April 2019

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
Articles, Labor Market, , , ,
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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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17Mar

Global Microscope 2018: The Enabling Environment for Financial Inclusion

By Economist Intelligence Unit (EIU) The 2018 Global Microscope provides a unique insight into the leading practices that governments and regulators are adopting to channel the digital revolution of financial services into greater levels of financial inclusion. It sets a model for an enabling environment for financial inclusion across five domains: 1. Government and Policy Support; 2. Stability and Integrity; 3. Products and Outlets; 4. Consumer Protection; and 5. Infrastructure. Developed through expert consultation, the five-part model framework represents the...

March 17, 2019
Books, Labor Market, Sustainability,
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10Mar

Millennial Money Mindset: How to Win Finances and Influence Pensions

By Neil Doig The rules have changed. The baby boomer’s financial plan was easy. Finish university debt free, waltz into a job for life, buy an affordable house and finish the last day of work with a handshake, a carriage clock and a guaranteed income for life. Millennials need a new plan. We have lived through the financial crash of 2008, many are scared of losing all their money in the stock market, are getting next to nothing from saving,...

March 10, 2019
Books, Labor Market, ,
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10Mar

Working while Studying: Employment Premium or Penalty for Youth in Benin?

By Senakpon F. A. Dedehouanou (KU Leuven), Luca Tiberti (Université Laval), Hilaire Houeninvo (University of Abomey-Calavi), Djohodo Inès Monwanou (National University of Agriculture (Benin)) Most youth in developing countries leave school with only a general academic education level, slowing down their transition to the labor market. We analyze whether work experience during school can help youth transition more easily to a first job in Benin. We used data from the 2014 School-to-Work Transition Survey (SWTS) and a multi-equation model to...

March 10, 2019
Articles, Labor Market, , ,
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10Mar

Reforming Social Security: The Challenge of Income Inequality

By David W. Rasmussen (Pepper Institute on Aging and Public Policy) Objective: This article examines the role Social Security plays in alleviating poverty among retirees in the context of threats to its solvency.  Method: Examining long-term employment trends, declining access to defined benefit pensions and saving behavior can determine if in the more future Social Security beneficiaries are likely to be poor.  Results: Labor market trends driven by technical change, global competition and increasing demand for services indicate that more future retirees...

March 10, 2019
Articles, Labor Market, Regulation, , ,
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