July 2018

US. Retirees rally for pensions as committee considers Sen. Brown’s bill to bolster pension program

From Utah to Alabama and points in between, retirees rallied at the Ohio Statehouse to demand actions to save their pensions last week. The pensions of more than 60,000 Ohioans and more than 1 million Americans are at risk, making times difficult for retired steelworkers, coal miners, tobacco workers, teamsters and more. The pension funds are slowly collapsing as they have been since the Wall Street crisis of 2008. Democratic Sen. Sherrod Brown says he has a plan to save the...

México. Ahorro voluntario para el retiro llega a cifra récord: SHCP

El ahorro voluntario para el retiro alcanzó una cifra récord al superar los 64 mil millones de pesos (mdp), lo que en gran medida se debe a las acciones para impulsarlo, informó la Secretaría de Hacienda y Crédito Público (SHCP). En el primer semestre, el saldo total de los recursos administrados por las Administradoras de Ahorro para el Retiro (Afores) alcanzó un monto de 3 billones 323 mil 272 millones de pesos, cifra equivalente al 14.9 por ciento del Producto...

Artificial Intelligence In Healthcare

By Dr. Parag Mahajan Md Do you want to know the relationship between Artificial Intelligence (AI) & healthcare, & how AI is improving healthcare? Technology is evolving rapidly, & you need to keep up to stay at the top. Artificial Intelligence (AI) is revolutionizing all aspects of healthcare & this book is intended to be your companion on this journey. It’s a power-packed AI book that guides you about the current state and future applications of AI in healthcare, including those under development,...

Social Protection Goals in East Asia: Strategies and Methods to Generate Fiscal Space

By Mukul G Asher,‎ Fauziah Zen,‎ Astrid Dita The book examines the conceptual, economic, and fiscal impact(s) of the Social Protection Floor (SPF) initiative of the International Labor Organisation (ILO) and other policy influencers by first critically examining the methodologies used by the international agencies to estimate the fiscal costs of designated minimum package(s) of social protection programs. The book also briefly reviews the methodologies used and usefulness of the Social Protection Index (SPI) of the Asian Development Bank (ADB). Second,...

The Mommy Effect: Do Women Anticipate the Employment Effects of Motherhood?

By Ilyana Kuziemko, Jessica Pan, Jenny Shen, Ebonya Washington After decades of convergence, the gender gap in employment outcomes has recently plateaued in many rich countries, despite the fact that women have increased their investment in human capital over this period. We propose a hypothesis to reconcile these two trends: that when they are making key human capital decisions, women in modern cohorts underestimate the impact of motherhood on their future labor supply. Using an event-study framework, we show substantial...

Immigration and Redistribution

By Alberto Alesina, Armando Miano, Stefanie Stantcheva We design and conduct large-scale surveys and experiments in six countries to investigate how natives' perceptions of immigrants influence their preferences for redistribution. We find strikingly large biases in natives' perceptions of the number and characteristics of immigrants: in all countries, respondents greatly overestimate the total number of immigrants, think immigrants are culturally and religiously more distant from them, and are economically weaker – less educated, more unemployed, poorer, and more reliant on...

The Extent and Nature of State and Local Government Pension Problems and a Solution

By Ross Marchand (Taxpayers Protection Alliance) & Mark Warshawsky (Government of the United States of America - Social Security Administration) Some states and municipalities are in difficult financial straits. Many more have severely underfunded defined benefit pension plans for their past and current employees. At the intersection of these two sets, it is likely that the pension plans are not sustainable and cuts are inevitable, including to the benefits of current retirees. But in many of these states and municipalities,...

Chile. Gerente general de la asociación de AFP, Fernando Larraín y descuentos de las AFP: “No busca resolver el problema de las pensiones”

El sitio web www.misbeneficiosafp.cl ayer sorprendió. Más de 150.000 personas ingresaron entre el miércoles y el jueves por la mañana, explorando los beneficios que desde esta semana, en una medida inédita, entregan las AFP a sus más de 10 millones de cotizantes en cerca de 150 comercios del país. “En un sector que es competitivo, acá hay colaboración. Por eso aquí no hay riesgo del giro único”, comenta Fernando Larraín, gerente general de la Asoaciación de AFP, encargada del programa. En...

Perú. AFP: afiliados deberían pagar comisiones solo cuando hay ganancias, afirma Aspec

Los afiliados de las administradoras privadas de fondos de pensiones (AFP) deberían pagar comisiones por la gestión de sus ahorros previsionales solo cuando tengan ganancias, consideró hoy la Asociación Peruana de Consumidores y Usuarios (Aspec). “El riesgo tiene que ser compartido, es decir, si se registran pérdidas (en los aportes de los afiliados) las AFP no deberían cobrar comisiones (por la gestión de esos recursos) y solo hacerlo cuando se registran ganancias”, dijo el presidente de Aspec, Crisólogo Cáceres. Este sistema...

México. No hay confianza en Afores: Consar

En México, seis de cada 10 trabajadores no cotizan en ninguna Afore, lo que denota desconfianza de la gente en estas instituciones; pues no se han se han dedicado a generar confianza, sino que al contrario operan con malas prácticas. De acuerdo a Alfredo Castro Hernández, Subdirector de atención a trabajadores de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), las Afores no han sabido comunicar sus servicios, pero lo más preocupante es que “el monto pensionario...