The value of funded pensions can depend critically on the funds' investment performance. To try and protect people's savings, governments often regulate pension funds strictly, particularly when contributions are mandatory. For example, the new funded pension systems in Latin America and Eastern...

This report examines the current system of old age income security in Sri Lanka to determine whether it provides reasonable pension for retirees. It also explores the effects of the current system on labor market mobility and the fiscal deficit and looks at the potential for establishing greater...

"For a foreign "issuer," the benefits of cross-listing in the United States are extensively documented in the literature. However it is not clear what motivates "investors" to hold American Depositary Receipts (ADRs) rather than the underlying stock of these issuers. The authors address the...

An efficient and affordable access to jobs, education and services is considered a fundamental element for development. However, the mobility conditions in the cities have deteriorated because of the increasing motorization and urbanization. The number of new cars that enter the cities every...

The Water and Sanitation Program's (WSP's) Global Scaling up Sanitation Project combines the approaches of Community-Led Total Sanitation (CLTS), behavior change communications, and social marketing to generate sanitation demand and strengthen the supply of sanitation products and services at...

After a period of stagnation, the story of hydropower infrastructure is changing. Emerging global dynamics are recasting the role and value of hydropower in development, recognizing its potential contribution to a complex web of energy security, water security and regional development and...

"This paper studies the relation between institutional investors and capital market development by analyzing unique data on monthly asset-level portfolio allocations of Chilean pension funds between 1995 and 2005. The results depict pension funds as large and important institutional investors...