September 2020

15Sep

Digital financial services

By World Bank Access to affordable financial services is critical for poverty reduction and economic growth. Countries with deeper, more developed financial systems enjoy higher economic growth and larger reductions in poverty and income inequality. Access to financial services also increases opportunities and resilience for the poor, particularly women. Despite this, 65 percent of adults in the world’s poorest economies lack access to even the most basic transaction account that would allow them to send and receive...

September 15, 2020
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15Sep

Demographic Obstacles to European Growth

By Thomas F. Cooley, Espen Henriksen, Charlie Nusbaum Since the early 1990's the growth rates of the four largest European economies -- France, Germany, Italy, and the United Kingdom -- have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining fertility have led to gradually aging populations. Growth accounting identifies the following five sources of economic growth: total factor productivity, capital deepening, labor supply on...

September 15, 2020
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15Sep

(Mis)Allocation Effects of an Overpaid Public Sector

By Tiago Cavalcanti, Marcelo Rodrigues Santos There is a large body of evidence showing that for many countries the structure of wages and pensions and the labor law legislation are different for public and private employees. Such differences affect the occupational choice of agents and might generate some type of misallocation. We develop a life-cycle model with endogenous occupational choice and heterogeneous agents to study the implications of an overpaid public sector. The model is estimated to be consistent...

September 15, 2020
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15Sep

The Quality of Employment (QoE) in Nine Latin American Countries: A Multidimensional Perspective

By Kirsten Sehnbruch This paper proposes a methodology for measuring the quality of employment from a multidimensional and public policy perspective in Latin American developing countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, and Uruguay) using household and labor force survey data from 2015. The purpose of this paper is to demonstrate that the QoE can be measured using a multidimensional methodology that can inform policy makers about the state of their labor markets in a way...

September 15, 2020
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15Sep

MetLife to Face Appeal of Suit Over $500 Million Annuity Error

A group of MetLife Inc. investors will ask Delaware’s top court to revive oversight claims over the insurer’s practice of downplaying its liabilities by counting pensioners as dead if they didn’t respond to its letters, instead of consulting official records. The lawsuit, dismissed by a Chancery Court judge in August, concerned MetLife’s “pension risk transfer” operations, a long-running business line that involves managing pension obligations for employers. The insurer for decades based its annuity payments on letters sent to...

September 15, 2020
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15Sep

UK. Government encourages pension schemes to invest in green tech and infrastructure

Measures aimed at encouraging pension schemes to invest in a more diverse range of long term assets, including green technology and infrastructure, have been outlined by the government. It has launched a consultation and is seeking views on additional steps to encourage the consolidation of smaller pension schemes into larger schemes. The government believes a key wider benefit of an increase in consolidation could be the increased share of assets saved in large, defined contribution (DC) schemes potentially able to...

September 15, 2020
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15Sep

Australia. Aged care workforce stressed and under pressure

Most Australian aged care managers reported an increased workload and stress in a recent survey, as industry experts warned immediate action is needed to stop staff walking away. A survey of more than 250 residential aged care providers by risk and compliance advisors CompliSpace found 78 per cent of managers felt under more stress and 92 percent were doing more paperwork since the introduction of the Aged Care Quality Standards. CompliSpace chief executive officer David Griffiths said the sector...

September 15, 2020
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14Sep

La banca digital en América Latina: mejores prácticas y el giro hacia la banca como servicio

Por Master Card Dado que América Latina actualmente registra una penetración del 55% en cuentas bancarias, del 19% en tarjetas de crédito1 y de más del 70% en smartphones2 , los bancos nunca habían tenido una oportunidad tan palpable como ahora de aprovechar el canal móvil para servir a una población crónicamente desatendida en lo que respecta a los servicios financieros. En los últimos cinco años, la banca de América Latina se ha enfrentado a una transformación masiva, desencadenada...

September 14, 2020
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14Sep

La Estrategia de Desarrollo de los Sistemas de Seguridad Social de la OIT. El Papel de los Pisos de Protección Social en América Latina y el Caribe.

Por Helmut Schwarzer, Pablo Casalí, Fabio Bertranou El presente informe se sustenta en la investigación y asistencia técnica en materia de protección social en América Latina y el Caribe realizadas por especialistas de la Oficina regional y del Departamento de Protección Social de la OIT, emplea indicadores publicados en el World Social Protection Report 2014/15, y presenta los resultados de los debates y las contribuciones de los miembros del Grupo Interagencial, a quienes agradecemos sus valiosos aportes....

September 14, 2020
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14Sep

El régimen jurídico del ingreso económico de los trabajadores de la tercera edad en México

Por Carlos Reynoso Castillo Los trabajadores de la tercera edad se enfrentan a una serie de problemas graves. Uno de ellos, tal vez el principal, es el de satisfacer las necesidades de un asalariado que ha dejado de serlo. Uno de los objetivos de la política mexicana en la materia ha sido el de asegurar a los trabajadores en edad avanzada un ingreso económico que les permitan o sólo conservar su autonomía sino también vivir en condiciones convenientes. Este...

September 14, 2020
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