November 2019

25Nov

UK. University staff strike over pensions and pay

Students across the UK face disruption as lecturers and support staff in 60 universities start an eight-day strike. Members of the University and Colleges Union (UCU) are taking action in two separate disputes, one on pensions and one on pay and conditions. The strikes will affect almost half of all UK universities. The universities say strikes are not the way forward and promise to do all they can to minimise the impact of industrial action on students. In addition...

November 25, 2019
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25Nov

Leveraging AI To Accelerate Precision Health For Longevity

People over 50 are the fastest growing demographic group worldwide. This creates both opportunities and challenges for the global economy and healthcare systems. The Longevity Industry, which provides products and services for those aged over 50 is becoming a multi-trillion-dollar industry. There are currently 260 companies, 250 investors, 10 non-profits, and 10 research labs in the Longevity Industry in the UK alone. In the next decade, Longevity policies enacted by governments, and changes in the financial industry will transform...

November 25, 2019
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22Nov

The People’s Money: Pensions, Debt, and Government Services;Urban Agenda

By Michael A Pagano American cities continue to experience profound fiscal crises. Falling revenues cannot keep pace with the increased costs of vital public services, infrastructure development and improvement, and adequately funded pensions. Chicago presents an especially vivid example of these issues, as the state of Illinois's rocky fiscal condition compounds the city's daunting budget challenges. In The People's Money, Michael A. Pagano curates a group of essays that emerged from discussions at the 2018 UIC Urban Forum. The...

November 22, 2019
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22Nov

Essentials of Pension Economics

By Sergio Nisticò This Palgrave Pivot provides a concise overview of pension systems which, whether paid by governments or by private companies, are the sole source of income for millions of people around the world. By 2050, two billion elderly people will have to be ensured some form of income while, at the same time, the prospect facing younger generations is of a gloomy future. This book breaks down the jargon, investigates different designs and analyses these designs'...

November 22, 2019
Aging, Books, System Sustainability,
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22Nov

How Would 401(K) ‘Rothification’ Alter Saving, Retirement Security, and Inequality?

By Vanya Horneff, Raimond Maurer, Olivia S. Mitchell The US has long incentivized retirement saving in 401(k) and similar retirement accounts by permitting workers to defer taxes on contributions, levying them instead when retirees withdraw funds in retirement. This paper develops a dynamic life cycle model to show how and whether ‘Rothification’ – that is, taxing 401(k) contributions rather than payouts – would alter household saving, investment, and Social Security claiming patterns. We show that these changes differ importantly...

November 22, 2019
Articles, Pension design, Savings, ,
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22Nov

Calibrating Gompertz in Reverse: Mortality-adjusted (Biological) Ages around the World

By Moshe A. Milevsky This paper develops a statistical and methodological framework for inverting the Gompertz-Makeham (GM) law of mortality for heterogenous populations in a manner consistent with a compensation law of mortality (CLaM), to formally define a global mortality-adjusted (biological) age. It implements and calibrates this framework using rates from the Human Mortality Database (HMD) to illustrate its salience and applicability. Among other things, this paper demonstrates that when properly benchmarked, the global mortality-adjusted (biological) age of a...

November 22, 2019
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22Nov

Fiscal Incidence in Moldova: A Commitment to Equity Analysis

By Alexandru Cojocaru, Mikhail Matytsin, Valeriu Prohnitchi This paper uses methods developed by the Commitment to Equity Institute and data from the Household Budget Survey to assess the effects of government taxation and social spending on poverty and inequality in Moldova. The paper presents the first detailed distributional analysis of the tax and expenditure sides of the fiscal system, examining in particular the contribution of different taxes and transfers to poverty and inequality reduction in Moldova, as well as...

November 22, 2019
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22Nov

Comenzó la huelga en Colombia contra Iván Duque

Colombia vivirá este jueves la jornada de protestas más fuerte convocada hasta ahora contra el Gobierno del presidente Iván Duque, manifestaciones que ocurrirán en un momento de agitación social en América Latina lo que causa incertidumbre también en el país andino. Las centrales obreras y movimientos sindicales que llamaron a la protesta lo han calificado como “paro nacional” y se espera asistencia masiva en Bogotá y otras grandes ciudades como Medellín, Cali y Barranquilla. Según los convocantes, el Gobierno...

November 22, 2019
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22Nov

México. Afores vs Consar

Viene un choque de trenes. Todo indica que es inevitable un fuerte enfrentamiento entre las afores y la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). La manzana de la discordia es el nivel de reducción de las comisiones que proponen las afores. El pasado 14 de noviembre venció el plazo para presentar la propuesta de disminución para el siguiente año 2020 y la proyección para reducirlas anualmente durante el actual sexenio. Trascendió que en la Consar...

November 22, 2019
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22Nov

Chile. Super de Pensiones intensifica monitoreo sobre las AFP ante impacto en rentabilidad por crisis social

La Superintendencia de Pensiones (SP) informó este miércoles que ha intensificado las actividades de monitoreo habituales que realiza sobre la gestión de las administradoras de fondos de pensiones, dada la actual coyuntura y sus efectos sobre el comportamiento del mercado financiero local. Esto ha generado un aumento en la volatilidad de los precios de los instrumentos financieros y del tipo de cambio, lo que ha impactado la rentabilidad de corto plazo de los fondos de pensiones, precisó el organismo....

November 22, 2019
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