Pensions

The aging process is unstoppable. We need to adapt ourselves to the demographic transition and build the right policies to deal with this. Using the population projections by the United Nations and the labor force participation by the World Bank, Latin America has 5.2 potential workers[1] per elder; by 2040, that ratio would be 3, […]

BY LAUREN MCHUGH In the hundreds of campaign tweets made by Illinois governor candidates Bruce Rauner and J.B. Pritzker in the past several months, they have each mentioned pensions just once. This is despite the state’s unfunded pension liability exceeding the GDP of Iceland, Nicaragua and Kenya combined. Behavioral economics tells us that precisely because […]

BY TOBIAS PETER In the developed world, parents have come to expect that living standards will rise for their children. A recent poll, however, reveals disturbingly low percentages of people living in developed countries who believe this will be true for millennials, the generation born between the early 1980s and early 2000s.  Especially striking is […]