April 2018

Pensions: More Information, Less Ideology : Assessing the Long-Term Sustainability Ofeuropean Pension Systems : Data Requirements, Analysis and Evaluations

By Tito Boeri,‎ Axel Borsch-Supan,‎ Agar Brugiavini,‎ Richard Disney,‎ Arie Kapteyn &‎ Franco Peracchi Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these reforms - as they typically do not alter the unfunded nature of public welfare arrangements and this uncertainty is itself...

Political Preferences and the Aging of Populations: Political-economy Explanations of Pension Reform

By Oliver Pamp Oliver Pamp analyzes the likelihood and extent of pension reforms from a political-economy perspective. It is shown that voters’ preferences for or against reforms are influenced by a societies’ demographic development, the generosity of its existing public pension scheme and its electoral system. The author extensively reviews existing formal models of pension systems, discusses their merits and limitations, and develops a three-period overlapping generations model. The model’s insights regarding individual reform preferences are then put into the...

Pensions: Backgrounds, Trends and Issues

By Henry J. Mullen This text examines the extent to which pension plans invest in hedge funds and private equity, the potential benefits and challenges of hedge fund investments, the potential benefits and challenges of private equity investments, and what mechanisms regulate pension plan investments in hedge funds and private equity. Get the book Here!

Petitioning and the Making of the Administrative State

By Maggie McKinley (University of Pennsylvania Law School) The administrative state is suffering from a crisis of legitimacy. Many have questioned the legality of the myriad commissions, boards, and agencies through which much of our modern governance occurs. Scholars such as Jerry Mashaw, Theda Skocpol, and Michele Dauber, among others, have provided compelling institutional histories, illustrating that administrative lawmaking has roots in the early American republic. Others have attempted to assuage concerns through interpretive theory, arguing that the Administrative Procedure...

The Return to Work and Women’s Employment Decisions

By Nicole Maestas (Harvard Medical School - Department of Health Care Policy) It is well documented that individuals in couples tend to retire around the same time. But because women tend to marry older men, this means many married women retire at younger ages than their husbands. This fact is somewhat at odds with lifecycle theory that suggests women might otherwise retire at later ages than men because they have longer life expectancies, and often have had shorter careers on...

How a New Bond Can Greatly Improve Retirement Security

By Adam Kobor (New York University (NYU)) & Arun Muralidhar (AlphaEngine Global Investment Solutions; George Washington University) There is a growing retirement crisis and most of the focus has been on the fact that individuals are not saving enough for retirement, may not have access to pension schemes, or are financially illiterate. However, the bigger issue might be that the assets/financial products available to investors, including those that offer legal protection to plan sponsors, may not be appropriate for the typical...

March 2018

Sistema estatal de pensiones en Colombia: solución rápida de corto plazo

En Colombia se capturó a un grupo de delincuentes que estafaba a ciudadanos para hacerles el cambio del sistema de pensiones privado al estatal, así no cumplieran los requisitos. Incluso la actual ministra de Trabajo forma parte de los estafados. Si bien, esto nos podría dar la excusa de abordar la cantidad de delitos que se cometen cuando de recursos estatales se trata (algunos de los integrantes de la banda eran funcionarios) o de reflexionar sobre el sistema de prima...

México. Advierten falta de pensión

En México, 70 por ciento de la Población Económicamente Activa (PEA), no cuenta con pensión contributiva, según información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). La pensión contributiva es aquella que se conforma con recursos aportados durante la vida laboral del trabajador. En México, las aportaciones provienen del trabajador, de su patrón y del Estado y se depositan en las cuentas individuales que manejan las Administradoras de Fondos de Ahorro para el Retiro (Afores). Lee más en...

China. 5 major changes set for pension insurance system

China's urban and rural residents pension insurance system, covering more than 500 million people, will meet five major changes, four years after it was established in 2014, according to a report by chinanews.com. The Ministry of Human Resources and Social Security and the Ministry of Finance released a guideline on Monday, indicating that the urban and rural residents pension insurance system, having not been established for a long time, still has some problems and needs to be improved. The security level...