May 2025

Brazil social security minister latest to quit in major pension fraud scandal

Brazil's Social Security Minister, Carlos Lupi, has resigned nine days after police unveiled a major corruption scandal which defrauded pensioners of $1.1bn (£829m). Federal police allege that over the past decade, the National Social Security Institute (INSS) made unauthorised deductions from payments made to millions of pensioners. The money was allegedly paid to several associations and unions, which then shared the earnings with corrupt government officials. Lupi has always denied any wrongdoing and said he ordered an investigation as soon as he...

April 2025

Transformación Digital: El Rol de las TIC en la Gestión de Pensiones en Colombia

Por Fredy Jose Mendoza Juvinao, Paola Andrea Camargo & Helzue Hernandez Murcia La transformación digital está revolucionando la forma en que se gestionan los fondos de pensiones, tanto públicos como privados, en Colombia. Este artículo destaca la importancia de las tecnologías de la información y la comunicación (TIC) en la optimización y modernización del sistema de pensiones del país. La implementación de TIC en la gestión de pensiones facilita procesos, mejora la eficiencia y promueve la transparencia. Se presentan varios casos...

Una evaluación de la reivindicación de las personas adultas mayores en América Latina y México

Por Juana Isabel Vera-López El objetivo de este artículo es elaborar un análisis comparado de la normativa de las personas adultas mayores (PAM) en catorce países de América Latina y el Caribe, determinando su grado de avance en la restitución de sus derechos humanos (DDHH). Así como, en el caso de México, revisar su política social bajo un enfoque basado en derechos humanos (EBDH). Mediante el marco de análisis de la institucionalidad social y la Agenda 2030, se utiliza el...

Retirement in the USA: The Outlook of the Workforce 25th Annual Transamerica Retirement Survey

By Transamerica Institute Retirement in the USA: The Outlook of the Workforce, a collaboration between Transamerica Center for Retirement Studies (TCRS) and Transamerica Institute, delves into the retirement prospects of the U.S. workforce including workers who are employed by others, self-employed workers, and workers who are unemployed but looking for work. Based on a survey of more than 6,100 members of the workforce, the report delves into their life priorities and outlook, personal finances, retirement expectations, and how they are saving,...

Awareness of the Government-Introduced Universal Pension Scheme Among the Adult Population in Bangladesh: A Nationwide Cross-Sectional Survey

By Sharmin Rima, Md. Mahir Faysal, Abdullah Al Mamun, Khadija Akter Sonia, Hossna Tasmia Monia, Anika Tahseen Nuva, Ahbab Mohammad Fazle Rabbi, Abdullah-Al-Mamun & Mohammad Hossain The Universal Pension Scheme (UPS) was introduced in Bangladesh in August 2023 to address economic security concerns for its growing older adults. Despite the government's numerous promotional efforts, the response rate to UPS remains modest. This study aimed to investigate awareness of the UPS among the Bangladeshi population. The study's sample size was 1624,...

Older Workers Face New Risks because of the COVID-19 Recession

By Siavash Radpour, Aida Farmand & Teresa Ghilarducci For the large cohort of older workers, the significant difference between the COVID-19 recession and previous ones is the combined effect of the economic recession and the health risks of the COVID-19 outbreak. Older workers are facing the high health risks of working during a pandemic, on the one hand, as well as the risk of losing their jobs, on the other hand, which can lead to significantly lower wages in the...

Population Aging, Digital Financial Inclusion, Development Strategies and Economic Resilience

By Dongsong Cai, Ling Long, WanHuan Cai & Xin Wang As China enters into a deeply aging society, China's demographic development has come to an unprecedented stage of great transition, which also has an impact on economic resilience. Based on the perspective of new structural economics, the relationship between population aging and economic resilience is explored. Meanwhile, empirical tests using provincial panel data find that, firstly, there is a positive effect of population aging on economic resilience, i.e., population aging...

Iniciativas de Reforma en materia de Pensiones y Vivienda

Por Deloitte  Se plantea establecer a través de modificaciones al artículo 123 Constitucional que las personas trabajadoras con 65 años que empezaron a cotizar a partir del 1° de julio de 1997 en la Ley del Seguro Social, así como las personas trabajadoras que estén bajo el régimen de cuentas individuales que cotizan en el Instituto de Seguridad de Servicios Sociales de los Trabajadores del Estado tendrán derecho a que su pensión de retiro. Fuente Deloitte Touche Tohmatsu Limited

Optimal Investment-Consumption and Retirement Choice with Labor and Pension Incomes

By Hyun Jin Jang & Seon Hwa Lee This study examines lifetime optimal investment, consumption, and retirement timing decisions under a heterogeneous consumption utility function and the presence of pension earnings. Using the duality method, we derive the optimal wealth, investment-consumption strategies, and voluntary retirement region. Through simulation analysis, we assess the impact of pensions on these decisions. Our findings highlight the critical role of pensions in retirement planning, alongside wages and labor costs. Notably, pension benefits encourage earlier voluntary...

Unequal Inflationary Effects of Tariffs across Socio-Demographic Groups

By Hakan Yilmazkuday This paper investigates the heterogeneous effects of U.S. tariffs on inflation across socio-demographic groups, utilizing a structural vector autoregression model that controls for oil prices, output growth, policy rates, and exchange rates. The aggregate tariff pass-through to inflation is estimated at 0.51, with tariffs accounting for approximately 17% of overall inflation volatility. Disaggregated analysis reveals significant variation, where tariff pass-through ranges from 0.38 to 0.55 across income percentiles, with higher income groups experiencing greater pass-through and a...