Prefunding of pension commitments in OECD (Organization of Economic Cooperation and Development) economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve...

With the recovery from the recent crisis, countries of the East Asia and Pacific region are rethinking their financial, and social policy, including old-age protection. Population aging, in combination with ongoing urbanization, and economic transformation, will place increasing pressure on...

Based on consecutive labor force surveys, this study examines labor market dynamics during the first decade of the Estonian transition to market. the results show that, similar to other transition economies: 1) Estonias employment and labor force was reduced; 2) patterns of mobility profoundly...

People with disabilities face many of the challenges that other vulnerable groups face, such as lack of adequate support services in their communities, lack of resources and economic opportunities, and physical and attitudinal barriers to their participating fully in society. One of the...

This paper is intended to provide the World Bank with the information, and insights necessary for policy formulation, and strategic planning in the area of disability. After describing the two major contemporary disability definitions, and comparing their suitability for disability policy, and...

In the context of a serious financial, and legal crisis, Argentina reformed its pension system in 1994, when a multi-pillar model with a funded scheme was introduced, and first pillar parameters, as minimum age and vesting requirements were tightened. The new system has a significant first...

This paper surveys 11 international comparative studies of poverty, income distribution, and the elderly. Although it focuses on OECD economies, some 44 countries are covered. The paper addresses a series of questions. What level are the incomes of the elderly relative to the population as a...

Thispaper provides empirical evidence on the joint determinants of child labor, and child schooling, using individual level data from Egypt. The main findings are as follows: 1) A ten percent increase in the illiterate male market wage decreases the probability of child labor by 21.5 percent for...

This paper proposes a new definition, and conceptual framework for social protection, grounded in social risk management. The concept repositions the traditional areas of social protection (labor market intervention, social insurance, and social safety nets) in a framework that includes three...

This report provides a set of preliminary hypotheses and exploratory econometric testing to explain low rates of participation in reformed social security systems, with special emphasis on two Latin American countries. The hypotheses claim that the working poor and self-employed continue to have...