Since the introduction of the KiwiSaver scheme in New Zealand in 2006, several countries have implemented, or are in the process of implementing, voluntary funded pension systems with automatic enrollment features. Since most of the literature has focused on countries with the common law...

This paper examines the state of reverse mortgage markets in selected countries around the world and considers the potential benefits and risks of these products from a financial inclusion and economic benefit standpoint. Despite potentially increasing demand from aging societies - combined with...

This paper evaluates whether mangroves can mitigate the impact of hurricanes on economic activity. The paper assembles a new, regionwide panel data set that measures local economic activity using nightlights, potential hurricane damages using a detailed hurricane windstorm model, and mangrove...

The purpose of this work is to analyze the performance of the Ecuadorian pension system, its challenges, and available policy options. Therefore, the study analyzes coverage, financing sufficiency, and sustainability indicators that were created based on information from the Encuesta Nacional de...

This paper sets out initial results from a new modeling exercise for Defined Contribution (DC) pensions. It develops a package called penCalc based on the open source software language R, which is popular in the academic and modeling communities. All the coding is made freely available. The tool...

This paper reviews the factors that should guide the design of private funded pensions to create a complete pension system alongside a notional defined contribution-or public-component. It argues that a mix of public and private pensions is the most effective option to deliver the best...

This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement decisions to analyze how the design of a privatized pension system affects gender pension gaps. Chile has one of the longest running nationwide private retirements accounts...

Little literature currently exists on the effects of childcare use on maternal labor market outcomes in a developing country context, and recent studies offer mixed results. This paper attempts to fill these gaps by analyzing several of the latest rounds of the Vietnam Household Living Standards...

Individual-level employment data have a wide range of applications. They are used to monitor labor markets and the Sustainable Development Goals, contribute to understanding and explaining socioeconomic conditions, and may help to design and inform labor market policies. This paper is relevant...

Using an event-study framework, this paper examines the impact of four minimum wage hikes between 2008 and 2015 on the Cambodian labor market. The analysis finds that, except for immediate adjustments around the time of the hikes, the minimum wage hikes did not affect participation rates in the...