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Programas sociales, superación de la pobreza e inclusión laboral: aprendizajes desde América Latina y el Caribe

Autor: Abramo, Laís; Cecchini, Simone; Morales, Beatríz
Año: 2019
Resumen: En América Latina y el Caribe se están implementando diversos programas sociales para superar la pobreza y reducir las desigualdades a lo largo del ciclo de vida, como los programas de transferencias condicionadas, los programas de inclusión laboral y productiva, y las pensiones sociales. En este libro se ofrece un análisis actualizado de estos programas y su relación con la inclusión laboral, y se abordan los debates en curso sobre sus posibles incentivos y desincentivos a la oferta laboral, formalización y trabajo infantil entre la población destinataria.

Fuente: Comisión Económica para América Latina (CEPAL)
Clasificación: Mercado Laboral
Tipo de Publicación: Libros
Idioma:

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Thailand Financial Sector Assessment Program: Funded Pension System

Autor: Banco Mundial
Año: 2019
Resumen: While Thailand’s pension system is typically described as a multipillar pension scheme, its design is highly fragmented and offers adequate coverage only to a small segment of the population, including civil servants and high-income individuals. In its 2018 Article IV report, the IMF highlighted the need for a broader pension reform, including parametric changes and ender inclusivepolicies to improve female labor force participation and attenuate the impact of aging on productivity growth. While these reforms are needed, private pensions can also play a role inimproving retirement income for individuals. As agreed with the Thai authorities, this technical note provides an assessment of the private, funded components of the pension system. A key component assessed is the voluntary provident fund scheme (PVD). The PVD scheme is voluntary and operates as a tax-incentivized scheme, which allows both employers and employees to take advantage of generous tax benefits for savings for retirement. This note also addresses the challenges of the private, funded system and proposes policy recommendations for increasing coverage, improving efficiency, and delivering sustainable retirement income in the payout phase. This note is organized as follows. The next section provides a brief description of the current overall pension system, public and private; Section III provides a diagnostic of the main challenges in the private, funded system; and Section IV provides recommendations for optimizing the design of the private, funded pension system. The focus of the note is to improve the incentive structure of the private, funded pension scheme.

Fuente: Banco Mundial
Clasificación: Ahorro Previsional
Tipo de Publicación: Notas de Pensiones
Idioma:

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Development of Capital Markets and Pension Funds

Autor: Banco Mundial
Año: 2019
Resumen: Poland’s capital markets can play a crucial supporting role to the ongoing economic development and efficient allocation of credit. Capital markets will become increasingly important to meet the long-term funding needs of strategic sectors, including large, medium and small entities. Expansion and diversification of capital market instruments and hedging tools will also be essential to provide adequate investment and risk management vehicles to much needed long-term savings. While capital market offers different sources of financing, this note focuses primarily on the fixed income markets. This technical note is structured as follows. Section II covers each of the main market segments, including money markets, government and non-government bond markets and derivatives markets. Section III provides an examination of the investor base, the current participation of the different investor segments in the bond markets, and recommendations to reach broader and more effective investor diversification. The Section IV is focusing on the critical reform of the Employee Capital Plan (PPK), as one critical group of institutional investors.

Fuente: Banco Mundial
Clasificación: Fondos de Inversión
Tipo de Publicación: Notas de Pensiones
Idioma:

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Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

Autor: Freudenberg, Christoph; Toscani, Frederik G.
Año: 2019
Resumen: Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using administrative microdata at the affiliate level, we project replacement rates in the defined benefit (DB) and defined contribution (DC) pillars over the next 30 years and simulate the impact of various reform scenarios on the average level and distribution of pensions. In the DB pillar, the regressive minimum contribution period should be re-thought, while in the DC pillar a broadening of the contribution base and/or an increase in contribution rates would help increase replacement rates relative to the baseline forecast of 25-33 percent. A higher net real rate of return than assumed in the baseline would also have a significant positive impact. In the medium-term, labor market reform to tackle informality, and a broad pension reform to restructure the system and avoid competition between the DB and DC pillars should be a priority. Given low pension coverage, having a strong non-contributory pillar will remain important for the foreseeable future.

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Reformas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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The Italian NDC Scheme: Evolution and Remaining Potholes

Autor: Gronchi, Sandro; Nisticò, Sergio; Bevilacqua, Mirko
Año: 2019
Resumen: Starting from a reconstruction of the political context in which the Italian 1995 pension reform took shape, this paper reviews the essential features of the 1995 and post-1995 legislation and assesses its fundamental shortcomings. A straightforward theoretical discussion highlights both the targets and the instruments representing the hallmark of the nonfinancial defined contribution (NDC) model. The contrast of such theoretical premises with the Italian legislation points out the persistent original mistakes together with the necessary remedies.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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