February 2017

03Feb

Constitutional Reform and Universal Pension Law

By Noemí Monroy Enriquez En México, en los próximos años, la tendencia demográfica se caracterizará por el incremento de la población adulta de 65 años o más, la cual, en su mayoría, no cuenta con algún ingreso para su subsistencia. El fenómeno del incremento de la población de edad avanzada no solamente es nacional; de acuerdo con el informe de Naciones Unidas, el crecimiento de la población adulta de 60 años y más se ha acelerado, lo que genera todo...

February 3, 2017
Adequacy, Regulation
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January 2017

12Jan

The Power of Social Pensions

By Wei Huang & Chuanchuan Zhang - This paper examines the impacts of social pension provision among people of different ages. Utilizing the county-by-county rollout of the New Rural Pension Scheme in rural China, we find that, among the age-eligible people, the scheme provision leads to higher household income (18 percent) and food expenditure (10 percent), lower labor supply (6 percent), and better health (11-14 percent). In addition, among the age-ineligible adults, the pension scheme shifts them from farming to...

January 12, 2017
Adequacy, System Sustainability,
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12Jan

Building Long-Term Portfolio Benchmarks for Pension Funds in Emerging Economies

By Jorge Sabat - The movement from a defined benefit to a defined contribution pension system has important implications in the area of portfolio allocation. While the focus of defined benefit pension funds is essentially in the long term, some defined contribution funds might have incentives to invest with shorter-term horizons. The case of open pension funds, such as the ones in several countries in Latin America and Central and Eastern European countries, shows that competition on short-term returns may...

January 12, 2017
Adequacy, Investing
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