August 2025

La Educación Previsional como Estrategia a Promover en los Sistemas de Pensiones en Latinoamérica

Por Juana Isabel Vera López Con las reformas en los sistemas de pensiones, pasando de regímenes de beneficio definido a contribución definida, se generaron cambios que requieren una mayor participación de la población y esto solo será posible mediante la implementación de una cultura previsional. Este capitulo utiliza como metodología de estudio la politica comparada con el objetivo de analizar los programas de educación previsional mediante el enfoque de capacidades. Se tiene que la cultura previsional da forma a una...

Boosting Retirement Income through Dynamic Withdrawals

By Ravi Saraogi Dynamic withdrawal strategies, extensively researched internationally, remain underexplored in India. This paper bridges this significant research gap by rigorously evaluating popular dynamic withdrawal methods using Indian data. Employing simulations based on historical equity, debt and inflation data from the Indian market, we compare 10 different adaptive and dynamic withdrawal strategies. The study demonstrates that dynamic strategies can improve withdrawals and sustainability compared to static withdrawal methods. However, this improvement comes at a significant cost of volatility in...

Rejuvenating Economics: Subjective Age’s Influence on Work-Life Balance

By Andre Briviba, Valentin Schnellmann & Bruno S. Frey Chronological age is a key indicator in economics, determining policy decisions such as the retirement age and the minimum voting age. The concept of subjective age, extensively studied by gerontologists and psychologists, may be particularly relevant to economic decision-making. Using panel data from German adults aged 40–65 and individual fixed-effects estimations, we investigate the effect of subjective age on work and life satisfaction. Furthermore, we estimate the impact of subjective age...

Optimization Algorithms for Pension Asset Allocation Under Market Volatility

By Akshay Sharma & Satish Kabade Pension fund organizations function as essential financial entities that protect employee retirement funds to provide complete and punctual pension distributions. Pension fund effectiveness through asset distribution determines how well a fund meets its future obligations. Traditional methods of portfolio optimization align with the Modern Portfolio Theory through the Markowitz model to help determine asset allocation by defining the relationship between return and risk. These static modeling approaches fail to fulfill their purpose in real...

Pensions Investment Review: Final Report

By HM Treasury, Department for Work and Pensions & Ministry of Housing Communities and Local Government The Final Report sets out the conclusions of the Pensions Investment Review, launched in July 2024.  Legislation to implement the reforms will form part of the forthcoming Pension Schemes Bill. The reforms will deliver a major consolidation in the Defined Contribution (DC) workplace pensions market. This will enable more investment in productive assets and greater potential returns for members of DC workplace schemes. A reserve power will also...

The Path to 2075 — The Positive Story of Global Aging (Daly/Njie/Allen)

By Jan Hatzius, Joseph Briggs, Kevin Daly, Johan Allen, Sarah Dong & Megan Peters The global population is aging, driven by a combination of increased longevity and declining fertility. This phenomenon is most pronounced in developed (DM) economies, where the ‘working-age ratio’ (ages 15-64) has already decreased from 67% in 2000 to 63%, and is projected to fall to 57% by 2075. In emerging economies, the 15-64 share is close to a peak (66%) and is expected to decline to...

Competition Among Dutch Pension Funds: Is there Any?

By Jacob Antoon Bikker & Jeroen Meringa This paper adds to the literature by analysing for the first time the functioning of the Dutch pension funds market from a competition or efficiency perspective. Of course, competition is severely limited on this highly regulated market. The analyses focus on a key property of well-functioning markets: the reward of efficiency. The conclusion can be drawn that in the market for pension funds efficiency is indeed rewarded, up to a certain level. New...

Enhancing Financial Regulation of Green Infrastructure Investment

By Andreas (Andy) Jobst The paper examines the critical need for enhanced financial regulation to support green infrastructure investment as climate action becomes increasingly pressing. It points out that infrastructure is responsible for more than two-thirds of global greenhouse gas emissions and that climate-related disasters lead to annual losses of nearly one percent of GDP, with poorer countries being disproportionately affected. Green infrastructure plays a crucial role in reducing carbon footprints through renewable energy and low-emission transport, as well as...

Extending Healthspans in an Aging World

By Stephen P. Utkus & Olivia S. Mitchell Extensions in human longevity are prompting a growing interest in maximizing healthspan, or the number of years of life unencumbered by the chronic diseases of old age. This chapter reviews recent research on healthy life extension, including several measures and determinants of longer healthspans. We also provide an overview of recent efforts by medical and business enterprises to enhance longevity and healthspan, followed by a discussion of policy and workplace options to...

July 2025

Tasa de informalidad laboral en México entre el primer trimestre de 2015 y el segundo trimestre de 2024

Por Statista Research Department En el tercer trimestre de 2024, el 54.6% de la población mexicana de 15 años o más contaba con empleos de carácter informal. Este indicador refleja el porcentaje de personas ocupadas que, al no contar con acceso a la seguridad social básica a través de su empleo, se encuentran en situación de vulnerabilidad y carecen de protección en términos de garantías laborales fundamentales. Libro completo aquí