Public Policy Archives - Page 7 of 29 - Pension Policy International

06AugAugust 6, 2021

Thatcher: the Myth of Deregulation

By Philip Booth It is commonly believed that, during the 1980s, Margaret Thatcher presided over a substantial reduction in government regulation of financial services. Indeed, some have blamed this deregulation for the financial crash that took place nearly 30 years after 1979. ‘Big Bang’ in 1986 did remove the restrictive practices and largely private regulation that existed in securities markets. However, this involved the state unwinding systems of private regulation and was not, as such, a simple act of deregulation. Furthermore, not...

August 6, 2021

Articles, Regulation2015, Political economy, Public Policy, UK

12JulJuly 12, 2021

Emerging markets pushed to the sidelines for now

Emerging markets have become a victim of China's success in 2020, with money managers and investors now underweight and pulling assets from equity and debt allocations as they watch and wait for better times to resume. The recovery in the U.S. dollar, an increase in safe-haven asset yields in the first quarter and China's tighter monetary policy have contributed to the underperformance of emerging market assets vs. developed market assets so far in 2021. On top of that, developed markets continue...

July 12, 2021

News, Slider2021, China, COVID-19, Political economy, Public Policy

08JulJuly 8, 2021

Pensions for Whom? Redistribution of Public Pension with an Endogenous Income-Longevity Gradient

By Frederik Bjørn Christensen, Frederik Læssøe Nielsen A vast literature on public pensions shows that pay-as-you-go schemes may be preferable to funded schemes despite arguments of return dominance. A heavily cited reason for this is redistribution. One aspect that is rarely considered, however, is that the positive correlation between income and longevity may mitigate or even reverse redistribution. Augmenting a standard, heterogeneous-agent life cycle model with endogenous survival, we conduct a positive experiment and show that pension policy might not...

July 8, 2021

Articles, Pension design2021, Public Pensions, Public Policy

24JunJune 24, 2021

The Gender Pensions Gap

By A recent report by the trade union Prospect found that the gender pensions income gap (39.5%) was more than double the size of the total gender pay gap (18.5%), with the average female pensioner £7000 p.a. poorer than their male equivalent.2 This inequality in the present is the result of the unequal accrual of pension entitlements over decades. It is mainly the product of women’s lower state pension entitlement, the gender pay gap, lower historic access to workplace pensions and...

June 24, 2021

Adequacy, Books, Labor Market2021, Gender Gap, Pension design, Public Policy, UK

23JunJune 23, 2021

Bright Africa 2020 Pension Industry. Modernising pension policies to future-proof long-term savings

By RISCURA The latest Bright Africa Pensions research highlights how African demographics are evolving and the impact of this on long-term savings. There is no doubt that Africa’s population is and will remain the world’s largest youthful cohort for a long-time to come, so serious thought, planning and innovation are urgently required to address the risk of individuals outliving their retirement savings. Research conducted by Albouy and Nogues (2019) shows that globally, life expectancy measured at age 65, has grown...

June 23, 2021

Books, Investment, Pension Management, Reports2021, Africa, Coverage, Informal Sector, Public Policy

11JunJune 11, 2021

Pensions – 5 things for policy makers to close the gender pensions gap

Three tenths (30%) of women do not have any private or workplace pensions, and will receive a state pension only at retirement, almost double the amount of men (17%) in the same position – showing that women have less savings and are less prepared for a financially stable retirement. • The pensions gap widens even more, later in life. Almost two fifths (38%) of women over 55 will rely on a state pension only, compared to 17% of men...

June 11, 2021

News, SliderGender Gap, Public Policy

11JunJune 11, 2021

Public Pension Schemes in Seven European Countries: A Micro-Simulation Approach

By Hand Hansen The idea of this book is to provide insight into the composition and structure of public pension and early retirement schemes in seven European countries, Denmark, Sweden, Finland, Great Britain, Germany, the Netherlands and Italy. The component and structural analyses are based on micro simulation models, which, after validation of the models, makes it possible to perform a great number of precise calculations in a very short time and to present the results in graphical form, close...

June 11, 2021

Books, System Sustainability2006, Pension design, Public Policy, Social Security

11JunJune 11, 2021

Risk-Adjusted Valuation in the Worker’s Economic Decision Making

By Hangsuck Lee, Doojin Ryu, Jihoon Son We suggest an overlapping generations model incorporating the risk-adjusted valuation in a worker’s decision problem. The risk-adjusted probabilities allow risk-averse workers to place more weight on cash flows upon retirement when assessing lifetime income at present value. The risk-adjusted valuation is consistently applied to any non-financial asset, allowing them to be evaluated collectively or separately. We predict capital returns under demographic structure, consumption preference, and social security policy changes. Source: SSRN 189 views

June 11, 2021

Articles, Pension design2021, korea, Public Policy, Returns, Risk

20MayMay 20, 2021

Power to the Public: The Promise of Public Interest Technology

By Tara Dawson McGuinness, Hana Schank “Worth a read for anyone who cares about making change happen.”—Barack Obama A powerful new blueprint for how governments and nonprofits can harness the power of digital technology to help solve the most serious problems of the twenty-first century As the speed and complexity of the world increases, governments and nonprofit organizations need new ways to effectively tackle the critical challenges of our time—from pandemics and global warming to social media warfare. In Power to the...

May 20, 2021

Blogs, Pension Management, Regulation2021, Public Policy, Technology

25MarMarch 25, 2021

Opportunities for Stronger and Sustainable Postpandemic Growth 2021 Latin American and Caribbean Macroeconomic Report

By Eduardo Cavallo, Andrew Powell The COVID-19 shock was a significant and traumatic crisis for Latin America and the Caribbean. The pandemic dealt the region what I previously described as an unprecedented triple sudden stop, with major simultaneous disruptions in human mobility, trade, and capital flows. This was immensely dangerous. As human mobility was paralyzed by lockdowns and fear of contagion, investments fell, and trade was upended, the triple sudden stop challenged the region like few things in the past....

March 25, 2021

Books, Reports, System Sustainability2021, COVID-19, Political economy, Public Policy

August 2021

Thatcher: the Myth of Deregulation

July 2021

Emerging markets pushed to the sidelines for now

Pensions for Whom? Redistribution of Public Pension with an Endogenous Income-Longevity Gradient

June 2021

The Gender Pensions Gap

Bright Africa 2020 Pension Industry. Modernising pension policies to future-proof long-term savings

Pensions – 5 things for policy makers to close the gender pensions gap

Risk-Adjusted Valuation in the Worker’s Economic Decision Making

May 2021

Power to the Public: The Promise of Public Interest Technology

March 2021

Opportunities for Stronger and Sustainable Postpandemic Growth 2021 Latin American and Caribbean Macroeconomic Report