Review: Public Pension Plan Funding: Can We Honor the Promises Made?
By Marguerite Schneider (more…)
04Feb
February 2017
04Feb
The Economics of Air Pollution in China: Achieving Better and Cleaner Growth
By Ma Jun Full Content: J Stor
04Feb
Living Faithfully in an Unjust World: Compassionate Care in Russia
By Melissa L. Caldwell This simple inscription graces the elegant bronze sculpture of a dog, foot raised in the air to scratch his neck, that rests in the entrance to Moscow’s Mendeleevskaia metro station. The dog commemorated in the sculpture was a stray, or more specifically, one of Moscow’s metro dogs, a uniquely Russian breed of canine that travels the city on public transportation, often snoozing undisturbed on subway and bus seats, and surviving on the food and makeshift shelters...
04Feb
Privatizing Pensions: The Transnational Campaign for Social Security Reform
By Mitchell A . Orenstein Most Americans know of President George W. Bush’s 2005 proposals for new pension reforms to privatize Social Security, but few are aware of a conversation that took place on September 11, 1997, between then Texas Governor Bush and José Piñera, a former Chilean Secretary of Labor and Social Security. Piñera is an internationally known advocate of private, individual pension savings accounts who led the effort to replace Chile’s social security system with individual accounts in...
04Feb
Retirement delay unified or differentiated: based on the interaction between pension deficit and labor market
By Zou Tieding & Ye Hang The pension deficit has been rapidly enlarging for more than a decade. If the retirement age is set at a low level, it might trigger a pensions crisis. Since the average life span of the Chinese has extended from 71 to 76 years old in last ten years, the feasibility of rising the retirement age has also been promoted. Methods: This paper aims to construct a mathematical model for choosing a proper policy about...
04Feb
Can a small social pension promote labor force participation? : evidence from the Colombia mayor program
By Tobias Pfutze & Carlos Rodríguez-Castelán Full Content: EconBiz
04Feb
International Best Practices in Pension Supervision
By Thomas Power Pension funds must be operated solely for the benefit of participants. Regulator must be strong and politically independent; Laws must focus on safety and soundness; There is no one size fits model including the EBRD Three-Pillar model. Full Content: EconBiz
04Feb
How does pension eligibility affect labor supply in couples?
By Rafael Lalive & Parrotta Pierpaolo Many OECD countries are reforming their pension systems. We investigate how pension eligibility affects labor supply in couples. Inspired by a theoretical framework, we measure how the sharp change in the pension eligibility of both partners affects labor force participation. We find that both partners leave the labor force as they become eligible for a pension. The effect of their own pension eligibility is 12 percentage points for women and 28 percentage points for...
04Feb
Stress Tests for Defined Benefit Pension Plans: A Primer
By Gregorio Impavido Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests and illustrate their strengths and weaknesses. Using an Excel-based template with institution-specific data, readers are walked through the basics of liability valuation and stress testing of assets and liabilities of a typical defined benefit plan. Full Content: EconBiz
04Feb
Pension supervision: understanding international practice and country context
By Richard P. Hinz & Anca Mataoanu (more…)