May 2023
05May

Developments in the Economics of Aging (National Bureau of Economic Research Conference Report)

By David A. Wise  The number of Americans eligible to receive Social Security benefits will increase from forty-five million to nearly eighty million in the next twenty years. Retirement systems must therefore adapt to meet the demands of the largest aging population in our nation’s history. In Developments in the Economics of Aging, David A. Wise and a distinguished group of analysts examine the economic issues that will confront policy makers as they seek to design policies to protect the...

May 5, 2023
Aging, Books, Books,
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05May

International Comparison of Pension Systems: An Investigation from Consumers’ Viewpoint

By Hongmu Lee, Gianni Nicolini & Man Cho  A secure and adequate pension system is central to establishing a welfare state. Given that, this book aims to document a set of diverse Public policy issues on the financial consumers standpoint that are observed in different countries. In this introductory chapter, we attempt to summarize those policy issues that emerged from the survey of the countries included with respect to each of the three dimensions- adequacy, coverage, and sustainability.   Book "here"

May 5, 2023
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05May

Pension Reform: Conceptual Foundations and Practical Challenges

By Seamus H. Duffy & Oliver Giesecke Underfunded pension are the largest liability for state and local governments across the United States. As a result of increasing recognition of the associated risks, recent statutory funding mandates led to a sharp increases in required contributions, threatening city services and employee bases. As funding pressure mounts, pension reforms offer a viable tool for prudent economic policy. We propose five general principles that guide pension reform considerations and discuss how these principle stand...

May 5, 2023
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05May

The Limited Role of Intergenerational Transfers for Understanding Racial Wealth Disparities

By John Sabelhaus & Jeffrey P. Thompson Transfers of wealth between generations—whether through inheritances or inter vivos gifts—are less important in explaining racial disparities in wealth than might be expected. While this factor looms large in the media’s discussions of racial inequality, it explains relatively little of the disparities evident in the data. One reason is that most people, regardless of race, receive no inheritance or other transfer of substantial value. In addition, most recipients of inheritances ultimately consume those...

May 5, 2023
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05May

The Effects of Non-Contributory Pensions on Material and Subjective Well Being

By Rosangela Bando, Sebastian Galiani & Paul Gertler Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pension 65 program in Peru, which uses a poverty eligibility threshold. We find that the program reduced the average score of beneficiaries on the Geriatric Depression Scale by nine percent...

May 5, 2023
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05May

México. ¿Afores deben cumplir con ESG?

En México existen más de 72 millones de cuentas de ahorro que administran más de 5.3 billones de pesos, de acuerdo con datos de la Consar, además las Afores son el mayor inversionista institucional de México, pero, ¿también deben cumplir con las prácticas y criterios ESG? La Consar lanzó un mensaje donde invitan a las Afores a tomar acción inmediata y forjar políticas que implementen los criterios ESG en sus operaciones y sigan los principios de inversión responsable de la...

May 5, 2023
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05May

En Colombia una de cada cuatro personas logra obtener una pensión

Sobre el actual panorama de las pensiones en Colombia, el socio líder de Legal de BDO en Colombia, Iván Vegas Molina, dio a conocer que la falta de cobertura es uno uno de los principales problemas que afronta el país. De acuerdo con el experto, “se sabe que en Colombia una de cada cuatro personas logra obtener una pensión. Eso significa que los pensionados son muy pocos y que tenemos a muchas personas por fuera del sistema al final de...

May 5, 2023
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05May

El Salvador. Docentes exigirán en las calles jubilación digna

Los docentes saldrán a las calles de San Salvador el próximo 26 de mayo para exigir al Gobierno de Nayib Bukele, una jubilación digna tras reiterar su desacuerdo con la nueva Ley de Pensiones, aprobada con el partido oficialista Nuevas Ideas. Ayer, el Sindicato de Maestros y Maestras de la Educación Pública (SIMEDUCO) y Bases Magisteriales convocaron a los docentes a participar de una "marcha negra" que partirá desde la Plaza Divino Salvador del Mundo a las 8:00 a. m....

May 5, 2023
Noticias, Noticias,
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05May

US. Auto-Enrollment Gains in Popularity Among Retirement Plan Participants

Automatic enrollment, one of many retirement saving tactics expected to increase in frequency due to the passage of the SECURE 2.0 Act of 2022, are favored at an all-time high, new data from American Century shows. Among retirement plan participants surveyed in late 2022, 71% agreed employers should auto-enroll workers at a 10% default, compared with 47% in 2021 and 46% in 2020, according to the American Century Investments 10th Annual Retirement Savers Survey: Reflection, Risk and Resolve. While survey respondents...

May 5, 2023
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05May

Swedish watchdog to scrutinize Alecta over U.S. bank investments

Sweden's financial watchdog will investigate Stockholm-based pension fund Alecta's risk management in the wake of its investments in collapsed U.S. banks. Finansinspektionen, the Financial Supervisory Authority of Sweden, will in particular investigate how Alecta measures risks in various investments, the watchdog said in a notice Thursday. The starting point for its investigation is the 1.12 trillion Swedish kronor ($108.4 billion) pension fund's investments in Silicon Valley Bank, First Republic Bank and Signature Bank. The pension fund had a total 12 billion...

May 5, 2023
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