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The authors discuss key choices policy makers face about China's pension system in the face of a rapidly aging population. They describe the problems the current pay-as-you-go system faces in the near and long term and simulate policy options for solving those problems. They find that simple...
Persistent link: https://www.econbiz.de/10005116370
This paper first reviews the history of social insurance policy and coverage in urban China, documenting the evolution in the coverage of pensions and medical and unemployment insurance for both local residents and migrants, and highlighting obstacles to expanding coverage. The paper then uses...
Persistent link: https://www.econbiz.de/10010829772
In June of 1997 Kazakhstan embarked on a dramatic reform of its pension system, replacing the inherited pay as you go regime with one based entirely on fully funded individual accounts. This paper provides projections of the effects of this reform on income replacement rates and considers some...
Persistent link: https://www.econbiz.de/10008676769
Minimum wages in Indonesia were tripled in nominal terms, and doubled in real terms, in the first half of the 1990s … Indonesia's minimum wage policy and surveying the literature on the effects of minimum wages, the author applies relatively … and employees to assess the extent of compliance with minimum wages. He uses regression analysis involving minimalist …
Persistent link: https://www.econbiz.de/10005079684
There are diverging views about how minimum wages affect labor markets in developing countries. Advocates of minimum … wages hold that they redistribute resources in a welfare-enhancing way, and can thus reduce poverty, improve productivity … labor and lead to depressed wages in the very sectors - the rural and informal urban sectors - where most of the poor are …
Persistent link: https://www.econbiz.de/10005128970
based on several empirical strategies suggest that workers"pay"for their entitlement to severance pay through lower wages …
Persistent link: https://www.econbiz.de/10005133812
wages, using both numerical measures and kernal density plots for eight countries (Argentina, Bolivia, Brazil, Chile …"informal"sector. Their main findings: First, statutory minimum wages are often misleading, and graphical methods may be more reliable. Second … industrial countries. Using panel employment data from Colombia, where minimum wages seem high and binding, the authors quantify …
Persistent link: https://www.econbiz.de/10005141765
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...
Persistent link: https://www.econbiz.de/10009143736
relative wages that have underlined the rise in earnings inequality. The paper finds that the widening of earnings distribution …
Persistent link: https://www.econbiz.de/10008676807
The authors provide a detailed study of the Swiss pension system, analyzing its strengths and weaknesses. The unfunded public pillar is highly redistributive. It has near universal coverage, a low dispersion of benefits (the maximum public pension is twice the minimum), and no ceiling on...
Persistent link: https://www.econbiz.de/10005080129