To adapt pension systems to demographic trends, many countries are reducing pay-as-you-go public pension levels and lifting retirement ages. In this context, funded pensions could play a major role to avoid adequacy gaps. Yet, as this paper shows, the coverage of funded private pensions, as measured by enrolment rates, is highly uneven across countries and between individuals, especially in...
Considering the growing role of private and funded pension provision and the sensitivity of private pension provision to the economic climate, there is an increasing need of comparable and reliable information on private pension plans in order to better monitor retirement income adequacy and the role of private provision in retirement income. Key indicators of the extent to which private pension...
Savings and investments by individuals are important both for personal financial well-being and for economic growth. Many governments try to encourage their citizens to save more, or to save more appropriately, by preferring formal institutions to informal saving and by promoting more diversification. However, there are considerable barriers to saving, including limited access to financial markets...
Favourable conditions such as the growth of pension fund assets, privatisation trends and changing regulations have increased the interest of institutional investors in infrastructure investment. However, data on pension fund investment in infrastructure is limited. National statistical agencies do not currently collect separate data on these investments, and the different modes available to...
This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements, identifying instances where such regulations may have driven changes in investment strategies and...
Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also have the highest asset allocation to infrastructure around the globe today. This paper compares and contrasts the experience of institutional investors in the two countries looking at factors such as infrastructure policies, the pension system, investment strategies and governance...
Esta tercera nota sobre APP en salud complementa a las dos primeras que caracterizan los modelos de APP en salud (Nota Técnica Nº1) y describen las condiciones necesarias para que los contratos APP puedan transferir el riesgo desde el sector público al privado (Nota Técnica Nº2). En esta tercera nota se efectúa una revisión de la literatura disponible sobre las APP y la organiza de acuerdo con los...
This paper studies the first large scale effort by the Brazilian government to increase the social security compliance of self-employed workers using behavioral interventions. In 2014, the Brazilian Ministry of Social Security gradually delivered by postal mail a booklet reminding nearly 3 million self-employed workers their obligation to contribute to social security. We find that, sending the...
Desde hace algunos años ha sido creciente la inquietud sobre la evolución de los sistemas estatales de pensiones. El monto creciente de su déficit, el lento ritmo con que avanza su reestructuración, además de su dimensión frente al monto de endeudamiento a que obligan los compromisos del ISSSTE o del IMSS y de otros sistemas, inducen a revalorar el alcance de sus transformaciones y el margen del...
El Reporte Mundial sobre la Seguridad Social 2010-2011 de la Organización Internacional del Trabajo (OIT) hace un recuento de la calidad y los alcances de la cobertura de diferentes programas que comprenden la asistencia social en el mundo. Este artículo describe algunos desafíos que deberán afrontar los países para dar respuesta a la crisis financiera con la seguridad social.
