August 2018

11Aug

Behavioral Household Finance

John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian NBER Program(s):Aging, Public Economics This chapter provides an overview of household finance. The first part summarizes key facts regarding household financial behavior, emphasizing empirical regularities that are inconsistent with the standard classical economic model and discussing extensions of the classical model and explanations grounded in behavioral economics that can account for the observed patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The second part...

August 11, 2018
Articles, Investing, Savings
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10Aug

México. CESOP analiza desigualdades de trabajo

El Centro de Estudios Sociales y de Opinión Pública (CESOP) de la Cámara de Diputados señaló que de 2010 a 2018 se fomentó el empleo para personas con secundaria completa. En un comunicado, indicó que ese sector representa el 34.23 por ciento del total de personas beneficiadas, mientras que quienes cuentan con nivel de educación media superior y profesional constituyen 24.17 por ciento. En el documento “La respuesta institucional al problema del mercado de trabajo. Evaluación de diseño al Programa de...

August 10, 2018
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10Aug

Chile. Pensiones de inmigrantes: Aporte a la AFP sería de US$1.500 millones en 5 años y 30% lo hace por menos del sueldo mínimo

El interés del gobierno por regularizar la situación de los extranjeros que arriban al país no sólo se está llevando adelante en la entrega de visas por el tiempo de residencia, sino que también en el área previsional. A finales del pasado mes de julio comenzó la segunda etapa del proceso de regularización de migrantes que se extenderá por un año. Sin embargo, así como el Estado impone exigencias para su estadía, cada cierto tiempo los migrantes reflotan la petición...

August 10, 2018
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10Aug

Australian inquiry hears top pension fund defend ad spend, NAB apology

Australia’s largest pension fund on Thursday defended using members’ money to bankroll a marketing campaign that depicted the country’s biggest banks as foxes aiming to take a larger share of the country’s A$2.6 trillion savings pool. AustralianSuper Chief Executive Ian Silk, the most senior financial sector executive to appear at the year-long Royal Commission inquiry, said the A$500,000 ($371,050) spent on a TV ad depicting a fox being let into a hen house by a man dressed in a suit,...

August 10, 2018
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10Aug

Why Innovation And Regulation Should Work Together

If there is one single matter that worries tech leaders today it is the difficulty in conciliating innovation and regulation. Most companies, from tech giants to startups, are still trying to adjust to the EU's General Data Protection Regulation (GDPR), and yet more of the same is coming. The next step will be the adoption of the EU’s ePrivacy Regulation, which will be published toward the end of 2018 or early 2019. Recently, lawmakers signed the California Consumer Privacy Act...

August 10, 2018
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10Aug

US. How Automation Will Affect Unfunded Pension Liabilities

In 2016, Deloitte Consulting and Oxford University did a study of public employees in the United Kingdom and estimated that up to 16% (almost 1 million jobs) could be eliminated by automation in the next twelve years. I think this is a wild underestimation. In the U.S. military, we call it the tooth to tail ratio—how many people does it take in the rear (the “tail”), to keep the individual fighter locating, closing with, and destroying the enemy (the “tooth”)....

August 10, 2018
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10Aug

UK. Pensions dashboard to be debated in Parliament

“The dashboard really needs to happen if the government wants people to save enough for a decent retirement income. We can’t stop pensions being confusing and a turn off but we can make it easier to get all the information in one place and that would surely help. "The practical difficulties are not to be underestimated and occupational schemes are struggling to improve their own data quality. However, if the risks are to be transferred to individuals then we have...

August 10, 2018
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09Aug

¿Se pensionarán los millennials en Colombia?

El 56% de los cotizantes a los fondos de pensiones en el país tienen menos de 35 años, mientras que en el sistema público la cifra sólo llega al 11 %. Mucho se ha hablado sobre pensiones en los últimos meses. Que el sistema no aguanta más, que se necesita una reforma pensional, que conviene más un régimen que el otro y que los jóvenes no alcanzarían a pensionarse. Esto último suele decirse con tono de resignación, en especial por...

August 9, 2018
Noticias
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09Aug

US. Here’s What Happens To Your 401(k) When You Leave Your Job

Let’s face it: Nowadays, most workers don’t stay in the same job or work for the same company for the duration of their careers. But what happens if you funded a 401(k) and then switch jobs, leave your company or get laid off? What happens to the money you accumulated when you move on? The important thing to know is you get to decide what happens to it. Here are some of your options, assuming you are too young to...

August 9, 2018
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09Aug

China. New pension target securities funds get the green light

China has just approved 14 Chinese asset managers to float pension target securities investment funds, a move to improve A-share market liquidity and offer the nation's middle-income earners more diversified pension management solutions. China Asset Management Co Ltd, China Southern Asset Management Co Ltd, Bosera Asset Management Co Ltd, E Fund Management Co Ltd and 10 other asset management companies became the first batch to receive regulatory approval, according to the China Securities Regulatory Commission on Monday. People close to China...

August 9, 2018
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