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Under the Universal Credit reform, the main means-tested benefits except the Council Tax Benefit will be pooled into one single benefit with one single taper rate. The reform will give people better incentives to work, reduce complexity and contribute to reducing poverty. The reform could reduce...
Persistent link: https://www.econbiz.de/10009767763
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
Reducing poverty remains an important challenge, and the COVID-19-crisis may further reinforce social vulnerabilities. Although it has declined lately, relative poverty remains high in international comparison and is distributed unevenly across population groups with the elderly, people with...
Persistent link: https://www.econbiz.de/10012421275
South Africa has an incomplete social protection system without a mandatory pension savings scheme. Designing a universal insurance pension system would allow to reduce the important government funded pension grant system and ensure that the old-age population has decent income. Only 40% of...
Persistent link: https://www.econbiz.de/10012304421
foreseeable expenditure pressures is not sufficient or sustainable. A rapidly ageing population and shrinking workforce will weigh …
Persistent link: https://www.econbiz.de/10011914182
Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty. Jobs are returning, making inroads into high unemployment, but their wages and skill levels are lower than many that were lost during the crisis. Greece’s hiring is benefiting...
Persistent link: https://www.econbiz.de/10011914643
. While ageing may explain around half of the downward trend in job hire and separation rates, other factors matter too. …
Persistent link: https://www.econbiz.de/10012421248
Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered. Linking...
Persistent link: https://www.econbiz.de/10011399540
necessitates adjustments in labour markets. Policy makers will thus need to act more strongly than in the past to rein in ageing …
Persistent link: https://www.econbiz.de/10011399558
Indonesia has a very good record of poverty reduction, having halved its incidence over the past two decades. Nevertheless, almost 30 million people still live below the national poverty line, mostly in rural areas and in certain provinces. In order to make further progress in lifting these...
Persistent link: https://www.econbiz.de/10011399569