May 2018

Universal Social Protection Floors: Costing Estimates and Affordability in 57 Lower Income Countries

By Isabel Ortiz (United Nations - International Labour Organization (ILO); Initiative for Policy Dialogue), Fabio Duran (International Labour Organization (ILO)), Karuna Pal (International Labour Organization (ILO)), Christina Behrendt (International Labour Office) & Andres Acuña-Ulate (International Labour Organization (ILO)) This paper presents the results of costing universal social protection floors in 34 lower middle-income, and 23 low-income countries, consisting of: (i) allowances for all children and all orphans; (ii) maternity benefits for all women with newborns; (iii) benefits for all persons...

Population Aging: The Transformation of Societies

By Donald T. Rowland Population Aging: The Transformation of Societies presents an overview and international comparison of the causes, consequences and policy implications of one of the major processes of change in contemporary societies. It provides a foundation for understanding and reflecting on key demographic and social trends, together with related theoretical and policy frameworks that are important in explaining changes and designing informed responses. With particular reference to countries that have the oldest or largest aged populations, the book...

Reassessing Expectations for Blockchain and Development

By Michael Pisa This brief essay explores a key but often overlooked hurdle to using blockchain solutions, which is the complexity that decentralized solutions necessarily introduce. At times, the benefits of such solutions appear to exceed the added cost of complexity but often they do not. With this tradeoff in mind, the paper considers two use cases, digital ID and health supply chain management. (more…)

As the World Ages: Rethinking a Demographic Crisis

By Kavita Sivaramakrishnan Sivaramakrishnan People are living longer, creating an unexpected boom in the elderly population. Longevity is increasing not only in wealthy countries but in developing nations as well. In response, many policy makers and scholars are preparing for a global crisis of aging. But for too long, Western experts have conceived of aging as a universal predicament—one that supposedly provokes the same welfare concerns in every context. In the twenty-first century, Kavita Sivaramakrishnan writes, we must embrace a...

The State of Social Safety Nets 2018

By World Bank  The State of Social Safety Nets 2018 Report examines global trends in the social safety net/social assistance coverage, spending, and program performance based on the World Bank Atlas of Social Protection Indicators of Resilience and Equity (ASPIRE) updated database. The report documents the main social safety net programs that exist globally and their use to alleviate poverty and to build shared prosperity. The 2018 report expands on the 2015 edition, both in administrative and household survey data...

April 2018

Pension Reform in Latin America and Its Lessons for International Policymakers

By Tapen Sinha The experience of privatization of social security has been predominantly in the Latin American region. Eight countries have undertaken either full or partial privatization of pensions: Argentina, Bolivia, Chile, Colombia, El Salvador, Mexico, Peru, and Uruguay. What did the policymakers expect? Were expectations realized? Can we learn anything from the collective experience of these countries? Can they be applied to other countries that are aspiring to privatize? How did the World Bank and other international institutions affect...

The Relation Between the Migration, Population Aging, Labor Force Productivity and Economic Growth: An Analysis for Bulgaria

By Hamit Can (Technical University of Sofia) & Venelin Terziev (Vasil Levski National Military University; University of Ruse) In this study, the relationship between population, elderly population and economic growth is analyzed theoretically, taking into account the demographic change of the Bulgarian population and the more aging phenomenon. Thus, the change in the age structure of the Bulgarian population was investigated and the factors affecting the growth of the relationship between economic growth were investigated. Developed countries are trying to...

Pensions: More Information, Less Ideology : Assessing the Long-Term Sustainability Ofeuropean Pension Systems : Data Requirements, Analysis and Evaluations

By Tito Boeri,‎ Axel Borsch-Supan,‎ Agar Brugiavini,‎ Richard Disney,‎ Arie Kapteyn &‎ Franco Peracchi Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these reforms - as they typically do not alter the unfunded nature of public welfare arrangements and this uncertainty is itself...

Political Preferences and the Aging of Populations: Political-economy Explanations of Pension Reform

By Oliver Pamp Oliver Pamp analyzes the likelihood and extent of pension reforms from a political-economy perspective. It is shown that voters’ preferences for or against reforms are influenced by a societies’ demographic development, the generosity of its existing public pension scheme and its electoral system. The author extensively reviews existing formal models of pension systems, discusses their merits and limitations, and develops a three-period overlapping generations model. The model’s insights regarding individual reform preferences are then put into the...