This paper focuses on minimum wages (MW), mandated benefits (MB), employment protection legislation (EPL), and unemployment insurance benefit systems (UIB). Even though different institutions might try to accomplish the same goal(s), the mechanisms through which each regulation interacts with...

Pension indexation should anchor the parameters of the pension system to one or more economic and demographic variables to ensure that the system is implemented in a sustainable way, while minimizing distortions affecting important economic choices. Arguing that financial sustainability,...

This note summarizes activation policy strategies in Organization for Economic Co-operation and Development (OECD) countries. Policy makers can choose from a broad menu of options. Each of them comes with potential strengths and weaknesses, but there can also be important links between them. To...

The objective of this paper is to look at employment services and labor market policies in the transition countries of Eastern Europe and Central Asia, and identify key benefits and constraints of active labor market programs, as well as the main characteristics and features of successful policy...

The paper examines severance pay programs around the world by providing the first ever overview of existing programs, examining their historic development, assessing their economic rationale and describing current reform attempts. While a significant part of the paper is devoted to a...

This paper presents empirical evidence on the determinants of industry-level multifactor productivity growth. It focus on traditional factors, including the process of technological catch up, human capital and R&D as well as institutional factors affecting labor adjustment costs. The link...

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...

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...

Very little information is available on the ex-post cost of delivering services to orphans, and other vulnerable children (OVC). This hinders large scale planning of interventions for OVC. This study responds by estimating the costs of some recent projects for OVC in Benin, and in Eritrea. The...

In typical pension systems, individuals are asked to make contributions and based on the number of contributions made and the level of those contributions, a pension is awarded. Contributions from workers generally finance these pensions. Since higher income individuals tend to make more...