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Eldercare Policies in East Asia and Europe

Autor: Organización de las Naciones Unidas (ONE) Mujeres; Peng, Ito; Yeandle, Sue
Año: 2017
Resumen: Adequate and dignified care provision for elderly populations is becoming an urgent policy issue, not only in high-income countries, but also in many middle- and low-income ones. This discussion paper documents and analyses varieties of eldercare policies, and their readjustments, in East Asia and Europe.

Fuente: Organización de las Naciones Unidas (ONU)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Artículo Académico
Idioma:

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Pension Coverage for Parents and Educational Investment in Children: Evidence from Urban China

Autor: Mu, Ren; Du, Yang.
Año: 2017
Resumen: When social security is established to provide pensions to parents, their reliance upon children for future financial support decreases, and their need to save for retirement also falls. In this study, the expansion of pension coverage from the state sector to the non-state sector in urban China is used as a quasi-experiment to analyze the intergenerational impact of social security on education investments in children. In a difference-in-differences framework, a significant increase in the total education expenditure is found to be attributable to pension expansion. The results are unlikely to be driven by other observable trends. They are robust to the inclusion of a large set of control variables and to different specifications, including one based on the instrumental variable method.

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

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Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Insurance and Pension Sectors

Autor: Fondo Monetario Internacional (FMI)
Año: 2017
Resumen: The governance, accountability, and internal processes of the supervisors, operating under a well-functioning twin-peaks model, are robust. Nevertheless, further coordination in some areas could boost the efficiency of supervision. Important positive regulatory developments have taken place in the insurance and the pension sectors since the FSAP. However, elements affecting the operational independence of the supervisors remain present in the legislation. The supervisory approaches of the DNB and AFM have increased in forward-looking and riskbased aspects. The current approach to on-site supervision requires strong confidence in the off-site tools. Group supervision has significantly improved but, in some cases, important powers for a comprehensive group supervision are not available. The focus on Solvency II implementation remains strong; however, supervisory arbitrage remains a risk that needs to be addressed at the EU level. Notwithstanding the Solvency II ratios well above 100 percent, the life sector is fragile. The DNB should remain vigilant and closely monitor the transition into Solvency II. The non-life sector is highly competitive and nonprofitable if investment income is excluded. The winding up of insurers can be a lengthy process that requires a strengthening of current resolution tools at the national and the EU levels to protect policyholders. The second pillar pension system is under stress with over ninety percent of the pension funds in terms of assets to be subject to a recovery plan as of Q2-2016. The pension system is in transition and a new model is under discussion. When designing the new pension system consideration should be made to reinstate the qualities that existed in the system and add portability.

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries

Autor: Nozaki, Masahiro
Año: 2017
Resumen: How much of an internal rate of return would a sustainable pay-as-you-go pension system offer current and future generations equally? The answer is the sum of the Long-Run Biological Interest Rates (LBIR), the real-world equivalent of Samuelson’s (1958) biological interest rate, and future productivity growth. Reflecting global population ageing, the median LBIR across 172 countries is as low as 1 percent per year. The LBIRs are particularly low in advanced countries, estimated to be negative in many of them, and require ample financial reserves today or future productivity growth to maintain participation in pension schemes. On the other hand, the LBIRs in less developed regions, such as in sub-Saharan Africa, are relatively high, indicating a potential to use a pay-as-you-go scheme to expand the coverage of public pensions. Raising the retirement age by five years brings up the LBIR by 40 basis points, significantly improving the long-run budget constraint of a pension scheme.

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

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Bulgaria Financial Sector Assessment Program: Insurance and Pensions Supervision

Autor: Grupo Banco Mundial
Año: 2017
Resumen: This technical note results from the Financial Sector Assessment (FSAP) conducted in the period 17 January 2017 and 1 February 2017. The note covers the activities of the Financial Supervision Commission (FSC), the state of the pension and insurance sectors and the challenges to their development. The exercise for insurance did not involve a full assessment against the Insurance Core Principles of the International Association of Insurance Supervisors. During the FSAP, meetings were held with the Chairperson, Deputy Chairpersons and senior staff of the FSC and representatives of both the pension and insurance sectors.

Fuente: Banco Mundial
Clasificación: Seguro
Tipo de Publicación: Notas de Pensiones
Idioma:

Para visualizar el documento, clic aquí »

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