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the old-age population has decent income. Only 40% of employees are contributing to a form of saving-retirement scheme …
Persistent link: https://www.econbiz.de/10012304421
The discussion about a fiscal stabilisation capacity as a way of providing more fiscal integration in the euro area has strengthened in the aftermath of the European sovereign debt crisis. Among the instruments that can be used for temporary macroeconomic stabilisation in the presence of both...
Persistent link: https://www.econbiz.de/10011914305
Unemployment insurance is a key tool for risk sharing and redistribution and also a prominent automatic stabiliser. It is a volatile spending item by design, which can lead to vulnerabilities. This paper explores various shocks and sources of vulnerability of the unemployment insurance schemes...
Persistent link: https://www.econbiz.de/10010375309
The recent economic crisis has provided a stress test for the vulnerability of social institutions. This paper assesses the vulnerability of social institutions in light of the current crisis, and surveys past episodes, when social institutions faced similar challenges. Public pay-as-you-go...
Persistent link: https://www.econbiz.de/10010375312
educational attainment. About 1 percentage point is attributable to changes in statutory retirement ages, although part of the … reason these effects are not larger is that in most countries, statutory retirement ages have not kept pace with life … retirement pathways through unemployment or disability schemes has been a major factor in the turnaround in the participation …
Persistent link: https://www.econbiz.de/10012111057
would enable Japan to better utilise its human capital. Abolishing the right of firms to set mandatory retirement …
Persistent link: https://www.econbiz.de/10012111108
surprisingly modest when translated into the implied effect on average retirement ages: an increase in statutory pension ages by … one year is typically estimated to increase the average effective retirement age by only about two months. …
Persistent link: https://www.econbiz.de/10012304415
Job creation has lowered unemployment, but the Belgian labour market still faces many challenges. Employment rates remain low, reflecting barriers to finding a job such as low levels of skills and weak work incentives. In addition, the changing nature of work will require faster adaptation of...
Persistent link: https://www.econbiz.de/10012203307
The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
Persistent link: https://www.econbiz.de/10011392839
In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection. We simulate alternative scenarios for reforming the unemployment benefit and cash social...
Persistent link: https://www.econbiz.de/10011577812