April 2019

22Apr

Brazil. Commission Resumes Opinion Review on Pension Reform on Tuesday

The Commission for the Constitution and Justice (CCJ) of the Chamber of Deputies will resume this Tuesday (April 23rd) the examination of the rapporteur’s opinion, Delegate Marcelo Freitas (PSL-MG), on pension reform. Pressed by parties of the ruling base, the parliamentarian may present a complementation. “What we are trying to work on is the construction of a consensus that allows us to discuss a final text that serves the interests of Brazilian society without dismissing the text proposed by...

April 22, 2019
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22Apr

Canada. Pension protection should be federal priority

With a budget light on details, federal government has an opportunity to protect pensioners Pension protection for Canadians is long overdue. When a company becomes insolvent and its pension is underfunded, pensioners are powerless to intervene and secure their pensions. Sears, Nortel and other corporate pensioners experienced sharp reductions in their annual pension income after those companies failed. In March of this year, Imperial Tobacco filed for protection under the Companies’ Creditors Arrangement Act (CCAA). Yet another group of...

April 22, 2019
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22Apr

Chilean Government Introduces New Cryptocurrency and Fintech Regulation Bill to Congress

The Minister of Finance of the Chilean government Felipe Larraín announced the introduction of a bill regulating cryptocurrencies and fintech to Congress, Cointelegraph Spain reported on April 15. During his recent stay in the United States, Larraín reportedly noted that the requirements introduced by the new regulation will be proportional to businesses. He explained that the rules will take into account that various companies have different business models, and deliver different services that imply different risks for the users...

April 22, 2019
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22Apr

Cyber Security: 15th International Annual Conference, CNCERT 2018, Beijing, China, August 14–16, 2018, Revised Selected Papers

By Xiaochun Yun, Weiping Wen, Bo Lang, Hanbing Yan, Li Ding, Jia Li, Yu Zhou This open access book constitutes the refereed proceedings of the 15th International Annual Conference on Cyber Security, CNCERT 2018, held in Beijing, China, in August 2018. The 14 full papers presented were carefully reviewed and selected from 53 submissions. The papers cover the following topics: emergency response, mobile internet security, IoT security, cloud security, threat intelligence analysis, vulnerability, artificial intelligence security, IPv6 risk research, cybersecurity...

April 22, 2019
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22Apr

Blockchain in Healthcare: Innovations That Empower Patients, Connect Professionals and Improve Care

By Vikram Dhillon, John Bass, Max Hooper, David Metcalf, Alex Cahana Blockchain technology is poised to revolutionize more than just payment and crypto-currency. Many vertical industries will be reshaped by the new trusted data models enabled and inspired by the blockchain - healthcare is no exception. In fact, healthcare may hold the greatest opportunities for meaningful use of the technology. Early pioneers have explored some of the first use cases for medical payments, electronic health records, HIPAA/data privacy, drug counterfeiting,...

April 22, 2019
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22Apr

Fair Pensions

By Ilja Boelaars (University of Chicago) & Dirk Broeders (De Nederlandsche Bank; Maastricht University) This paper examines the allocation of market risk in a general class of collective pension arrangements: Collective Defined Contribution (CDC) schemes. In a CDC scheme participants collectively share funding risk through benefit level adjustments. There is a concern that, if not well designed, CDC schemes are unfair and will lead to an unintended redistribution of wealth between participants and, in particular, between generations. We define a...

April 22, 2019
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22Apr

An Economic Analysis of Intra-governmental Account Transfers: Social Security and Public Infrastructure in Japan

By Yoshimi Adachi (Konan University - Department of Economics) & Tomoki Kitamura (Tohoku Gakuin University; NLI Research Institute, Finance Research Group) In the context of limited local government resources, it is often targeted to secure financial resources for social security expenditures for the aging society and upkeep expenditures against the aging of public infrastructure facilities. This paper examines whether transfers from general accounts to special accounts and public enterprise accounts have a significant impact on the financial burden of local...

April 22, 2019
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22Apr

The Effect of Pension Subsidies on the Retirement Timing of Older Women: Evidence from a Kink Design in Germany

By Han Ye (University of Mannheim; IZA) I estimate the effect of additional pension benefits on women’s retirement decisions by examining a German pension subsidy program for low-pay workers. The subsidies have a kinked relationship with the recipients’ past contributions, creating a sharply different slope of benefits for similar women on either side of the kink point. I find that a 100 euro increase in the monthly benefit induces female recipients to claim their pensions eight months earlier. A back-of-the-envelope...

April 22, 2019
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19Apr

La ciudad de jubilados que encarna el Brasil del futuro

Inácio Geraldo tiene 70 años y regenta un bazar en la ciudad brasileña de Nova Petrópolis. Se jubiló a los 55, tras haber cotizado durante casi cuatro décadas, pero nunca se le pasó por la cabeza dejar de trabajar. “Tengo ganas de seguir [trabajando] todo lo que pueda. Uno no puede vivir solo de la jubilación, por eso sigo guardando un dinerito para cuando ya no pueda continuar con la tienda”, dice. Esta ciudad de Río Grande del Sur, en el sur...

April 19, 2019
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19Apr

Banco de España: Las reformas harán que el gasto de los pensionistas caiga “sustancialmente”

Las reformas aplicadas al sistema de pensiones provocarán que tanto el gasto de los pensionistas como su nivel de bienestar registren una caída "sustancial", según el Banco de España. Un hecho que tendrá, a su vez, efectos negativos sobre el conjunto de la economía. "Las preocupaciones sobre la sostenibilidad financiera y el envejecimiento proyectado de la población han llevado a un renovado interés en los sistemas de pensiones". Así comienza el último estudio del Banco de España en el que analiza los efectos de las políticas de...

April 19, 2019
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