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Productivity Growth and Structural Reform in Bulgaria; Restarting the Convergence Engine

Pouvelle, Cyril; Mitra, Pritha - International Monetary Fund (IMF) - 2012

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its...

Persistent link: https://www.econbiz.de/10011242306

Africa's Got Work to Do; Employment Prospects in the New Century

Fox, Louise; Haines, Cleary; Munoz, Jorge Huerta; … - International Monetary Fund (IMF) - 2013

Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on … household survey estimates for 28 countries and an elasticity-type model that relates employment to economic growth and … employment, means that even if sub-Saharan Africa realizes another decade of strong growth, the share of labor force employed in …

Persistent link: https://www.econbiz.de/10011242333

Social Returns to Education; Evidence From Italian Local Labor Market Areas

Dalmazzo, A.; Blasio, Guido De - International Monetary Fund (IMF) - 2003

for individual characteristics, local average human capital is positively correlated with individual wages, with estimated …

Persistent link: https://www.econbiz.de/10005248310

Global Aging and Declining World Interest Rates; Macroeconomic Insurance Through Pension Reform in Cyprus

Hoffmaister, Alexander W.; Guajardo, Jaime; Catalán, Mario - International Monetary Fund (IMF) - 2008

) with aging populations? Lower interest rates will result in higher capital-labor ratios and increased wages; higher wages … be stronger if pensions are indexed to nominal wages rather than prices. Using an overlapping generations model, the … wages to prices, provide substantial macro-insurance and shock absorption benefits. …

Persistent link: https://www.econbiz.de/10005263971

Financial Sustainability and Reform Options for the Albanian Pension Fund

Treichel, Volker - International Monetary Fund (IMF) - 2001

This paper studies the financial sustainability of the Albanian pension fund and assesses possible options for its reform. The paper concludes that the pension fund is not sustainable in its current form and proposes for the urban scheme a combination of parametric changes to the existing...

Persistent link: https://www.econbiz.de/10005264178

How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?

Jaumotte, Florence; Tytell, Irina - International Monetary Fund (IMF) - 2007

Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and rapid technological progress. At the same time, the...

Persistent link: https://www.econbiz.de/10005768889

Pension Reform in China; The Need for a New Approach

Dunaway, Steven Vincent; Arora, Vivek B. - International Monetary Fund (IMF) - 2007

The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties over dealing with the "legacy costs"...

Persistent link: https://www.econbiz.de/10005769032

Coping with Spain's Aging; Retirement Rules and Incentives

Hoffmaister, Alexander W.; Catalán, Mario; Guajardo, Jaime - International Monetary Fund (IMF) - 2007

This paper evaluates the macroeconomic and welfare effects of extending the averaging period used to calculate pension benefits in a pay-as-you-go system. It also examines the complementarities between reforms extending the averaging period and those increasing the retirement age under...

Persistent link: https://www.econbiz.de/10005769092

Globalization and Income Inequality; A European Perspective

Harjes, Thomas - International Monetary Fund (IMF) - 2007

There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These concerns have often surfaced in response to falling labor income shares in aggregate national income data. However, these data may tell little about the underlying distribution...

Persistent link: https://www.econbiz.de/10005769241

Tax, Welfare, and Pension Reforms in Slovenia; Implications for Work Incentives and Labor Participation

Egoumé-Bossogo, Philippe; Tuladhar, Anita - International Monetary Fund (IMF) - 2006

The labor participation rate in Slovenia has been lower than in the EU-15 (the members states prior to May 2004), particularly for the low-income and older individuals. Using simulations of tax and social benefits and public pensions, the paper shows how the current tax, welfare, and pension...

Persistent link: https://www.econbiz.de/10005605130