Manuel Garcia Huitron

Chapter 3 in "Rethinking the Social Protection Survey in Chile." IPSOS Chile and Subsecretaria de Prevision Social.

Under peer-review

Forthcoming

Forthcoming

Under peer-review.

Commissioned by *Confidential*

Commissioned by *Confidential*

Commissioned by *Confidential*

Commissioned by *Confidential*

Chapter in Transition to a new pension contract in the Netherlands: Lessons from abroad

Under embargo. Technical note prepared for the Ministry of the Economy, Brazil

Under embargo. Technical note prepared for the Ministry of the Economy, Brazil

Under embargo. Technical note prepared for the Ministry of the Economy, Brazil

Check-out our blog entry based on the note: https://blogs.iadb.org/brasil/pt-br/as-reformas-de-previdencia-que-estao-por-vir-equilibrando-sustentabilidade-e-igualdade/

Technical Note.

Technical Note. Forthcoming in 2019

Technical Note. Forthcoming in 2019 (currently under embargo)

Los sistemas de pensiones son un elemento central del estado del bienestar. Estos son contratos sociales que tienen como principal objetivo proporcionar un consumo digno a los adultos mayores en aquellos años donde generar ingreso es más difícil. El diseño de estos contratos sociales es crucial al menos por tres motivos. Primero, las implicaciones para el bienestar del ciudadano son de una magnitud extraordinaria. Para una persona, obtener o no una pensión puede significar tremendas diferencias… Mostrar más

Los sistemas de pensiones son un elemento central del estado del bienestar. Estos son contratos sociales que tienen como principal objetivo proporcionar un consumo digno a los adultos mayores en aquellos años donde generar ingreso es más difícil. El diseño de estos contratos sociales es crucial al menos por tres motivos. Primero, las implicaciones para el bienestar del ciudadano son de una magnitud extraordinaria. Para una persona, obtener o no una pensión puede significar tremendas diferencias de bienestar en la última etapa de su vida. Segundo, desde el punto de vista de la sociedad, el sistema pensional redistribuye una gran cantidad de recursos entre individuos de una misma cohorte y entre generaciones. Tercero, el gasto asociado a pensiones afecta directamente la estabilidad fiscal y macroeconómica de los países. Sin embargo, a pesar de su importancia, las características y consecuencias de los distintos diseños de sistema de pensiones para los ciudadanos y Estados son ampliamente desconocidas en América Latina y el Caribe, una región donde sólo el 52,8% de los trabajadores cotiza a pensiones en un momento dado (SIMS, 2015) y se empiezan a ver importantes problemas de sostenibilidad financiera en algunos países y de adecuación (o nivel de pensión) en otros. Mostrar menos

Recent technological innovation in fields such as robotics, automation, and artificial intelligence have reduced the number of workers required in a range of sectors, while lowering costs and increasing reliability. This trend has led policymakers, academics, CEOs, and entrepreneurs to ask what types of jobs will be most affected, what new skillsets will be needed for the jobs of tomorrow, and how governments can ease the transition. “The Future of Work: Regional Perspectives” considers how… Mostrar más

Recent technological innovation in fields such as robotics, automation, and artificial intelligence have reduced the number of workers required in a range of sectors, while lowering costs and increasing reliability. This trend has led policymakers, academics, CEOs, and entrepreneurs to ask what types of jobs will be most affected, what new skillsets will be needed for the jobs of tomorrow, and how governments can ease the transition. “The Future of Work: Regional Perspectives” considers how technology is likely to change labor markets in Africa, Developing Asia, Emerging Europe, Central Asia, Southern and Eastern Mediterranean, and Latin American and the Caribbean in the coming years. The study identifies concrete policy actions countries in these regions could take to face up to the challenges and seize the opportunities presented by emergent technology. Mostrar menos

This chapter addresses the question of how the design of DC schemes can be improved. The main thrust is that DC schemes in Latin America were a true revolutionary innovation in pensions at inception, but their design needs to evolve in order to overcome the challenges being faced.

This paper explores the determinants of public pension plan configurations. It is argued that the level of intragenerational redistribution in public pension plans is related to a country's cultural background. The level of intragenerational redistribution is measured by Krieger and Traub's Bismarckian factor. The countries’ cultural background is operationalized using cultural dimensions developed by Hofstede. The empirical results are in line with our hypotheses. Uncertainty avoidance… Mostrar más

This paper explores the determinants of public pension plan configurations. It is argued that the level of intragenerational redistribution in public pension plans is related to a country's cultural background. The level of intragenerational redistribution is measured by Krieger and Traub's Bismarckian factor. The countries’ cultural background is operationalized using cultural dimensions developed by Hofstede. The empirical results are in line with our hypotheses. Uncertainty avoidance appears to have a significant, positive association with the Bismarckian factor (low intragenerational redistribution in public pensions), whereas the relation with individualism is negative (high intragenerational redistribution). Moreover, a positive association is found between the Bismarckian factor and inflation shocks in the first half of the 20th century. While the sample size is limited, the results are robust to the inclusion of different economic, institutional, and demographic control variables. These findings have important public policy implications. We argue that pension reform proposals suggesting a transformation of public to private pension provision have to be evaluated taking into account the cultural background of countries. Mostrar menos

Submission to the Consultation "NEST: Evolving for the future – Fairness, simplicity and confidence."

This paper provides an in-depth comparison of funded pension savings plans around the world. The large variety in plan designs is a reflection of historical, cultural, and institutional diversity. We postulate a new classification consisting of four role models of funded pension plans, primarily based on choice architecture and type of regulation. We illustrate the features of each role model
with twelve representative pension plan case studies from eleven countries. Valuable lessons can be… Mostrar más

This paper provides an in-depth comparison of funded pension savings plans around the world. The large variety in plan designs is a reflection of historical, cultural, and institutional diversity. We postulate a new classification consisting of four role models of funded pension plans, primarily based on choice architecture and type of regulation. We illustrate the features of each role model
with twelve representative pension plan case studies from eleven countries. Valuable lessons can be learned from international best practices without making any normative comparison. The role
models provide guidance in the Dutch orientation on pension plan redesign regarding participation and choice, linked to Dutch culture and practice. Mostrar menos

Countries can and should learn from each other’s experiences. Chile has an experience of more than 35 years with Individual Defined Contribution. To incorporate their own evaluation of the pension system into the discussions here in the Netherlands would enhance our insights, especially where Chile emerges as a role model.

A six pillar approach to financial planning during an individual’s life-cycle can make a significant contribution to addressing uncertainties. To be able to seize the opportunities in this domain, existing institutions will have to roll up their sleeves.

Internal Document

https://youtu.be/WRtVmldOH5E

Note produced for the Netspar group "Pensioen 2020" to provide insights into how the Chilean Pension System works as well as potential lessons for the Netherlands. A companion note was also produced reportig on a high level roundtable organized by Cardano and NETSPAR.

In Law, Institutions and Development. Selected Topics.

Chapter 7 in the book "Il ruolo dei fondi pensione in un'economia globale"