June 2021
02Jun

Kenya’s civil service is ageing, but adjustments aren’t being made

The demographic profiles of countries like Kenya, where a high percentage of people are young, would suggest that it’s swiftly renewing its workforce with fresh talent. But this doesn’t seem to be the case. We conducted a study in a public sector organisation three years ago. We found that the bureau had an ageing workforce. More than half of its staff were 50 years old and above. The majority of employees were aged between 51 and 60. This suggests that, in...

June 2, 2021
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02Jun

Nigeria. Still on corruption in pension scheme

The recent expose by the British Broadcasting Corporation (BBC) on corruption in Cross River State, shocking as it were, is but one of the many plagues currently ravaging this country, which would explain why it barely elicited the deserved reaction from average Nigerians, as they have to deal with these situations on a daily basis. It is no longer a question of the magnitude of corrupt practices in the system, which is not in doubt, but one of who...

June 2, 2021
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02Jun

CPPIB, Phoenix Mills to Develop Retail Center in India

The Canada Pension Plan Investment Board (CPPIB) is developing a shopping center in the affluent Alipore, Kolkata, neighborhood in India, as part of a new joint venture with mall operator Phoenix Mills. India is an important destination for CPPIB, the pension fund said last week. The joint venture will fund the mall with about $77 million (C$93 million), which will be invested in tranches into Mindstone Mall Developers Private. After construction is completed in the latter part of 2024, CPPIB will...

June 2, 2021
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May 2021
31May

México. Preocupa a inversionistas el efecto de la inflación en sus ahorros

Aunque todavía México está inmerso en la crisis de Covid- 19, algunos indicadores ya apuntan a una recuperación económica, que ha ido de la mano de mayor inflación, un fenómeno que inquieta a países, empresas, trabajadores e inversionistas de todo tamaño. Leer también La complejidad de la crisis por Covid-19 y la fragilidad del mercado de trabajo mexicano. Las brechas entre hombres y mujeres en la ocupación, la desocupación y la disponibilidad para trabajar Ignacio Saralegui, estratega sénior de Inversiones para...

May 31, 2021
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31May

China introduces three-child policy to alleviate problem of ageing population

China's government has announced it is scrapping a policy limiting couples to two children and will now allow them to have three. The change was approved during a Politburo meeting chaired by President Xi Jinping, according to official news agency Xinhua. The government said the problem of an ageing populace was deepening and the change would help to improve the structure of China's population and maintain its advantage in human resources. The policy change will come with "supportive measures, which will be...

May 31, 2021
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31May

German court rejects complaints against double taxation of pensions

Germany's federal fiscal court on Monday rejected as unfounded a retired couple's objection to their retirement benefits being double taxed. The court case resulted from a 2005 change in the law that made pensions liable to tax. Until then, pensions had been essentially tax-exempt as the contributions were made from taxed salaries. Under the 2005 law, pension contribution payments gradually became essentially tax free while the taxable share of pension income was increased in a process set to conclude by 2040. The...

May 31, 2021
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31May

Net-zero future confronts oil-rich nations

Ali Allawi, Iraq’s Finance Minister, found himself in a quandary last year as the spread of coronavirus cut demand for oil and prices tumbled. Allawi’s treasury, which receives more than 90 per cent of its revenues from crude sales and spends 45 per cent of its total budget on salaries and pensions, suddenly didn’t have enough money to pay millions of public employees and retirees. OPEC’s second-largest producer borrowed billions of dollars, mostly from local banks, to bridge the shortfall. But...

May 31, 2021
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28May

World Population Ageing 2019

By United Nations 1. Population ageing is a global phenomenon: Virtually every country in the world is experiencing growth in the size and proportion of older persons in their population. There were 703 million persons aged 65 years or over in the world in 2019. The number of older persons is projected to double to 1.5 billion in 2050. Globally, the share of the population aged 65 years or over increased from 6 per cent in 1990 to 9 per...

May 28, 2021
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28May

Trends in Labor Supply of Older Men and the Role of Social Security

By Zhixiu Yu The labor supply of older men increased from the 1930s to the 1950s cohort. I estimate a structural model that fits the participation and hours worked by the 1930s cohort well. The observed policy changes in normal retirement age, the earnings test, and delayed retirement credits explain 73.4% and 88.7% of the observed rises in labor force participation and hours worked by the 1950s cohort. Additional policy experiments suggest that postponing retirement age have little effect on...

May 28, 2021
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28May

Differences and Similarities in Patterns of Society Ageing in the European Union

By Denisa Kočanová, Viliam Kováč, Jan Buleca Population ageing is a demographic problem, which emphasises the need to be interested in the lives of the most vulnerable group–the elderly. The paper investigates the ageing process and similarity of selected countries in the European Union. The EU Member States were assessed and assigned to appropriate clusters according to several indicators related to the areas that affect the lives of the elderlies, namely health status, labour market conditions, and financial security. We...

May 28, 2021
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