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Mandatory pension systems play a major role in individual savings and labor supply decisions. In particular, it is well known that defined benefit pension schemes, which are not actuarially fair, can create incentives for early retirement and therefore reduce labor supply and the stock of human...
Persistent link: https://www.econbiz.de/10005079477
Mandatory pension systems can have a negative impact on individual savings and labor supply decisions. In particular, defined benefit pension schemes that are not actuarially fair, can create incentives for early retirement, and therefore, reduce labor supply and the stock of human capital....
Persistent link: https://www.econbiz.de/10005260077
The paper describes and evaluates unemployment insurance savings accounts (UISAs) a relatively new and not well-known way of providing unemployment benefits. The UISAs reduce work disincentives by allowing recipients to keep their own unused unemployment contributions, and offer the possibility...
Persistent link: https://www.econbiz.de/10008676845
In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of an...
Persistent link: https://www.econbiz.de/10005115748
Persistent link: https://www.econbiz.de/10011201303
Economic growth has been sustained for many years pre-crisis in the region, but this has not resulted in the creation of an adequate number of jobs and has succeeded, at best, in generating low-quality, informal jobs. The report addresses one margin of exclusion: informal employment and the...
Persistent link: https://www.econbiz.de/10010903277
Persistent link: https://www.econbiz.de/10010645052
Tunisians are striving for the opportunity to realize their potential and aspirations in a country that is rich in both human and physical capital, but whose recent economic growth has failed to create enough opportunities in the form of good and productive jobs. This report highlights the main...
Persistent link: https://www.econbiz.de/10011123067
This paper reviews the main challenges facing countries in attempting to improve labor market outcomes among youth, focusing on the issues that became starkly visible during the recent financial crisis. In order to better identify and set uphuman development interventions, the paper proposes an...
Persistent link: https://www.econbiz.de/10010828447
This book looks back both at how the Great Recession affected employment outcomes in developing countries and at how governments responded. The chapters bring together a unique compilation of data and analysis from very different sources, including an inventory of policies implemented during the...
Persistent link: https://www.econbiz.de/10010828573