January 2025
31Jan

NIRS’ Pensionomics 2025 Report

By Andrew Clark Earlier this month, the National Institute on Retirement Security (NIRS) released its bi-annual Pensionomics report, which details how spending from defined-benefit pensions boosts economies in communities nationwide and continues to be a reliable economic driver for millions of people. The report examines the impact of pensions on local economies nationwide by calculating the benefits paid to retirees and the subsequent spending generated by these benefits. This analysis includes tax revenue and local expenditures, which stimulate the broader economy, leading...

January 31, 2025
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31Jan

Allianz Global Pension Report 2025: Time to walk the talk

By Allianz Research  Allianz published the third edition of its “Global Pension Report”, which analyzes 71 pension systems around the globe with the help of the company's own “Allianz Pension Index” (API). The indicator consists of three pillars: analysis of the demographic and fiscal situation, and an assessment of the sustainability (e.g. financing and contribution periods) and adequacy (e.g. coverage and pension levels) of the pension system. A total of 40 parameters are taken into account, with scores between 1...

January 31, 2025
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31Jan

Pensions investment outlook 2025: U.S. policy uncertainty clouds road ahead

By Investment Managers The coming year will likely be characterized by three main drivers: the U.S.’s politically driven polices, structural economic 1 The implicit yield curve based on the floating rates associated with an interest rate swap. weaknesses and political uncertainty in Europe, and China’s restructuring of its troubled property market. Overall, our forecasts suggest global growth looks set to continue its 2024 pace of 3.2% in 2025, before easing in 2026 to 2.9%. This outlook could be compounded by the implementation...

January 31, 2025
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31Jan

Household Saving in Japan: The Past, Present, and Future

By Charles Yuji Horioka This paper explores the determinants of the level of, and trends over time in, Japan’s household saving rate, with emphasis on the impact of the age structure of the population, and makes projections about future trends therein. The paper finds that Japan’s household saving rate has not always been high either absolutely or relative to other countries and that it was only during the 1961-86 period that it exceeded 15%. Past and future trends in Japan’s...

January 31, 2025
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31Jan

Financial Inclusion Across the United States

By Motohiro Yogo, Andrew Whitten & Natalie Cox We study retirement and bank account participation for the universe of U.S. households with a member aged 50 to 59 in the administrative tax data. ZCTA-level average income, income inequality, and racial composition predict retirement account participation for low-income households, conditional on household income and regional price parities. Income inequality also predicts bank account participation for low-income households. We estimate the causal effect of access to an employer retirement plan on participation. Recent policy proposals...

January 31, 2025
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31Jan

The Looming Crisis: China’s Pension System Faces a Generational Challenge

By Jessica Huang China, a nation of immense scale and ambition, is in the grip of an urgent demographic crisis. Declining birth rates and rising life expectancy are rapidly aging the population. Within the next two decades, the number of retirement-age individuals is expected to surpass the entire population of the United States, with an estimated 402 million people over 60 by 2040—28% of China’s total population. This demographic shift is straining the workforce, social services, healthcare infrastructure, and economic productivity, marking...

January 31, 2025
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29Jan

Perspectivas Sociales y del Empleo en el Mundo: Tendencias 2025

Por Organización Internacional del Trabajo El empleo mundial en 2024 creció en paralelo a la población activa, lo que mantuvo la tasa de desempleo mundial en el 5 por ciento, un nivel similar al de 2023. No obstante, el ritmo de crecimiento del empleo fue todavía demasiado débil para lograr una reducción sustancial de los déficits de trabajo decente que persisten en todo el mundo. Los jóvenes, en particular, soportan tasas de desempleo mucho más elevadas, cercanas al 12,6 por...

January 29, 2025
Libros, Libros, Mercado Laboral, Mercado Laboral, Reportes,
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29Jan

Efectos de los Retiros Anticipados de los Fondos de Pensiones

Por Banco Central de Reserva del Perú Desde el inicio de la crisis sanitaria, se han efectuado diversos programas de retiro anticipado de fondos privados de pensiones que han reducido de manera importante los ahorros previsionales en el Sistema Privado de Pensiones (SPP), lo que ha constituido un factor de riesgo para la estabilidad financiera. Si bien en el corto plazo los retiros ayudan a suavizar la senda de consumo de los hogares, a largo plazo reducen la cobertura del sistema previsional, poniendo en...

January 29, 2025
Ahorro, Libros, Libros, Reportes, ,
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29Jan

La garantía de las pensiones desafíos para la sostenibilidad económica y social

Por José Luis Monereo Pérez El sistema de Seguridad Social padece graves carencias de cobertura y desigualdades que inciden, de manera relevante, en colectivos vulnerables como: los desempleados de larga duración, los trabajadores a tiempo parcial, los mayores y los empleados discontinuos e irregulares. El riesgo de pobreza está ocasionando una importante brecha social que incide no sólo en razón de la edad, sino también del género. La insuficiencia de mecanismos eficaces de protección social provoca en efecto, un impacto...

January 29, 2025
Artículos, Sostenibilidad, , ,
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29Jan

¿Es inevitable la presencia de las pensiones privadas como complementarias de las públicas?

Por Enrique Martín Serrano-Jiménez A la hora de evaluar el presente y el futuro del sistema público de pensiones, el relato que publicitan mayoritariamente los medios de comunicación, e incluso una parte no menor de la doctrina científica, tiende a proclamar su insostenibilidad haciendo un alegato en defensa de la necesidad de que sean complementadas por pensiones privadas. Se alega para ello tanto la insostenibilidad financiera del sistema público como, en ocasiones, la insuficiencia de las propias pensiones. No es...

January 29, 2025
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