June 2020
05Jun

The Political Economy of Pension Financialisation

By Anke Hassel, Tobias Wiß The Political Economy of Pension Financialisation addresses – for numerous countries – how and why pension reforms have come to rely more on financial markets, how public policy reacted to financial crises, and regulatory variation. The book demonstrates how the process of pension financialisation reveals that pension policy is not only a social policy that affects retirement income, but also a financial policy that impacts savings rates, corporate finance and the economy. The chapters...

June 5, 2020
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May 2020
29May

Pension Finance

By M Barton Waring, Robert C Merton Pension plans around the world are in a state of crisis. U.S. plans alone are facing a total accrued liability funding deficit of almost $4 trillion (of the same order of magnitude as the federal debt), a potential financial catastrophe that ranks among the largest ever seen. It has become clear that many government, corporate, and multi-employer pension sponsors will not be able to cope with this crippling debt and may default...

May 29, 2020
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29May

Allianz pension report 2020 the silver swan

By Allianz Even before the Covid-19 outbreak, societies were becoming more and more fragmented over several social fault lines: culture, education, wealth, place of residence. Many of these overlap: The cosmopolitan, well-educated, wealthy people live in (big) cities, whereas more conservative, low-skilled workers tend to live in the periphery. There is, however, one important social fault line that cuts through all these identities: the generation gap. With demographic and climate change (and now the coronavirus pandemic), the generational...

May 29, 2020
Books, Pension design, Reports, System Sustainability, , , , , , , , ,
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23May

The 2018 Pension Adequacy Report: current and future income adequacy in old age in the EU

By European Commission The 2018 edition of the triennial Pension Adequacy Report analyses how current and future pensions help prevent old-age poverty and maintain the income of men and women for the duration of their retirement. Volume I is devoted to comparative analysis of pension adequacy in the EU- 28. It examines the current living standards of older people and how they are shaped by pension systems, proceeds with an overview of recent pension reforms and concludes by analysing...

May 23, 2020
Adequacy, Aging, Books, Reports, , ,
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23May

Golden Aging: Prospects for Healthy, Active and Prosperous Aging in Europe and Central Asia

By Maurizio Bussolo, Johannes Koettl & Emily Sinnott The Europe and Central Asia region has among the oldest populations in the world. Europe, in particular, is approaching the end of a demographic transition toward population stabilization, and Central Asia, although still younger, is following quickly. Aging in Europe and Central Asia is different from that in Western Europe and East Asia in that populations are aging, while people are not necessarily living longer. The rise in the average age is largely attributable to...

May 23, 2020
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15May

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

By Christoph Freudenberg and Frederik Toscani Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using administrative microdata at the affiliate level, we project replacement rates in the defined benefit (DB) and defined contribution (DC) pillars over the next 30 years and simulate the impact of various reform scenarios on the average level and distribution of...

May 15, 2020
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08May

Have Cash Transfers Succeeded in Reaching the Poor in Latin America and the Caribbean?

By Marcos Robles, Marcela G. Rubio, Stampini Marco We present novel estimates of the quality of targeting of conditional cash transfer (CCT) and non-contributory pension (NCP) programs in Latin-America and the Caribbean. Our contribution is novel in that we use both national and international poverty lines, provide differentiated estimates for urban and rural areas, and compare CCT and NCP programs. We show that leakage to the non-poor coexists with pervasive under-coverage of all poor, including the extreme poor. On average,...

May 8, 2020
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08May

The DB landscape Defined benefit pensions 2019

By The Pensions Regulator Welcome to the fourth edition of the DB landscape publication, TPR’s annual reporton the defned beneft (DB) pension schemes that we regulate. We have taken this information from the pension schemes register on 31 March 2019 and included DB an hybrid occupational schemes with more than one member. Our publication differs from the Pension Protection Fund (PPF)’s Purple Book as their data includes only those DB scheme, eligible for the lifeboat fund. We present the...

May 8, 2020
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April 2020
24Apr

Informal employment in Mexico: Current situation, policies and challenges

By ILO Informal employment is a persistent problem in Latin America and the Caribbean. Following a decade of economic growth and decline in unemployment rates, there are still 130 million workers holding informal jobs, deprived of social protection and labour rights. This does not mean, however, that there has not been any progress made on the issue of formalization. Formal employment, wage labour and social protection coverage have increased in Latin America and the Caribbean. Now, it is important...

April 24, 2020
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24Apr

The Future of Social Protection

By OECD Social protection systems are often still designed for the archetypical full-time dependent employee. Work patterns deviating from this model – be it self-employment or online "gig work" – can lead to gaps in social protection coverage. Globalisation and digitalisation are likely to exacerbate this discrepancy as new technologies make it easier and cheaper to offer and find work online, and online work platforms have experienced spectacular growth in recent years. While new technologies and the new forms...

April 24, 2020
Books, Labor Market,
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