One unintended consequence of Russia's transition to a market economy has been a massive out-migration from the Northern periphery. The major causes of this out-migration have been price liberalization which make the cost of fuel, food, and other consumer goods in the North more expensive; the...

The authors present a non-altruistic model of demand for children, in the presence of uncertainty about children's survival. Children are seen as assets, as they provide help during old age. If certain conditions are met, both the financial market, and the family network are used to transfer...

This paper summarizes key aspects of family allowances programs across the world and presents information on their characteristics in a cross-country comparative context. Family allowances can be universal (paid to all resident families with a specified number of children) or employment-based...

Unemployment insurance has been the subject of numerous theoretical and empirical studies. These studies elucidate the benefits and the cost of unemployment insurance, namely, the improved allocation of risk bearing and the reduced incentives for work. In the past two decades a branch of the...

Social protection can be defined as interventions intended to assist individuals, households, and communities in managing risk in order to reduce vulnerability, smooth consumption, and improve equity. Social protection in Togo has been put to test by the political and economic developments of...

In 1995, Latvia became the first country in Central and Eastern Europe to implement parametric reform of the Soviet-style PAYGO pension system, and the first in the world to implement the"notional defined contribution (NDC) system"originally designed for Sweden. The Government's intention was to...

This paper considers the implementation of, and rationale for, pension reforms based on notional accounts (sometimes known as notional defined contribution plans or NDCs). The distinguishing feature of such reforms is that a structure of individual accounts is established, in which contributions...

Economic transition in Bulgaria has been associated with the emergence of unemployment, the fall in real wages and a substantial increase in wage inequality. The ranks of low-paid workers have grown and their relative wage status has substantially deteriorated. Unemployment is of long duration....

This paper aims to examine the impact of type of pension scheme on retirement behavior. Section 1 describes a simple, theoretical model of optimal retirement. Section 2 introduces an empirical model of a simple retirement savings plan, or defined contribution pension scheme. Section 3 compares...

This report serves as a conceptual background piece for the development of the Social Strategy Paper (SSP). To develop the conceptual underpinnings, the objectives and instruments of strategy papers (SP) are viewed under the rubric of Social Risk Management (SRM). SRM consists of public measures...