It’s been proven that an efficient response of the workforce to the human capital needs of the economy boosts labor productivity and, as a consequence, economic growth. People with the right skills have better opportunities to access high-quality jobs, improve their earnings and enhance their quality of life and that of their families. Employers require workers with … [Read more...] about Skills for Work: Boosting Development and Productivity
Skills: The New Push to Attract Investment
Countries worldwide all vie to attract inward investment based on their competitive and comparative advantages in various sectors. Few countries stand out however in how they use skills as a key incentive to get foreign direct investment – Singapore and Ireland for example. Developing countries, however, tend to focus their efforts mainly on “creating” an ecosystem that appeals … [Read more...] about Skills: The New Push to Attract Investment
Is it possible to establish a fair retirement age? What the world experience says
The aging process of the population in Latin America and the Caribbean will only accelerate in the coming decades. We will need to revise the retirement age in our countries in line with demographic change to guarantee reasonable retirement amounts and the financial sustainability of pensions. Raising retirement age allows us to broaden the contribution base and, at the … [Read more...] about Is it possible to establish a fair retirement age? What the world experience says
In search of financially sustainable pension systems: three benchmark models
One of the great dilemmas facing countries around the world is to define a pension system that is financially sustainable in the face of increasing life expectancy, falling fertility rates and the consequent lack of generational replacement. Globally, pension reforms in countries with more advanced aging processes have focused on implementing parametric reforms and … [Read more...] about In search of financially sustainable pension systems: three benchmark models
Life annuities: an opportunity for innovation in Latin America and the Caribbean
It is at work that one finds true happiness. Fyodor Dostoevsky In Latin America and the Caribbean, we are at a critical moment to rethink how work and its rewards - such as our pensions- can guarantee the happiness that Fyodor Dostoevsky spoke of, but in the later stages of our lives. The large increase in life expectancy expected in the coming decades for the … [Read more...] about Life annuities: an opportunity for innovation in Latin America and the Caribbean