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  • 1
    Language: Spanish
    Pages: 1 Online-Ressource (239 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Este informe aclara y actualiza la perspectiva del Banco Mundial acerca de la reforma de pensiones, incorporando las lecciones aprendidas de la experiencia reciente y de la investigacion, las cuales han permitido avanzar en la comprension acerca de la mejor manera de proceder en el futuro. El documento ha sido desarrollado como una nota de politica, no como un documento de investigacion. Como tal, mas que presentar nuevos resultados de investigacion o de dar a conocer un nuevo enfoque, se intenta conceptualizar y explicar el pensamiento de la politica actual en el Banco. Esta presentacion de politicas y de prioridades esta destinada a ayudar, a los clientes del Banco y al publico internacional en general, a entender y a apreciar el marco del pensamiento del Banco en cuanto a las reformas de pensiones. De igual forma, busca facilitar la capacidad del Banco para trabajar efectivamente con los paises clientes en enfrentar los retos que se avecinan. El informe contiene dos secciones principales. La primera seccion presenta el marco de pensamiento del Banco acerca de las reformas de pensiones, incluyendo sus origenes y su alcance, y la estructura prestataria del Banco en esta area. La segunda parte destaca elementos clave de diseno y de implementacion
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Social Protection and Labor Discussion Papers
    Abstract: A positive relationship between lifetime income and life expectancy leads to a redistribution mechanism when the average cohort life expectancy is applied for annuity calculation. Such a distortion puts into doubt the main features of the NDC (nonfinancial defined contribution) scheme and calls for alternative designs to compensate for the heterogeneity. This paper explores five key mechanisms of compensation: individualized annuities; individualized contribution rates; a two-tier contribution structure with socialized and individual rates; and two supplementary two-tier approaches to deal with the income distribution tails. Using unique American and British data, the analysis indicates that both individualized annuities and two-tier contribution schemes are feasible and effective and thus promising policy options. A de-pooling by gender will be required, however
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  • 3
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Social Protection and Labor Discussion Papers
    Abstract: The portability of social benefits is gaining importance given the increasing share of individuals working at least part of their life outside their home country. Bilateral social security agreements (BSSAs) are considered a crucial approach to establishing portability, but the functionality and effectiveness of these agreements have not yet been investigated; thus, important guidance for policy makers in migrant-sending and migrant-receiving countries is missing. To shed light on how BSSAs work in practice, this document is part of a series providing information and lessons from studies of portability in four diverse but comparable migration corridors: Austria-Turkey, Germany-Turkey, Belgium-Morocco, and France-Morocco. A summary policy paper draws broader conclusions and offers overarching policy recommendations. This report looks specifically into the working of the Belgium-Morocco corridor. Findings suggest that the BSSA is broadly working well, with no main substantive issues in the area of pension portability, except for the non-portability of the noncontributory top-up pension and issues with widows' pensions in case of divorce and repudiation, and in health care, the pending introduction of portable health care for retirees with single pensions from the other country. Process issues around information provision in Morocco and automation of information exchange are recognized
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  • 4
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Protection and Labor Discussion Papers
    Series Statement: World Bank E-Library Archive
    Abstract: The paper examines severance pay programs around the world by providing the first ever overview of existing programs, examining their historic development, assessing their economic rationale and describing current reform attempts. While a significant part of the paper is devoted to a comprehensive 183 cross country review of existing severance arrangements and their characteristics, the paper goes beyond a mere description. It develops and empirically tests three hypotheses about the economic rationale of the program, namely severance pay being: (i) a primitive income protection program, (ii) an efficiency enhancing human resource instrument, and (iii) a job protection instrument. The paper also reviews the recent reforms of Austria, Chile, Italy, and Korea
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    ISBN: 9781464814549
    Language: English
    Pages: 1 Online-Ressource (434 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: The individual account-ba ...
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  • 6
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Social Protection and Labor Discussion Papers
    Abstract: This policy paper summarizes four corridor studies on bilateral social security agreements (BSSAs) between four European Union (EU) member and two non-member states, draws conclusions on their results, and offers recommendations. BSSAs between migrant-sending and migrant-receiving countries are seen as the most important instrument to establish portability of social security benefits for internationally mobile workers. Yet, only about 23 percent of international migrants profit from BSSAs and their functioning has been little analyzed and even less assessed. The four corridors studied (Austria-Turkey, Germany-Turkey, Belgium-Morocco, and France-Morocco) were selected to allow for comparison of both similarities and differences in experiences. The evaluation of these corridors' BSSAs was undertaken against a methodological framework and three selected criteria: fairness for individuals, fiscal fairness for countries, and bureaucratic effectiveness for countries and migrant workers. The results suggest that the investigated BSSAs work and overall deliver reasonably well on individual fairness. The results on fiscal fairness are clouded by conceptual and empirical gaps. Bureaucratic effectiveness would profit from information and communication technology-based exchanges on both corridors once available
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  • 7
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Protection and Labor Discussion Papers
    Series Statement: World Bank E-Library Archive
    Abstract: This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high income countries with financial literacy programs and the deviating characteristics of low and middle income countries. While progress has been made in high-income countries to measure financial capability, there is little robust empirical evidence that financial education can improve it. While applying the financial capability concept in low and middle-income countries looks promising it will need to be adjusted to their characteristic and supported by innovative interventions and rigorous impact evaluation to improve it
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Protection and Labor Discussion Papers
    Series Statement: World Bank E-Library Archive
    Abstract: Portability of social benefits across professions and countries is an increasing concern for individuals and policy makers. Lacking or incomplete transfers of acquired social rights are feared to negatively impact individual labor market decisions as well as capacity to address social risks with consequences for economic and social outcomes. The paper gives a fresh and provocative look on the international perspective of the topic that has so far been dominated by social policy lawyers working within the framework of bilateral agreements; the input by economists has been very limited. It offers an analytical framework for portability analysis that suggests separating the risk pooling, (implicit or actual) pre-funding and redistributive elements in the benefit design and explores the proposed alternative approach for pensions and health care benefits. This promising approach may serve both as a substitute and complement to bi- and multilateral agreements
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    ISBN: 9781464814563
    Language: English
    Pages: 1 Online-Ressource (394 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: The individual account-ba ...
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  • 10
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Social Protection and Labor Discussion Papers
    Abstract: The portability of social benefits is gaining importance given the increasing share of individuals working at least a part of their life outside their home country. Bilateral social security agreements (BSSAs) are considered a crucial approach to establishing portability, but the functionality and effectiveness of these agreements have not yet been investigated; thus important guidance for policymakers in migrant-sending and migrant-receiving countries is missing. To shed light on how BSSAs work in practice, this document is part of a series providing information and lessons from studies of portability in four diverse but comparable migration corridors: Austria-Turkey, Germany-Turkey, Belgium-Morocco, and France-Morocco. A summary policy paper draws broader conclusions and offers overarching policy recommendations. This report looks specifically into the working of the Austria-Turkey corridor. Findings suggest that the BSSA between Austria and Turkey is broadly working well, with no main substantive issues in the area of pension portability and few minor substantive issues concerning health care portability and financing. Process issues around information and automation of information exchange are recognized and are beginning to be addressed
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