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We compare the macroeconomic effects of a fully funded individual defined contribution (IDC) pension scheme, an unfunded pay-as-you-go (PAYG) system, and a collective defined contribution (CDC) regime. Under the latter, contributions of workers from a given cohort are invested in capital markets...
Persistent link: https://www.econbiz.de/10015333300
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on research emerging from the late 2000s onward, with an emphasis on empirical work considering new mechanisms, studying new dimensions of inequality, and developing new...
Persistent link: https://www.econbiz.de/10014536261
employment, informal employment, unemployment, and nonparticipation. We compute the contribution of each transition rate to … rate are driven by the variance of the formalization rate (transition from informal to formal employment). (iii) Non …
Persistent link: https://www.econbiz.de/10012415847
higher) wage to get a job in the formal sector. We also analyse the factors increasing the likelihood to seek employment in …
Persistent link: https://www.econbiz.de/10012818034
-in-differences design, we find that the three-week lockdown had a large and significant immediate negative impact on employment in the … treated districts, particularly among workers in informal self-employment. While the gap in employment between the treated and …
Persistent link: https://www.econbiz.de/10012428156
economic downturns. The most noteworthy among the long-term changes are a gradual shrinkage of the labor force and employment … working hours, rather than through contraction of employment and surge in unemployment. The general conclusion is that the …
Persistent link: https://www.econbiz.de/10015394330
when to work formally versus informally. We find discontinuous increases in transitions to formal employment at 50 …, consistent with forward-looking people timing employment to minimize social security contributions while maintaining benefit …
Persistent link: https://www.econbiz.de/10015421621
- called The Triple 2 Rule - to identify changes in employment time series. Trends and autoregressive models are estimated for …
Persistent link: https://www.econbiz.de/10014339730
, type of employment, and the general education level have emerged as the main reasons for income differentials among migrant … the area of basic facilities like health, education, and other social security in urban Odisha, India. …
Persistent link: https://www.econbiz.de/10013440369
recession and in its aftermath, including the sharp decline in labor force participation and informal employment that is unique … technologies introduced at the trough of the recession bolsters the recovery of GDP, total employment, and labor income, and leads … to a larger expansion in the share of formal employment compared to the no-policy scenario. In the long run, the economy …
Persistent link: https://www.econbiz.de/10014496287