September 2019

23Sep

UK. Universities: we fight for security and pensions

Philip Inman gave a misleading account of the University and College Union’s campaigns to defend university pensions and fight for job security and a manageable workload (“Academics are fighting the wrong battle over pensions”, Business). It is not correct to suggest that we are focusing on the fight to save our pension scheme at the expense of seeking better working conditions and more secure contracts for university staff, especially junior staff. In fact, UCU and its predecessor unions have...

September 23, 2019
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23Sep

Australia. Indexation brings age-pension bonus for retirees

All pensioners, whether they receive a full or part pension, will receive one if not two pension bonuses this month. They will receive more on a fortnightly basis as a result of Friday’s indexation of the pension rates and thresholds. The maximum single age pension has increased by $7.20 a fortnight to $933.40 and, for couples, to $703.50 a fortnight each. Department of Human Services general manager Hank Jongen said that the first payments to include the indexation increase...

September 23, 2019
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20Sep

Response of the IMF and the World Bank: to the Great Recession and the Euro Sovereign Crisis in a Globalising World

By Tankiso. A Thibane The book focuses on two international institutions, namely; the International Monetary Fund (IMF) and the World Bank that were established more than seventy years ago. It examines their role during two main post-war global financial crises in a globalising world. This is because, in the currently globalised world, there are risks of a crisis spreading to other countries, particularly if there is no rapid intervention from international institutions. A brief discussion on the history of...

September 20, 2019
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20Sep

Family and Government Insurance: Wage, Earnings, and Income Risks in the Netherlands and the U.S.

By Mariacristina De Nardi Giulio, Fella Marike Knoef, Gonzalo Paz-Pardo Raun Van Ooijen We document new facts on the distributions of male wages, male earnings, and household earnings and income (before and after taxes) in the Netherlands and the United States. We find that, in both countries, wages display rich dynamics, including substantial asymmetries and nonlinearities by age and previous earnings levels. Individual-level male wage and earnings risk is relatively high for younger and older people, and for...

September 20, 2019
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20Sep

Old-Age Poverty: The Household Perspective; A Microsimulation Approach of Pension Entitlements in Germany

By Sebastian Finkler Providing a decent living standard and preventing old-age poverty are the two major challenges of pension insurance schemes. Replacement rates below the poverty line despite many years of contribution represent a major challenge for public pension schemes with respect to the systems 'raison d’être'. The focus of the present paper turns away from individual perspective and considers household retirement incomes in the light of analysing old-age poverty and designing (minimum) pension policies. Using household survey and...

September 20, 2019
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20Sep

The Development of Social Security in China

 By Gao Zexin, Mario Arturo Ruiz Estrada, Aslam Mohamed, Minsoo Lee Over the past 60 years, the social security system has continued to advance with the development of the economy. Especially since China’s Reform and Opening-up, the role and status of social security have become more and more prominent. With the evolution of value concepts and the transformation of the system interacted with each other, China's social security has embarked on a complicated track of establishing and reform. In...

September 20, 2019
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20Sep

Por qué el 20 de septiembre se celebra el día del jubilado en la Argentina

Todos los 20 de septiembre en la Argentina es el día del jubilado, también conocido como trabajador pasivo. Se trata de una fecha que reconoce a todas las personas que dejaron de trabajar debido a la edad. Para poder jubilarse se toman en cuenta los años de trabajo con aportes y la edad de la persona. En general, las mujeres deben tener 60 años y 65 los hombres y haber aportado durante 30 años. Sin embargo, esto puede variar...

September 20, 2019
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20Sep

El modelo dominicano de pensiones

En recientes semanas, hemos visto algunos artículos críticos sobre el sistema de pensiones de República Dominicana. Algunos han señalado que el monto proyectado de pensiones sería, a su juicio, insuficiente para cubrir las necesidades de la vejez, a la vez que cuestionan la eficacia y conveniencia del modelo dominicano en la materia. Para empezar la revisión de este tema, es menester señalar que, a grandes rasgos, hay dos sistemas de pensiones utilizados a nivel mundial: el de beneficio definido,...

September 20, 2019
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20Sep

Croatian government backs down over pension reform

Croatia’s government has backed down over plans to increase the pensionable age from 65 to 67. The announcement came right after several trade unions asked people to take the streets to force the government to hold a referendum and to consider the 700,000 signature collected under the initiative 67 is too much. Prime Minister Andrej Plenković said the government will present a bill on amendments to the Pension Insurance Act which will “respect the will of citizens.” However, it...

September 20, 2019
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