September 2018

China’s Pension Reforms: Political Institutions, Skill Formation and Pension Policy in China (China Policy Series)

By Ke Meng Existing literature has looked at many factors which have shaped Chinese pension reforms. As China’s pension reform proceeds in an expanding and localising fashion, this book argues that there is a pressing need to examine it in the context of China’s political institutions and economic transformations. The book takes a unique approach by looking at political institutions of the Chinese state and the changing conditions of the Chinese economy, which rarely receive proper treatment in the current...

Advances in the Practice of Public Investment Management: Portfolio Modelling, Performance Attribution and Governance

By Narayan Bulusu ,‎ Joachim Coche,‎ Alejandro Reveiz,‎ Francisco Rivadeneyra,‎ Vahe Sahakyan,‎ Ghislain Yanou This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management - including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the...

August 2018

Social Security Programs and Retirement around the World: The Relationship to Youth Employment (National Bureau of Economic Research Conference Report)

By por Jonathan Gruber ,‎ David A. Wise  Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to benefits-paying employees increases. Second, as falling mortality rates increase lifespans, retirees receive benefits for longer than in the past. Further exacerbating the situation, the provisions of social security...

Financial Literacy: Empowerment in the Stock Market

By Ali Saeedi &‎ Meysam Hamedi  This book provides an overview of current issues associated to financial literacy improvement. In selecting and structuring the material to include, the primary criterion has been applicability of topics and recommendations and accuracy of trends toward better financial literacy level. Each chapter is dedicated to a particular component of financial literacy from education to capability. Throughout the book, there are many practices initiated around the world which, regardless of their superiority, are all useful initiatives...

The Economics of Artificial Intelligence: An Agenda

By Ajay Agrawal, Joshua Gans, and Avi Goldfarb Artificial intelligence (AI) technologies have advanced rapidly over the last several years. As the technology continues to improve, it may have a substantial impact on the economy with respect to productivity, growth, inequality, market power, innovation, and employment. In 2016, the White House put out several reports emphasizing this potential impact. Despite its importance, there is little economics research on the topic. The research that exists is derived from past technologies (such...

Corruption and Fraud in Financial Markets: Malpractice, Misconduct and Manipulation

By Professor Carol Alexander Identify and stop potential issues before they become finable offences Corruption and Fraud in Financial Markets offers financial industry professionals with a comprehensive study on malpractice, misconduct and manipulation. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, price manipulation, bribery, false disclosure, volume manipulation, spoofing, options...

Social Security Programs and Retirement around the World: Working Longer

By Courtney Coile This is the introduction and summary to the eighth phase of an ongoing project on Social Security Programs and Retirement Around the World. This project, which compares the experiences of a dozen developed countries, was launched in the mid 1990s following decades of decline in the labor force participation rate of older men. The first several phases of the project document that social security program provisions can create powerful incentives for retirement that are strongly correlated with...

Transitions through the Labor Market: Work, Occupation, Earnings and Retirement (Research in Labor Economics)

By Solomon W. Polachek Understanding the factors that affect how one transitions from school to the labor market and finally to retirement is important both to the individual and to the policy maker. This volume contains seven original and innovative articles that analyze aspects of such labor market transitions. Questions answered include: How did hiring and firing decisions change for blacks and Hispanics relative to whites in the Great Recession? Can redesigning the minimum wage lead to more efficient employment...

Price-Based Investment Strategies: How Research Discoveries Reinvented Technical Analysis

By Adam Zaremba &‎ Jacob "Koby" Shemer This compelling book examines the price-based revolution in investing, showing how research over recent decades has reinvented technical analysis. The authors discuss the major groups of price-based strategies, considering their theoretical motivation, individual and combined implementation, and back-tested results when applied to investment across country stock markets. Containing a comprehensive sample of performance data, taken from 24 major developed markets around the world and ranging over the last 25 years, the authors construct...

Stealing To The Youth And Giving To The Old? : Intergenerational Inequalities And Political Dynamics In The Italian Pension System

By Giulio Del Balzo "The contemporary welfare state in capitalist democracies is largely a welfare state for the elderly” (Myles, 1984) Filicide is a recurrent event in ancient mythology, as well as in nature. Just as Kronos devoured his sons, fearing that they would dispossess him from the Gods’ throne, so many animal species, like lions, usually kill their puppies, since they perceive their children as potential threats to their consolidated interests and well-being. So, as in nature and myths, filicide...