February 2023
27Feb

Puerto Rico government says it won’t cut pensions due to severe déficit

The executive director of the Financial Advisory Authority and the Puerto Rico Tax Agency, Omar Marrero, assured this Saturday that the government of Pedro Pierluisi “will not allow the pensions of our employees to be reduced” in the face of a deficit of several million dollars for retirees. “This government will not allow the pensions of our employees to be reduced. This will always continue to be our objective,” Marrero said in a press release in response to a letter...

February 27, 2023
News,
Read more...
14Feb

Ghana. DDEP: We will abandon hospitals if you touch our pension funds – GMA warns

The Ghana Medical Association (GMA) has threatened it will abandon the hospitals if the government touches their pension funds for the Domestic Debt Exchange Programme (DDEP).   Speaking on Starr Today with Joshua Kodjo Mensah, the General Secretary of GMA, Dr. Titus Beyuo said that the government dares not touch their independent pension funds adding any move by the government on their fund will be a complete betrayal of trust and action in bad faith.   “If you touch people’s pensions they are...

February 14, 2023
News, Uncategorized,
Read more...
09Feb

Ghana debt swap deal ‘good for you’, finance minister tells retirees

Ghana's finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the struggling West African nation pushes to get a domestic debt exchange over the line by Tuesday. Ghana launched a debt swap plan in December as part of attempts to address a spiralling economic crisis, but it has struggled to convince bondholders to register, in part due to a lack of clarity over its terms and...

February 9, 2023
News, ,
Read more...

January 2023
26Jan

World Migration Report 2022

By: IOM Since 2000, IOM has been producing its flagship world migration reports every two years. The World Migration Report 2022, the eleventh in the world migration report series, has been produced to contribute to increased understanding of migration and mobility throughout the world. This new edition presents key data and information on migration as well as thematic chapters on highly topical migration issues, and is structured to focus on two key contributions for readers: Part I: key information on migration...

January 26, 2023
Books, Books, Labor Market, , ,
Read more...
18Jan

Population Aging and Migration

By Panu Poutvaara International migration flows largely reflect demographic patterns and economic opportunities. Migration flows increase in expected income and other pull factors in potential destinations, and in push factors in the origin, like high unemployment, low wages, and high population growth. Migration flows decrease in the geographic and cultural distance between the potential origin and destination, and in other migration costs. To the extent that migrants are employed, immigration can alleviate challenges arising from population aging. Read book here  

January 18, 2023
Books, Books, Labor Market, ,
Read more...
18Jan

Immigrant Swan Song

By Giovanni Peri The immigration debate often focuses on culture, identity, and the economy. In countries such as the Australia, Canada, and the United States where many immigrants—especially those who have moved for economic reasons—assimilate into the labor force quickly, the case for more immigration is built on its potential economic benefits. Research shows that immigration does not reduce the capital intensity of the economy, but rather it allows firms to expand and investments to adjust, and it also promotes...

January 18, 2023
Articles, Labor Market, ,
Read more...

October 2022
21Oct

The politics and economics of pension privatization in latin america

By Raúl Madrir This research note seeks to explain 'lvhya large nUl11ber of Latin Atnerican countries have privatized their pension systel11s in recent years. It argues that the privatization schelnes are a response to the severe capital shortages that have plagued their countries intennittently in recent years rather than to the financial problelns facing son1e of the pension systelns. The likelihood of pension privatization, 1 argue, is determined in large part by the vulnerability of countries to capital shortages as...

October 21, 2022
Articles, System Characterization, , , ,
Read more...
18Oct

Experts debate length severity recession

The likelihood of an economic recession in the U.S. is a near certainty as inflation and interest rates climb, according to industry experts who spoke to Pensions & Investments. But there's a divergence of views when it comes to the potential length and severity of the downturn. In the worst-case scenario — a lengthy recession — institutional investors will have few places to seek respite from the gloom. Still, managers agreed the best place for institutional investors to park their money...

October 18, 2022
News,
Read more...
12Oct

Reforma Previsional en Chile: una demanda pendiente

Las AFP, o Administradoras de Fondos de Pensiones, cumplieron 42 años de funcionamiento. Antes existía en nuestro país un sistema de pensiones de reparto (sistema que se financia con los aportes que realizan los trabajadores activos y el Estado, por lo tanto el dinero aportado va a un fondo común con el cual se pagan las prestaciones; este sistema se concibe bajo los principios de solidaridad intergeneracional e intrageneracional), que agrupaba a un conjunto de cajas previsionales. Existía un consenso,...

October 12, 2022
Noticias, Noticias, , ,
Read more...
12Oct

Global financial instability risk hits new heights – IMF

A series of "cascading shocks" have raised the risk of global financial instability to new levels, officials with the International Monetary Fund said Tuesday. "It's difficult to think of a time where uncertainty was so high," Tobias Adrian, director of the IMF's monetary and capital markets department, said at a press briefing on the IMF's October 2022 Global Financial Stability Report. "The kind of risk we are flagging is the highest, outside of acute crisis," Antonio Garcia Pascual, deputy division chief...

October 12, 2022
News, , ,
Read more...