December 2019

09Dec

Greece. Mechanism for retirees with low pensions

The government is planning to abolish the so-called 13th pension, i.e. the handout to pensioners the SYRIZA administration distributed before the elections this year, though the 971 million euros handed out to 2.5 million retirees will stay in their pockets. The Labor Ministry is already working on the creation of a permanent mechanism for the support of recipients of low pensions, within the social security system. The amount of the support and the width of the pensioner catchment will...

December 9, 2019
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06Dec

The Real Effects of Environmental Activist Investing

By S Lakshmi Naaraayanan, Kunal Sachdeva, Varun Sharma Using a socially-motivated activist campaign by a large pension fund, we measure the real effects of activist investing on pollution and the environment. Targeted firms reduced their total toxic chemical releases, production-related emissions, cancer-causing pollution, environmental accidents, and legal risks. These effects do not come at the expense of lower financial performance or returns. We rule out natural alternative hypotheses while also presenting evidence supporting the external validity of socially motivated...

December 6, 2019
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06Dec

A Look at France’s Heated Debate Over Pensions

The planned overhaul of the French pensions system aims to streamline a complicated patchwork of provisions, but workers argue it will require them to work longer and will reduce their income. The heated debate over the changes to the retirement system are laid bare in the nationwide strike and protests taking place Thursday. The popular discontent will test the resolve of the government of President Emmanuel Macron, who says it remains determined to pass the reform next year. Here's a look at...

December 6, 2019
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06Dec

ESG investing to move faster in Asia

Although in its initial stages and faced with challenges, opportunities in ESG investing are rising in Asia. Thanks to a governmental push as well as growing ESG awareness and compliance among institutional investors, sustainability is quickly picking up in Asia, though challenges still exist. Featuring Christopher Hui, executive director, Financial Services Development Council; Karine Hirn, partner, chief sustainability officer, East Capital; William Ng, ESG engagement analyst, investment team, HSBC Global Asset Management; and Paul Milon, sustainability and ESG integration specialist, BNP...

December 6, 2019
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06Dec

Social sustainability is the future

By Yolande Barnes I talked about writing up the conference we held on the next 100 years of real estate. To my surprise, the “mum, you’re so boring/embarrassing” teenage eye roll didn’t happen. I asked: “What do you think I should write?” I got the response: “Why don’t you write about how young people have to pay huge rents and can’t afford to get on the housing ladder?” Although this was something I had written about before, she had brought a...

December 6, 2019
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05Dec

Strike paralyses France as unions protest pension overhaul

A nationwide strike brought much of France to a standstill on Thursday as tens of thousands hit the streets to protest a pension overhaul by President Emmanuel Macron, which unions say will force millions of people to work longer or face curtailed benefits. Read also A Look at France’s Heated Debate Over Pensions Trains, metros and buses, as well as some flights, were cancelled while most schools were closed or only assuring daycare services, forcing many parents to find alternatives...

December 5, 2019
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05Dec

Chile approves lower-range pension hike amid protests

The Chilean Senate has unanimously passed a bill to gradually increase the lowest pensions in the country by up to 50 per cent amid anti-government protests. The bill had earlier been passed in the Chamber of Deputies on Tuesday, and after its passage in the Senate on Wednesday, it was now ready to be enacted as a law, reports Efe news. Read also Canadian Pensions Acquire Stake in Mexican Construction Firm The initiative was a part of the social...

December 5, 2019
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February 2017

03Feb

Poverty, Inequality, and Social Policy in Transition Economies

By Branko Milanovic What happens to poverty and income inequality during the early period of transition to a market economy? Poverty is on the rise, and income inequality widens. Better targeting of social assistance and pension reform are the necessary policy reforms. In examining what happens to poverty and income inequality during the early period of transition to a market economy, Milanovic covers the period up to 1993. His analysis includes almost all transition economies that were not affected by...

February 3, 2017
Articles, Labor Market,
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03Feb

Social Protection Floors Volume 1: Universal Schemes

By Isabel Ortiz, Valérie Schmitt & Loveleen De This volume showcases universal old-age and disability pensions as well as universal maternity and child protection schemes in developing countries like Argentina, Bolivia, Cabo Verde, China, Colombia, Lesotho, Mongolia, Rwanda, South Africa, Thailand, Timor Leste and Trinidad and Tobago. The volumes in this Ilo series present best country experiences, useful for South-South learning, for practitioners, and to provide the basis for better informed policy-making. Full Content: SSRN

February 3, 2017
Articles, Labor Market, Regulation
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03Feb

Protección Pensional a Las Personas Sin Ingresos: Un Mandato Constitucional Colombia

By Alejandro Botero This paper identifies the specific characteristics of the Colombian pension model that demonstrate its incongruence with to the constitutional rules set out for the right to pension considered as an economic, social and cultural right. Therefore, the establishment of non-contributory pillars and the elimination of subsidies to the population with incomes are proposed as a step in correcting the current problems of the General Pension System. Full Content: SSRN

February 3, 2017
Artículos, Noticias, Spanish
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