Author: Samuel Pienknagura Publisher: International Monetary Fund ISBN: 151359611X Category : Business & Economics Languages : en Pages : 52
Book Description
Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Author: OECD Publisher: OECD Publishing ISBN: 9264433074 Category : Languages : en Pages : 157
Book Description
Labour market inequalities are well-known to be the main drivers of the gender pension gap. This publication focuses on helping governments find solutions for retirement savings arrangements that do not further exacerbate these inequalities.
Author: Gordon L. Clark Publisher: Oxford University Press, USA ISBN: 9780199272464 Category : Business & Economics Languages : en Pages : 954
Book Description
This handbook draws on research from a range of academic disciplines to reflect on the implications for provisions of pension and retirement income of demographic ageing. it reviews the latest research, policy related tools, analytical methods and techniques and major theoretical frameworks.
Author: Claude Diebolt Publisher: Springer ISBN: 3319994808 Category : Business & Economics Languages : en Pages : 365
Book Description
This contributed volume applies cliometric methods to the study of family and households in order to derive global patterns and determine their impact on economic development. Family and households are a fundamental feature of societies and economies. They are found throughout history and are the place where key decisions on fertility, labour force participation, education, consumption are made. This is especially relevant for the position of women. The book gathers key insights from a variety of fields – economics, history, demography, anthropology, biology – to shed light on the relation between family organisation and the long-term process of economic development.
Author: Nicholas Barr Publisher: Oxford University Press ISBN: 0199741972 Category : Business & Economics Languages : en Pages : 261
Book Description
Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.
Author: Nicholas Barr Publisher: Oxford University Press ISBN: 0199885990 Category : Business & Economics Languages : en Pages : 785
Book Description
Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.
Author: Neil Gilbert Publisher: Routledge ISBN: 1351518119 Category : Political Science Languages : en Pages : 250
Book Description
Aging populations are creating tremendous pressures on social security systems throughout the world, lifting the need for reform to the top of policy agendas. Proposed reforms often have different implications for men and women. At the same time, traditional family and gender roles are changing with the decline in fertility rates and the rapid rise in women's participation in the paid labor force.While trying to adapt social security systems to the fiscal demands of aging societies, policymakers face the compelling challenge of how to design pension reforms that achieve fair outcomes for women. Gender and Social Security Reform examines how different countries are attempting to meet this challenge. Drawing on comparative studies of European and Latin American countries along with a series of case studies of individual countries, the book provides insights into the gender dimensions of alternative designs for reform. All of the countries studied have recently reformed or are about to reform their pension systems, with a clear trend towards tightening the link between contributions and benefits in order to secure the long-term sustainability of pensions. The book also alerts policymakers to other issues: Should pension systems be gender-neutral or compensate for inequalities in paid and unpaid labor? Does compensation preserve gender discrimination? Are unisex life tables a reliable or fair redistributive tool for women? Or should annuities be linked directly to life expectancy, differentiated by sex and potentially other factors? Does a minimum pension guarantee risk compromising the principle of individual responsibility and work? How can recognition for caring work be balanced with work incentives? What can be done to help social security systems preserve freedom of choice in terms of work-family balance for women, men or the modem family unit as a whole?In analyzing the gender implications of recent social security policies and practices
Author: Marta Peris-Ortiz Publisher: Springer Nature ISBN: 3030379124 Category : Business & Economics Languages : en Pages : 487
Book Description
This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.
