December 2019

03Dec

European Union’s Finance Ministers are confidentially opposing the ECB’s negative rates monetary policy

European Union's Finance Minister opposed ECB's negative rates policy in a confidential meeting. Negative rates have started to hurt the savings and pensions systems. Monetary policy’s banking transmission channels may also be threatened. Fabio Panetta says the benefits of low-rates policy outweigh the risks for now. Forex market has not responded lucratively to the recent proceedings at the ECB. President Trump has reiterated his support for the European Central Bank’s (ECB) negative rates policy on multiple occasions. Following the...

December 3, 2019
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02Dec

Crisis climática, ¿oportunidad o riesgo? Los inversores empiezan a mirar al ‘oro azul’

La conciencia sobre la importancia del cambio climático ha empezado a arraigar también entre la comunidad inversora. Tanto es así que, mientras proliferan los fondos sostenibles que solo invierten en compañías comprometidas con los parámetros ESG, las empresas han comenzado a incluir en sus folletos continuados y demás documentación los riesgos y el impacto que tiene en su negocio esta cuestión. Tanto es así que hasta el Banco Central Europeo ha decidido incluir el riesgo por el cambio climático...

December 2, 2019
Noticias, Uncategorized
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02Dec

Incertidumbre en Chile tras 45 días de una crisis social sin tregua

Hace 45 días explotó la peor crisis social que ha vivido Chile en tres décadas. Marchas multitudinarias y violencia en las calles se convirtieron en una encerrona para el poder político que ha respondido a un reclamo heterogéneo con gestos insuficientes para los demandantes. La convocatoria este domingo es para una marcha en la tarde hacia la casa del presidente Sebastián Piñera, que celebra sus 70 años. Luego, al final de día, se buscará reunir a miles de personas...

December 2, 2019
Noticias,
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02Dec

Conoce las demandas populares en las protestas de Colombia

Este viernes se cumplió el noveno día de protestas en Colombia, cuyas organizaciones sociales y diversos movimientos de la ciudadanía se han movilizado para rechazar las políticas neoliberales impuestas por el Gobierno que preside Iván Duque. Representantes y dirigentes de movimientos ciudadanos, junto a líderes indígenas, se han movilizado en los últimos días para exigir al ente gubernamental el respeto a sus derechos y mejoras sociales. Algunas de las razones que sirven de argumento para las manifestaciones son los...

December 2, 2019
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02Dec

UK. The Gap Between Male and Female Retirement Savings Is Astounding

Saving for retirement is crucial. Without independent savings, you risk struggling financially during your golden years. And when you think about the expenses you'll face when you're older, it's easy to see why. Read also UK. Digital Bank Revolut Partners With Smart Pension to Offer Business Pensions Functionalities Even if you manage to pay off your mortgage in time for retirement, you'll still need to cover other homeownership costs like property taxes, insurance, and upkeep. And while you won't have...

December 2, 2019
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02Dec

French cabinet in Sunday crisis meeting ahead of 5 December strike

The French cabinet has met in a Sunday crisis session convened by Prime Minister Edouard Philippe to discuss tactics in the face of Thursday's nationwide strikes against proposals to reform retirement and pension legislation. With a series of strikes planned in key sectors like transport and teaching, the government has already held a number of meetings to thrash out a common strategy to defend reforms – described as "essential" by President Emmanuel Macron. On Friday, several ministers met to...

December 2, 2019
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02Dec

UK. Life expectancy advice risks turning savers into spenders

Online calculators that tell people their life expectancy may be having the perverse effect of discouraging them from choosing a guaranteed income in retirement, according to academic research. The study of 2,000 people found that they were less likely to buy an annuity — a guaranteed income for life — after using official life expectancy calculators such as that on the government’s Pension Wise service. People appeared to be making decisions that conventional economics could not explain when confronted...

December 2, 2019
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02Dec

US. Washington state pension fund’s lawsuit against corrupt Brazilian conglomerate allowed to proceed

The Washington State Investment Board, which oversees $141.8 billion for 17 state retirement plans, can move forward with a lawsuit that seeks to recover millions of dollars from a soured investment in a Brazilian conglomerate that was discovered to be engaged in an international bribery scandal of unprecedented scale. The company, Odebrecht, was the target of a fraud probe by the Department of Justice that resulted in a $4.5 billion plea deal in 2016. The feds found Odebrecht created...

December 2, 2019
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November 2019

29Nov

The Future of Pension Plans in the EU Internal Market: Coping with Trade-Offs Between Social Rights and Capital Markets

By Nazaré da Costa Cabral, Nuno Cunha Rodrigues This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level...

November 29, 2019
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29Nov

The Effect of Aging on the Age-wage Profile

By Toshikatsu Inoue Despite its importance, many macroeconomic models do not capture the changes in the age-wage profile over time. The flattening of the age-wage profile in Japan and the relative increase in the aging workforce suggests the existence of demand law in relative labor inputs and wages of each age, which is abstracted from the standard macroeconomic model. In this study, we build a model using the aggregate production function that creates a downward slope labor demand curve....

November 29, 2019
Aging, Articles, Labor Market, , ,
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