December 2021

Chile. Confirmado: Boric eliminará las AFP, dinero irá a fondo común obligatorio y no será heredable

A pocos días de la segunda vuelta del 19 de diciembre, el candidato Gabriel Boric del Partido Comunista y el Frente Amplio, reajustó su programa de Gobierno y confirmó que de llegar a La Moneda eliminará el sistema de las AFP, parte de los nuevos ahorros previsionales irán a un fondo común obligatorio y que los recursos no serán heredables, salvo en la modalidad de rentas vitalicias. Según expresó Gabriel Boric, tras reunirse con su consejo asesor, insistirá en cumplir...

E.U. Plan to Boost Gig Economy Workers Is Latest Blow to Apps

European Union plan to improve conditions for the growing number of gig economy workers could mean millions more of them are classified as employees entitled to benefits, the latest setback for digital platforms that rely on independent contractors to deliver food and offer rides. The draft rules outlined Thursday aim to clarify the labor status of people employed by app-based companies like ride-hailing service Uber and food delivery business Deliveroo and would add oversight for the algorithms they use to...

US. Senate democrats Call for End to Retirement Plan Discrimination Against Same-Sex Couples

A group of 45 Senate Democrats are urging the Treasury and the Internal Revenue Service to revise old guidance that permits retirement plans to discriminate against same-sex couples. Yesterday, U.S. Senator Patty Murray (D-WA), Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, Senator Ron Wyden (D-OR), Chair of the Senate Finance Committee, and 43 of their Senate Democratic colleagues sent a letter to Secretary of the Treasury Janet Yellen and Commissioner of the Internal Revenue Service Charles...

Nigeria. PenCom says 72,000 participants registered for Micro Pension Plan

The National Pension Commission (PenCom) has disclosed that 72,000 participants have been registered under the Micro Pension Plan (MPP) as at November 2021. This was disclosed by Head, Micro Pension Department, PenCom, Mr Dowda Ahmed, in an interview on Friday with NAN during the Pension Fund Operators Association of Nigeria (PenOp) Annual Media Parley in Lagos, themes, “Micro Pension – Challenges and Opportunities.” He also pointed out the category of people under the scheme. What PenCom is saying Ahmed stated that the scheme...

These Retirement Savers Are Making a Big Mistake

Investing for retirement is crucial to building a nest egg that can provide financial security in your later years. Unfortunately, many people who are investing are making a big mistake with the money they're saving for the future. In fact, recent research from Fidelity found around a quarter of all employees who are invested in workplace retirement accounts are taking on more risk than they should. Among the 24.2% of investors in 2021 who are over-exposed to risk, there's one generation that's...

Reforms of an Early Retirement Pathway in Germany and Their Labor Market Effects

By Regina T. Riphahn & Rebecca Schrader We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We investigate behavioral responses to the reforms using administrative data and difference-indifferences strategies. We find strong and...

Asset Allocation: Glide Path Design for Target Date Retirement Funds

By Thomas Present & Sharon Persyn In this thesis, we discuss and compare target date retirement fund strategies that have been used in recent literature. These strategies include the 100% equity, glide path, maximum drawdown, risk budget and target return strategy. We conduct sensitivity analyses in order to obtain optimal parameters for the different strategies. We first compare the strategies with rebalancing between two asset classes: equity (Russell 1000) as the risky asset and bonds (10Y US government bonds) as...

Artificial Intelligence and Big Data in the Age of COVID-19

By Francisco J. Bariffi & Julia M. Puaschunder The view that the COVID19 pandemic has set in motion profound changes in our modern societies is practically unanimous. The global effort to contain, cure, and eradicate COVID19 has been greatly benefited by the use, development and/or adaptation of technological tools for mass surveillance based on artificial intelligence and robotics systems. The management of the COVID19 pandemic yet has also revealed many shortcomings generated from the need to make decisions “in extremis”....

Análisis del sector informal y discusiones sobre la regulación del trabajo en plataformas digitales en el Ecuador

Por Karla Arias Marín, Paul Carrillo Maldonado & Jeaneth Torres Olmedo La informalidad es un fenómeno que afecta a muchas familias ecuatorianas. En 2018, se estimaba que el 72,6% de los trabajadores tenía un empleo informal; es decir, no contaba con un contrato legal y no aportaba a la seguridad social. Esta situación conlleva graves consecuencias para los trabajadores y sus familias, para las empresas y para la sociedad en general, por lo que debe constituir una prioridad de política...

Análisis de la pobreza multidimensional en los hogares de la agricultura familiar campesina en el Ecuador, 2009- 2019

Por Melany Morales & Andrés Mideros El artículo estudia la pobreza multidimensional en los hogares de la agricultura familiar y campesina (AFC), comparándolos con hogares a nivel nacional y rural. Se evidencia el aumento de la brecha de empobrecimiento de la AFC a lo largo del periodo. Más de la mitad de los hogares de la AFC presentan privaciones conjuntas en las cuatro dimensiones: educación; trabajo y seguridad social; salud, agua y alimentación; y hábitat, vivienda y ambiente sano. Las...