Author: Sylvia H. Chant Publisher: Edward Elgar Publishing ISBN: 1849805164 Category : Social Science Languages : en Pages : 733
Book Description
. . . possibly the most comprehensive contribution to a detailed and thorough analysis of gendered dimensions of international poverty contexts, causes, and consequences ever brought together into one volume. Gender and Development I recommend this book to be a staple of reference libraries. British Politics and Policy With international attention focused on halving poverty by 2015, the appearance of The International Handbook of Gender and Poverty is both timely and essential. Sylvia Chant is to be congratulated for producing a state-of-the-art compendium of everything you need to know about the often hidden, gendered, dimensions of poverty. Edited and written by leading scholars and policy advisers, the Handbook comprehensively covers the key themes that are vital to understanding poverty as a gendered process, combining policy lessons with theoretical insight. Richly illustrated with examples from across the world, this book will not only be welcomed by all those dedicated to the study of poverty, but, by casting new light on its causes, will also help to develop appropriate measures to tackle it. Professor Maxine Molyneux, Institute for the Study of the Americas, University of London, UK While each of the articles in this impressive collection makes an original contribution to the conceptual, empirical and policy analysis of gender and poverty, together they provide a comprehensive overview of the field and an essential resource for all sections of the development community. Professor Sylvia Chant is to be congratulated for bringing together some of the leading thinkers in the field from across the world. This is not only an unprecedented feat of international co-operation but feminist collaboration at its best. Professor Naila Kabeer, Institute of Development Studies, University of Sussex, UK These diverse, thoughtful essays go far beyond a mere summary of international scholarship. They outline a fascinating and provocative agenda for future policy-relevant research. This book will help redefine and revitalise the field of gender and development. Professor Nancy Folbre, Department of Economics, University of Massachusetts, Amherst, USA In the interests of contextualising (and nuancing) the multiple interrelations between gender and poverty, Sylvia Chant has gathered writings on diverse aspects of the subject from a range of disciplinary and professional perspectives, achieving extensive thematic as well as geographical coverage. This benchmark volume presents women s and men s experiences of gendered poverty with respect to a vast spectrum of intersecting issues including local to global economic transformations, family, age, race , migration, assets, paid and unpaid work, health, sexuality, human rights, and conflict and violence. The Handbook also provides up-to-the-minute reflections on how to theorise, measure and represent the connections between gender and poverty, and to contemplate how gendered poverty is affected and potentially redressed by policy and grassroots interventions. An unprecedented and ambitious blend of conceptual, methodological, empirical and practical offerings from a host of established as well as upcoming scholars and professionals from across the globe lends the volume a distinctive and critical edge. Notwithstanding the broad scope of The International Handbook of Gender and Poverty, one theme in common to most of its 100-plus chapters is the need to en-gender analysis and initiatives to combat poverty and inequality at local, national and international levels. As such, the volume will inspire its readers not only to reflect deeply on poverty and gender injustice, but also to consider what to do about it. This book will be essential reading for all with academic, professional or personal interests in gender, poverty, inequality, development, and social, political and economic change in the contemporary world.
Author: Mr.Benedict J. Clements Publisher: International Monetary Fund ISBN: 1484395093 Category : Business & Economics Languages : en Pages : 432
Book Description
Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of government expenditure. Second, population aging means that reforms would be needed just to keep pension spending from rising in the future. Third, in many economies, low or falling pension coverage will leave large segments of the population without adequate income in old age and at risk of falling into poverty. Although a number of studies have assessed the effects of pension reforms on fiscal sustainability, a systematic analysis of equity issues in pension systems—and how countries have grappled with these issues—has yet to be undertaken. This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world. Some of the key issues covered include: the effect of pension systems on intergenerational equity and the impact of pension reforms on poverty, the effects of pension reform measures on fiscal sustainability and equity, and the fiscal consequences of achieving different equity goals. It also presents country case studies. The volume provides a rich menu of material to assist policymakers and academic audiences seeking to understand the latest research in this area, as well as the lessons and challenges for the design of reforms.
Author: Samuel Pienknagura
Author: OECD
Author: Gordon L. Clark
Author: Claude Diebolt
Author: Nicholas Barr
Author: Nicholas Barr
Author: Neil Gilbert
Author: Marta Peris-Ortiz
Author: Sylvia H. Chant
Author: Mr.Benedict J. Clements