Mexico Archives - Page 146 of 150 - Pension Policy International

24AprApril 24, 2020

Informal employment in Mexico: Current situation, policies and challenges

By ILO Informal employment is a persistent problem in Latin America and the Caribbean. Following a decade of economic growth and decline in unemployment rates, there are still 130 million workers holding informal jobs, deprived of social protection and labour rights. This does not mean, however, that there has not been any progress made on the issue of formalization. Formal employment, wage labour and social protection coverage have increased in Latin America and the Caribbean. Now, it is important...

April 24, 2020

Books, Labor Market2014, Financial Inclusion, Informal Sector, Latin America, Mexico

11AprApril 11, 2020

Enlisting Employees In Improving Payroll-Tax Compliance: Evidence From Mexico

By Todd Kumler, Eric Verhoogen, Judith A. Frías A growing body of research suggests that difficulties in collecting taxes are an important constraint on economic performance in developing countries. Evidence from rich countries points to third- party reporting — in particular, employer reports of employees' wages — as a potential remedy. To what extent does the accuracy of third-party reporting carry over to developing countries, with their weaker enforcement regimes? In this paper, we compare two sources of wage information...

April 11, 2020

Articles, Labor Market, Operation2013, Enrolment, Latin America, Mexico

09MarMarch 9, 2020

Mexico. ‘Unsustainable’: Mexico’s Pemex Buckling Under Crushing Pension Debt

Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits. Pemex [PEMX.UL] is fighting to avoid having its bonds cut to "junk" or speculative grade, which would put pressure on Mexico's sovereign rating and deal a heavy blow to populist President Andres Manuel Lopez Obrador, who has vowed to revive it. Read...

March 9, 2020

News, SliderLatin America, Mexico, Occupational Pensions

19NovNovember 19, 2019

Mexican president defends indigenous pensions plan

Mexico’s president on Monday defended a plan to provide pensions to indigenous people starting at age 65, compared with 68 for other Mexicans. Andrés Manuel López Obrador, who was elected last year after campaigning to help marginalized people, said those who question the idea should visit poor indigenous communities to see how residents live. He said indigenous seniors in poor areas are often in worse health than city-dwelling counterparts due to decades of hard labor and poor nutrition. “It...

November 19, 2019

News, Slider2019, Mexico, Retirement Age

16OctOctober 16, 2019

Increasing Decision Making Capacities of Local Governments: Mexico’s Quest for Economic Growth

By Heidi Jane Smith (Economics Professor and Public Policy Coordinator, Department of Economics, Universidad Iberoamericana) This paper examines the relationship between fiscal autonomy and a municipalities’ commitment to and the impact upon economic development activities. This article evaluates quantitatively, using a panel dataset from 1989-2014, the relationship of fiscal capacity to a city’s economic development. It tests the hypothesis that if a municipality is more fiscally autonomous in collecting their own revenue and also discretion in making their...

October 16, 2019

Articles, Artículos, Sostenibilidad del Sistema, Sostenibilidad del Sistema, System Sustainability2019, Economía Política, Gobierno, Mexico, Political economy

03SepSeptember 3, 2019

How the Mexican pensions sector plans to tackle a national demographic shift

As demographic shifts and technological innovations disrupt the Mexican pensions sector, industry leaders are seizing the opportunity to create a more sustainable and profitable future Linking the US with Central America, the expansive country of Mexico is the world’s 15th-largest economy and the second biggest in Latin America. Despite ongoing uncertainty surrounding the North American Free Trade Agreement, the Mexican economy has shown remarkable resilience of late, with the IMF expecting the nation to post a steady growth rate...

September 3, 2019

News, Slider2019, Aging, ESG, Mexico, Pension Management

16AugAugust 16, 2019

Income Inequality and Government Transfers in Mexico

By Frederic Lambert, Hyunmin Park We analyze microdata from Mexico's survey on household income and expenditures (ENIGH) to study the evolution of income inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected by government social policy. We find evidence of only a small decline in inequality over this period. The observed decline may be attributed to government transfers, notably targeted cash transfers (Prospera) and non-contributory pensions. In 2016, those two programs accounted for more...

August 16, 2019

Articles, Regulation, Slider-Left2019, Income, Mexico, Political economy, Poverty, Public Policy, Social Protection

11JunJune 11, 2019

Bank fraud in San Miguel de Allende: expats fight to regain US $40 million stolen through Ponzi scheme

In San Miguel de Allende, it is said foreigners live here either because they want to be forgotten, or because there’s no one left to remember them. This small-town alchemy of anonymity and forgettability laid the groundwork for an alleged decade-long Ponzi scheme estimated to have stolen US $40 million from more than 150 Banco Monex accounts belonging to United States, Canadian, British, European and Australian expatriates. While several local Mexicans were also embroiled in the bank fraud, the vast majority...

June 11, 2019

News, SliderMexico, US

17MayMay 17, 2019

Informality, Labor Regulation, and the Business Cycle

By Gustavo Leyva, Carlos Urrutia We analyze the joint impact of employment protection and informality on macroeconomic volatility and the propagation of shocks in emerging economies. For this, we propose a small open economy business cycle model with frictional labor markets, labor regulation, and an informal sector, modeled as self-employment. The model is calibrated to the Mexican economy, in particular to business cycle moments for employment and informality obtained from our own calculations with the ENOE survey for the...

May 17, 2019

Articles, Labor Market, Slider-Left2019, Financial Inclusion, Mexico, Regulation

04MayMay 4, 2019

Institutional Design of Pension Systems and Individual Behavior: How do Households Respond?

By Renata Herrerias (Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration), Guillermo Zamarripa (Instituto Tecnológico Autónomo de México (ITAM)). Mexico introduced a Defined Contribution (DC) Pension System in 1997. We analyzed the behavior of affiliated workers under the institutional design of the reformed system. Before the reform, 75% of affiliated workers could receive a lifetime annuity upon retirement; we project that under the new rules only 30% of participants will be able to transform savings into...

May 4, 2019

Articles, Pension design2019, Behavior, Mexico, Sustainability

April 2020

Informal employment in Mexico: Current situation, policies and challenges

Enlisting Employees In Improving Payroll-Tax Compliance: Evidence From Mexico

March 2020

Mexico. ‘Unsustainable’: Mexico’s Pemex Buckling Under Crushing Pension Debt

November 2019

Mexican president defends indigenous pensions plan

October 2019

Increasing Decision Making Capacities of Local Governments: Mexico’s Quest for Economic Growth

September 2019

How the Mexican pensions sector plans to tackle a national demographic shift

August 2019

June 2019

Bank fraud in San Miguel de Allende: expats fight to regain US $40 million stolen through Ponzi scheme

May 2019

Informality, Labor Regulation, and the Business Cycle

Institutional Design of Pension Systems and Individual Behavior: How do Households Respond?