April 2019

UK. Tougher overseas pension regulations to impact advisers

Advisers must ensure they can still fully service new or existing clients who have transferred their UK pension into an overseas pension scheme following new rule changes, deVere Group has warned. This summer, the Malta Financial Services Authority (MFSA) is implementing new rules which will impact the way in which Pension Trustees administer both new scheme applications and existing members on a number of levels. There are estimated to be about 30,000 UK pensions already transferred into Malta-based Qualifying...

Opinion. Poland’s latest pension reform is good for the government, bad for savers

Recently announced reforms to Poland’s pension system are just the latest in a long line of changes made over the past eight years. Unfortunately, the majority of these have been motivated by short-term goals (either fiscal or political), without looking at the long-term stability of the pension system. Sadly, the current changes follow the same pattern. After lowering the retirement age to 65 (for men) and 60 (for women) and announcing discretionary one-off payments for pensioners before this year’s...

Economics and Ageing: Volume I: Theory

By Jose Luis Iparraguirre This upper level textbook provides a coherent introduction to the economic implications of individual and population ageing. Placing economic considerations into a wider social sciences context, this is ideal reading not only for advanced undergraduate and masters students in economics, health economics and the economics of ageing, but also policy makers, students, professionals and practitioners in gerontology, sociology, health-related sciences and social care. This volume introduces the different conceptualisations of age and definitions of `old age', as...

Inclusive Growth: The Global Challenges of Social Inequality and Financial Inclusion

By Howard Thomas, Yuwa Hedrick-Wong Inclusive growth ensures the benefits of a growing economy extend to all segments of society. Unleashing people’s economic potential starts with connecting them to the vital networks that power the modern economy. Implementing inclusive growth is a means of democratizing productivity and it is essential to reduce the widening gap between the wealthy and the poor in both developed and developing economies.   This book arose out of a research partnership between the Mastercard Center for...

Economics and Ageing: Volume II: Policy and Applied

By Jose Luis Iparraguirre This upper level textbook provides a coherent introduction to the economic implications of individual and population ageing. Placing economic considerations into a wider social sciences context, this is ideal reading not only for advanced undergraduate and masters students in economics, health economics and the economics of ageing, but also policy makers, students, professionals and practitioners in gerontology, sociology, health-related sciences and social care. This volume discusses the fiscal implications of ageing, health economics and long-term care. Fiscal...

Understanding Job Transitions and Retirement Expectations Using Stated Preferences for Job Characteristics

By Nicole Maestas (Harvard Medical School - Department of Health Care Policy), Kathleen J. Mullen (RAND Corporation), David Powell (RAND Corporation), Till Von Wachter (University of California, Los Angeles (UCLA) - Department of Economics), Jeffrey B. Wenger (RAND Corporation; American University - School of Public Affairs) As the population ages in the United States and other countries, encouraging older individuals to work would help counter increasing dependency ratios and improve national economic outcomes. Extending working lives is likely not simply...

Financial Inclusion in the Europe and Central Asia Region: Recent Trends and a Research Agenda

By Asli Demirguc-Kunt (World Bank), Bingjie Hu (World Bank), Leora Klapper (World Bank) Financial inclusion can help promote development. Inclusive financial systems allow people to invest in their education and health, save for retirement, capitalize on business opportunities, and confront shocks. In the Europe and Central Asia region, there is great variation in financial inclusion. In the euro area, most adults already own an account. Account ownership -- which is the first step of entry into the formal financial system...

Social Security Coverage Around the World: The Case of China and Mexico

By Francisco Perez‐Arce (Åbo Akademi University - Economics & Statistics), María Prados (University of Southern California), Erik Meijer (University of Southern California; RAND Corporation), Jinkook Lee (University of Southern California - Center for Economic & Social Research; Program on Global Aging, Health & Policy, Center for Economic & Social Research; RAND Corporation) We describe the current state and recent trends in the landscape of social security programs in China, Mexico, and India. A common thread across these countries is the...

France. Macron to cut taxes and raising pensions but matching with spending cuts

French President Emmanuel Macron has ordered that further cuts to income tax must be matched euro-for-euro by cuts in public spending to keep the budget deficit from spiralling out of control, his finance minister said on Friday. In his response to months of anti-government protests, Macron said late on Thursday that he would cut income tax further by 5 billion euros (£4.3 billion). "The president has set a principle of which I am the guarantor: each euro of decrease in income...

Emmanuel Macron recorta impuestos y sube pensiones para calmar a los “Chalecos amarillos”

Un Día D para el quinquenio del jefe de Estado francés. Después de que el incendio de la catedral de Notre Dame le arruinara el día de sus anuncios fundamentales, Emmanuel Macron enterró su discurso y eligió lo que nunca había hecho: explicar sus proyectos en la primera conferencia de prensa de su mandato en el Palacio del Eliseo, para recuperar una opinión pública decepcionada y unos Chalecos Amarillos que esperaban una respuesta, después de cinco meses de manifestaciones...