This paper is aimed at identifying the sources of income insecurity and vulnerability among workers in the informal sector in developing countries and examines alternative approaches to social protection for the informal sector. This is followed by a discussion on the challenges of developing a...

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...

This paper examines the labor market dynamics of six CEE countries over the last 10 years, paying special attention to the nature of labor market institutions these countries have adopted and their impact on labor market performance. This paper finds that, compared to EU countries, CEE countries...

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...

Prefunding of pension commitments in OECD (Organization of Economic Cooperation and Development) economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve...

With the recovery from the recent crisis, countries of the East Asia and Pacific region are rethinking their financial, and social policy, including old-age protection. Population aging, in combination with ongoing urbanization, and economic transformation, will place increasing pressure on...

The objectives of this paper are to highlight some of the potential and limitations of microinsurance in the context of Social Risk Management (SRM) framework to stimulate further discussion. The paper draws on existing literature on SRM and microinsurance. Where relevant, it invokes lessons...

The World Bank's operations in labor markets are reviewed in this report. The findings show that lending in labor markets has increased significantly in the last four years. The Bank supported close to 950 projects in FY92 to FY96. An examination of the 941 project reports approved during this...

There is increasing concern about the vulnerability of poor and near-poor rural households, who have limited capabilities to manage risk and often resort to strategies that can lead to a vicious cycle of poverty. Household-related risk is ususally considered individual or private, but measures...

This paper summarizes the World Bank's experience in dealing with redundant (laid-off) workers. It identifies World Bank lending of 88 loans in 47 countries that have contained labor assistance to redundant workers related to enterprise restructuring or privatization since 1987. The paper...