January 2021

Investing in People : Social Protection for Indonesia’s 2045 Vision

By Holmemo, Camilla Acosta, Pablo, George, Tina Palacios, Robert J. Pinxten, Juul Sen, Shonali, Tiwari, Sailesh The Government of Indonesia's Vision for 2045 sets an ambitious path that will require significant investments in human capital and social protection Indonesia continues to set ambitious goals for its growth and development. The Government of Indonesia's (GoI) vision for 2045—when the country celebrates 100 years of independence—is to achieve high income status and reduce poverty to nearly zero. In addition to sustained...

January 14, 2021
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14Jan

Another Brick on the Wall: On the Effects of Non-Contributory Pensions on Material and Subjective Well Being

By Rosangela Bando, Sebastian Galiani, Paul J. Gertler Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pensiones Alimentarias program established by law in Paraguay, which targets older adults living in poverty. Households with a beneficiary increased their level of consumption by 44 percent. The program...

January 14, 2021
Articles, Pension design, System Sustainability
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08Jan

China Pensions Outlook

By KPMG Welcome to KPMG’s fourth annual report tracking developments in China’s pension industry. China’s ageing demographics and the consequent challenges continued to draw attention during 2019 and triggered a number of fundamental changes. This report updates and builds on our research in China’s pension industry. In the report, we analyse why Pillar One will continue to be the most important and fastest- developing sector of the pension system in China. We also offer our view on what supporting...

January 8, 2021
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08Jan

Pensions Imperilled: The Political Economy of Private Pensions Provision in the UK

By Craig Berry Private pensions provision in the UK is in crisis, yet it is not the crisis often depicted in political and popular discourses. While population ageing has affected traditional pensions practice, the imperilment of UK pensions is due in fact to the peculiar way policy-makers have responded to wider social and economic change. Pensions are a mechanism for managing failed futures, yet this function is being impeded by the individualization of provision. This book offers a political economy...

January 8, 2021
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January 2021
01Jan

Disability pensions and social security reform : analysis of the Latin American experience

By Grushka, Carlos O. & Demarco, Gustavo This paper describes the disability pension arrangements prevailing in ten Latin American countries that reformed their pension systems. The analysis is limited to the topic of disability pensions, without attempting to evaluate other critical aspects such as the available infrastructure: handicapped access generally (ramps, blind cues), medical and nursing support, home care, and so on. The relative significance of disability pensions is highly dependant on these factors and, however, they are really limited...

January 1, 2021
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01Jan

Privatizing Social Security

By Martin Feldstein This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory...

January 1, 2021
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December 2020

11Dec

Latin America’s Lost Decades The Toll of Inequality in the Age of COVID-19

By Luis Alberto Moreno During the early days of the coronavirus pandemic, in March 2020, Guayaquil, Ecuador’s business capital of some three million people, was in trouble. By a twist of fate, more than 20,000 Ecuadorians had just returned home from their seasonal vacations. Many had come from Italy and Spain, two coronavirus hot spots, with the earliest and most deadly outbreaks of COVID-19. President Lenín Moreno understood that the threat was serious but opted, at first, not to close...

December 11, 2020
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07Dec

COVID-19 has worsened the woes of South Asia’s informal sector

By Maurizio Bussolo, Siddarth Sharma, Hans Timmer Informal employment, which includes temporary workers, day laborers, service, or domestic workers, has long been associated with underdevelopment. Following the same logic, informality is expected to disappear gradually as countries further develop and prosper. Yet, despite decades of sustained high growth, South Asia's informal sector shows little sign of abating—even increasing in some cases. More than 80 percent of all South Asia's workers engage in informal activities, and more than 90 percent of the...

December 7, 2020
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07Dec

2020 OECD Pensions Outlook

From OECD The OECD Pensions Outlook provides an analysis of different pension policy issues in OECD countries covering both public and private, defined benefit and defined contribution, pay-as-you-go and funded retirement provisions. Prepared against the background of the COVID-19 pandemic, the 2020 edition discusses policy guidelines to help governments strengthen the resilience of their retirement savings and old-age pension systems. Get the book Here!

December 7, 2020
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03Dec

DB or not DB, what is the solution?

By Mark Daniel  Mark Daniel takes us on a pensions journey, exploring various DB and DC plan designs and how these can help manage costs and possible risks. What a difference two years make. Boris Johnson is now the Prime Minister, Liverpool finally became Premier League Champions and, sadly (for me), Huddersfield Town are back down in football’s second tier. And then there is COVID-19. Who could have predicted any of the above? Admittedly, you didn’t need a...

December 3, 2020
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