A large number of public pension schemes around the world have accumulated significant reserves. Pre-funding might reduce the risk that future governments will not be able to meet pension obligations. The management of these funds therefore, has a direct effect on financial sustainability and...

This paper argues that it is important to take into account unfunded public pension liabilities as part of an assessment of the overall fiscal situation, including the fiscal positions of pension schemes pre and post reforms. It examines the concept of the implicit pension debt (IPD) and...

Public pension programmes in Organization for Economic Cooperation and Development (OECD) countries are difficulties. With aging populations, and declining participation of working age men in paid work, existing pension arrangements are likely to be unsustainable in the future in many of the...

The pension reform in Kazakhstan was instituted to remove a deteriorating, and costly pay-as-you-go (PAYGO) system with limited liabilities, a relatively low worker to pensioner ratio, and accumulating pension arrears. Analysis was conducted to assess whether the economy could sustain a radical...

Population ageing will impose a significant burden on European fiscal balances, in particular through pay-as-you-go pension systems. This study presents an independent estimate of this burden for the euro area, and quantifies the impact of two reform scenarios. Based on widely used, but...

This paper documents trends in earnings distribution during the transition in Central Europe, and examines changes in relative wages that have underlined the rise in earnings inequality. The paper finds that the widening of earnings distribution was concentrated in the early phase of transition,...

This paper examines one type of program that is used by many OECD and CEEC countries (Central and Eastern European countries) to ease the pain of structural adjustment and create jobs, namely Public Service Employment (PSE). Such programs are characterized by the employment of unemployed...

In this paper, the authors provide an overview of the recent international experience with active labor market programs (ALMPs). Basing the evidence on the growing body of program evaluations, it focuses on the impacts of ALMPs on the subsequent employment and earnings of participants. This...

The objective of this cross country study was to determine if there was any significant difference those individuals who participated in active labor programs (ALP) and similar individuals who did not participate in the programs (the comparison group), with regard to agreed outcome measures of...

The study reports evidence based on recent evaluation of active labor market programs, in developed countries, as well as on developing, and transition economies. While a number of unresolved technical issues, and a variety of data problems in specific surveys, and administrative information,...