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On the financial sustainability of earnings-related pension schemes with "pay-as-you-go" financing and the role of government indexed bonds
Robalino, David A. - 2006
"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...
Persistent link: https://www.econbiz.de/10010522096
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Notional Accounts : Notional Defined Contribution Plans as a Pension Reform Strategy
World Bank - 2012
Notional accounts are designed to mimic a defined contribution plan, where the pension depends on contributions and investment returns. (For this reason, they are sometimes called notional, defined-contribution schemes). Pension contributions are tracked in accounts which earn a rate of return....
Persistent link: https://www.econbiz.de/10012556339
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Annuity markets in Chile : competition, regulation - and myopia ?
Walker, Eduardo - 2006
"The author studies annuity rates in Chile and relates them with industry competition. He finds (1) that annuity insurance companies paying higher broker commissions paid lower annuity rates; and (2) a structural break of the long-run elasticity of annuity rates to the risk-free rate in 2001....
Persistent link: https://www.econbiz.de/10010522090
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An empirical analysis of the annuity rate in Chile
Rocha, Roberto Rezende - 2006
"Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability of data. The authors use a panel of life insurance...
Persistent link: https://www.econbiz.de/10010522132
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An analysis of money's worth ratios in Chile
Thorburn, Craig - 2006
"Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the depth of its market and the availability of data. The authors use an extensive dataset on...
Persistent link: https://www.econbiz.de/10010522135
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Rwanda Diagnostic Review of Consumer Protection and Financial Literacy : Private Pensions and Securities, Volume 2. Comparison with Good Practices
World Bank - 2015
This review of consumer protection and financial literacy (CPFL) in the private pensions and securities sectors in Rwanda complements the 2013 review of Rwanda's banking, microfinance, and insurance sectors. As noted previously, the institutional elements of the formal financial sector in Rwanda...
Persistent link: https://www.econbiz.de/10012248142
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Annuities : Regulating Withdrawals from Individual Pension Accounts
World Bank - 2012
Pension, to most people, implies a regular payment from a specific age-such as retirement-until death. Individual retirement accounts are a vehicle for retirement savings but they do not become a pension in the conventional sense of the word until they are converted to an 'annuity'. How much and...
Persistent link: https://www.econbiz.de/10012556333
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Lifelong Learning in the Global Knowledge Economy : Challenges for Developing Countries
World Bank - 2013
Consideration of lifelong learning extends the World Bank's traditional approach to education, in which subsectors are … James Wolfensohn referred explicitly to lifelong learning as a component of what education means for poverty alleviation In … the challenges of developing a lifelong learning system. While the World Bank's involvement in lifelong education is still …
Persistent link: https://www.econbiz.de/10012563732
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COVID-19 Learning Losses : Rebuilding Quality Learning for All in the Middle East and North Africa
UNESCO; UNICEF; World Bank - 2021
measures put in place to ensure continuity of learning. These include the Survey of Ministries of Education on National … available on how students' learning is being affected by the disruptions caused by the pandemic or on the impact of education … simulations of potential learning losses due to COVID-19 and exploration of their longer-term implications. The analysis is based …
Persistent link: https://www.econbiz.de/10013255450
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Alternative and Inclusive Learning in the Philippines
World Bank - 2016
worryingly high. More than five million youths have failed to complete a basic education. Alternative Learning System (ALS) is a … analyzes (a) the target populations, (b) current beneficiaries, (c) delivery modes (with a focus on learning facilitators …
Persistent link: https://www.econbiz.de/10012644449