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The Impact of Social Protection on Children

Autor: Sanfilippo, Marco; de Neubourg, Chris; Martorano, Bruno
Año: 2012
Resumen: Social protection is particularly important for children, in view of their higher levels of vulnerability compared to adults, and the role that social protection can play in ensuring adequate nutrition, access to and utilization of social services. While existing evidence shows that social protection programmes successfully address several dimensions of child well-being – often in an indirect way – a move towards a more “child sensitive” approach to social protection has recently been advocated at the highest level in the international development community. Until now, however, the efforts that have been made to analyse the evidence regarding how social protection affects children have been based on wider analyses of the overall impact of social protection on different groups of recipients, or on analyses based on specific outcomes. This paper explores this issue in more detail. Based on an extensive analysis of the existing evidence on the impact of social protection programmes in the developing world, the paper aims to assess what are the channels that have to be taken into account to understand how the benefits of social protection could be maximized with specific regard to the different dimensions of children’s well-being.

Fuente: Organización de las Naciones Unidas (ONU)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
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Global Pension Systems and Their Reform: Worldwide Drivers, Trends, and Challenges

Autor: Holzmann, Robert
Año: 2012
Resumen: Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives, moving reform needs, and a changing enabling environment. The ongoing worldwide financial crisis and the adjustment to an uncertain 'new normal' will make future pension systems different from past ones. The objectives of this policy review paper are threefold: (i) to briefly review recent and ongoing key changes that are triggering reforms; (ii) to outline the main reform trends across pension pillars; and (iii) to identify a few areas on which the pension reform community will need to focus to make a difference. The latter includes: creating solutions after the marginalization or, perhaps, demise of Bismarckian systems in countries with high rates of informality; keeping the elderly in the labor market; and addressing the uncertainty of longevity increases in pension schemes.

Fuente: Banco Mundial
Clasificación: Reformas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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Israel: Technical Note on Stress Test of the Banking, Insurance and Pension Sectors

Autor: Fondo Monetario Internacional (FMI)
Año: 2012
Resumen: The Israel Financial Sector Assessment Program (FSAP) Update stress testing exercise comprises a comprehensive analysis of solvency and liquidity risks of key banking and insurance institutions. Stress tests were carried out in collaboration with the authorities. The FSAP Update team would like to express its appreciation for the contributions of the staff of the BOI and the Capital Markets, Insurance and Savings Division (CMISD) of the Ministry of Finance (MOF) in the undertaking of this exercise. The Israeli staff involved were consistently open, knowledgeable and innovative. […] Any realization of low probability but extreme tail risks from regional geopolitical risks or shock from serious economic crisis in developed economies would pose a challenge, and the authorities need to remain vigilant. Stress tests rely on historical relationships of macro data to risk parameters which may not be representative of future relationships (i.e., there is model risk). Going forward, improvements in solvency and liquidity stress testing procedures should be continued. In the area of corporate credit risk, stress testing satellite models using corporate sector expected default frequencies (EDFs) and enhanced macro model linkages would be desirable, improvements on stress testing credit risk and concentration, MOF and BOI increased collaboration on integrated bank and insurance company stress testing. This should be carried out in a way to better understand systemic risk and help guide micro and macroprudential policies

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Regulación y Supervisión
Tipo de Publicación: Notas de Pensiones
Idioma:

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Japan: Selected Issues

Autor: Fondo Monetario Internacional (FMI)
Año: 2012
Resumen: Japan has a universal public pension system. Social security spending is a key fiscal policy challenge in Japan. The 2004 pension reforms have increased the ratio of the government subsidy to the basic pension benefit. Three reform measures are necessary to improve pension finances: an increase in pension eligibility age, a reduction in the pension benefit, and an increase in contributions. Eliminating the preferential tax treatments of pension income and collecting pension contributions from dependent spouses could contribute to fiscal savings.

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

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Annuities and Other Retirement Products : Designing the Payout Phase

Autor: Rocha, Roberto; Vittas, Dimitri; Rudolph, Heinz P.
Año: 2011
Resumen: This book examines recent changes in the landscape of retirement products and annuity markets in five countries. All the selected countries (Australia, Chile, Denmark, Sweden, and Switzerland) have mandatory or quasi-mandatory savings schemes. But they also exhibit significant differences in the structure of their pension systems, the relative importance of public pillars, the role and structure of private provision, the level of annuitization, and the structure and focus of their regulatory frameworks. Five studies have been commissioned to examine the state of annuity markets in each of these countries. The findings of these studies are summarized in the last five chapters of this book. The chapters of this book is discusses the various risks faced by pensioners and the risk characteristics of alternative retirement products, and it reviews the risks faced by providers of retirement products and the management and regulatory challenges of dealing with those risks. The chapter then discusses the risks faced by providers and reviews the challenges of various regulatory issues, ranging from the institutional organization of the market for retirement products to the regulation of marketing and pricing policies and the regulation of risk management. The chapter concludes with a brief summary of main points and conclusions.

Fuente: Banco Mundial
Clasificación: Regulación y Supervisión
Tipo de Publicación: Libros
Idioma:

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