria’s healthcare sector to help close the country’s growing financing gap. The call was made at a private markets and healthcare roundtable organised by HealthCap Africa in Lagos, where pension fund managers, regulators, development finance […]

French centre-right presidential candidate Edouard Philippe proposed on Tuesday raising the retirement age to 65 and making private pension savings compulsory, tackling one of France’s most ​politically explosive issues. Pension reform is highly sensitive in France, where ‌workers rely on a public, pay-as-you-go system funded by current contributions, and private retirement savings remain voluntary and […]