It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation paths. While previous studies have usedcohort dummies to proxy for this fact, research in this area suffers from aserious identification problem, i.e., how to disentangle age, time,...

The paper focuses on the social safety nets in Russian Federation and Ukraine in the view of changes on the labour market since the beginning of economic transition. We showed that many past phenomena (e.g. restructuring of the economy, wage and pension arrears, new groups at-risk-of-poverty,...

The employer`s payroll contribution for pension system relief has been one of the most important topic on the debate about social security. Some advocates that the traditional source of funds for pension system tends to undergo a process of erosion.And there are critics, who argue that there is...

The current unemployment insurance and employment protection legislation were set up in an economic environment in which relationships between workers and firms were typically long-lasting and stable. The increasing globalisation of the economy and the rapid technological and organisational...

This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...

With a view to better assessment of the roles played by social security and social policy in determining well-being, this presentation introduces the 'decommodified security ratio' (DSR), an instrument for evaluating an important duty of the social State, namely to maintain and improve people's...

Aims: We analyzed the redistributive outcomes for sickness benefits using a typology of social insurance institutions compared to external factors for sickness risk. Material: Unbalanced panel data of the Luxembourg Income Study on household earnings, sickness benefits and labour force...

The standard poverty lines applied in empirical research tend to be problematic in terms of validity, reliability, ease of application or socio-political credibility. This paper introduces an international version of an alternative method, which originally has been developed for the Netherlands....

This paper has four main objectives: (1) to monitor the rise of poverty and income inequality during the first decade of Russian transition; (2) to analyze the performance of the welfare state in reducing poverty and income inequality; (3) to identify the most vulnerable groups of transition;...