May 2019

17May

Informality, Labor Regulation, and the Business Cycle

By Gustavo Leyva, Carlos Urrutia We analyze the joint impact of employment protection and informality on macroeconomic volatility and the propagation of shocks in emerging economies. For this, we propose a small open economy business cycle model with frictional labor markets, labor regulation, and an informal sector, modeled as self-employment. The model is calibrated to the Mexican economy, in particular to business cycle moments for employment and informality obtained from our own calculations with the ENOE survey for the...

May 17, 2019
Articles, Labor Market, Slider-Left, , ,
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10May

Aging Well: Solutions to the Most Pressing Global Challenges of Aging (English Edition)

By Jean Galiana, William A. Haseltine This open access book outlines the challenges of supporting the health and wellbeing of older adults around the world and offers examples of solutions designed by stakeholders, healthcare providers, and public, private and nonprofit organizations in the United States. The solutions presented address challenges including: providing person-centered long-term care, making palliative care accessible in all healthcare settings and the home, enabling aging-in-place, financing long-term care, improving care coordination and access to care,...

May 10, 2019
Aging, Books, Labor Market, ,
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10May

Aging in Sub-Saharan Africa: Recommendations for Furthering Research (English Edition)

By por National Research Council, Division of Behavioral and Social Sciences and Education, Committee on Population, Panel on Policy Research and Data Needs to Meet the Challenge of Aging in Africa In sub-Saharan Africa, older people make up a relatively small fraction of the total population and are supported primarily by family and other kinship networks. They have traditionally been viewed as repositories of information and wisdom, and are critical pillars of the community but as the HIV/AIDS pandemic...

May 10, 2019
Aging, Books, Labor Market, ,
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April 2019

29Apr

Understanding Job Transitions and Retirement Expectations Using Stated Preferences for Job Characteristics

By Nicole Maestas (Harvard Medical School - Department of Health Care Policy), Kathleen J. Mullen (RAND Corporation), David Powell (RAND Corporation), Till Von Wachter (University of California, Los Angeles (UCLA) - Department of Economics), Jeffrey B. Wenger (RAND Corporation; American University - School of Public Affairs) As the population ages in the United States and other countries, encouraging older individuals to work would help counter increasing dependency ratios and improve national economic outcomes. Extending working lives is likely not simply...

April 29, 2019
Aging, Articles, Labor Market,
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15Apr

Workers’ Employment Rates And Pension Reforms In France: The Role Of Implicit Labor Taxation

By Didier Blanchet, Antoine Bozio, Simon Rabaté, Muriel Roger Over the last fifteen years, France has experienced a reversal of older workers’ labor force participation and employment rates. Changes in health, life expectancy or education levels over the period are trend variables and thus cannot explain this “U-shaped” time profile. Pension reforms and associated changes in monetary incentives to retire are a more plausible explanation. Their impact is measured by the implicit tax rate on working longer,...

April 15, 2019
Articles, Labor Market, Pension design, ,
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15Apr

The Dynamism of the New Economy: Non-Standard Employment and Access to Social Security in EU-28

By Sonja Avlijas (LIEPP - Sciences Po) This paper examines the prevalence of non-standard workers in EU-28, rules for accessing social security, and these workers’ risk of not being able to access it. It focuses on temporary and part-time workers, and the self-employed, and offers a particularly detailed analysis of their access to unemployment benefits. It focuses on eligibility, adequacy (net income replacement rates) and identifies those workers which are at the greatest risk of either not receiving benefits or...

April 15, 2019
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11Apr

Pension burden: More Japanese opt to retire late, extend employment period

Some economists expect the average pension-to-wage ratio to keep deteriorating and worries are growing that Japan's 'pay-as-you-go' pension scheme may be unsustainable Yasuhiro Furuse could have retired two years ago, but he wasn’t entirely happy with his pension income and had to put any such thoughts to bed.It was just as well for Furuse’s employer Orix Corp, a financial services group, which would have struggled to find a replacement, with Japan’s jobless rate at 26-year lows. This win-win arrangement, increasingly common...

April 11, 2019
Aging, Articles, Labor Market,
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March 2019

31Mar

Individual Attitudes Towards Immigration in Aging Populations

By Rana Comertpay, Andreas Irmen (University of Luxembourg), Anastasia Litina (University of Ioannina) This research empirically establishes the hypothesis that the process of population aging in a society as a whole affects the attitudes of its members towards immigration. Hence, an aging social environment exerts an effect on the attitudes of individuals towards immigration after accounting for their age and other individual characteristics. We test this hypothesis in a multilevel analysis of individuals living in 25 European OECD countries over...

March 31, 2019
Aging, Articles, Labor Market,
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31Mar

Robo-Advisors: Investing Through Machines

By Facundo Abraham (World Bank), Sergio L. Schmukler (World Bank - Development Research Group (DECRG)), José Tessada (Business School, Pontificia Universidad Católica) Investing through online automated platforms, known as robo-advisors, is increasingly popular. Robo-advisors expand access to wealth management services by making it easier and less costly to open investments accounts and receive financial advice, as well as plan and automate investment decisions. However, the rise of robo-advisors requires consumers to understand the limitations of these services and to get...

March 31, 2019
Articles, Investing, Labor Market,
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25Mar

Can an Ageing Workforce Explain Low Inflation?

By Benoît Mojon (Bank for International Settlements (BIS)) & Xavier Ragot (Banque de France) Why is wage inflation so weak in spite of the recent sharp reduction in unemployment? We show that this may be due to an ongoing change in the composition of the labor supply. Indeed, the participation rate of workers aged between 55 and 64 has increased steadily over the last decade, from a third to above a half on average across OECD countries. This is most...

March 25, 2019
Aging, Articles, Labor Market,
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