December 2018

The Effect of Work Disability on the Intention to Retire of Older Workers

By Danilo Cavapozzi (Ca Foscari University of Venice - Dipartimento di Economia; Netspar) & Chiara Dal Bianco (Department of Economics and Management, University of Padova) In this paper, we analyze the effect of work disability on the desire to retire as soon as possible of older workers. We exploit objective health indicators and anchoring vignettes to develop work disability measures enhancing the comparability across individuals of work disability self-assessments. Our results show that, even once controlling for individual fixed-effects, individuals...

Can Information Influence the Social Insurance Participation Decision of China’s Rural Migrants?

By John Giles (World Bank; IZA Institute of Labor Economics; World Bank - Development Research Group (DECRG)), Xin Meng (Australian National University; IZA Institute of Labor Economics), Guochang Zhao (Southwestern University of Finance and Economics (SWUFE)) This paper uses a randomized information intervention to shed light on whether poor understanding of social insurance, both the process of enrolling and costs and benefits, drives the relatively low rates of participation in urban health insurance and pension programs among China's rural-urban migrants....

November 2018

Immigrants in a Changing Labor Market: Responding to Economic Needs

By Michael Fix,‎ Demetrios G Papademetriou,‎ Madeleine Sumption This volume, which brings together research by leading economists and labor market specialists, examines the role immigrants play in the U.S. workforce, how they fare in good and bad economic times, and the effects they have on native-born workers and the labor sectors in which they are engaged. The book traces the powerful economic forces at play in today's globalized world and includes policy prescriptions for making the American immigration system more...

Fintech for Financial Inclusion: A Framework for Digital Financial Transformation

By Douglas W. Arner (The University of Hong Kong - Faculty of Law), Ross P. Buckley (University of New South Wales (UNSW) - Faculty of Law), Dirk A. Zetzsche (Universite du Luxembourg - Faculty of Law, Economics and Finance; Heinrich Heine University Dusseldorf - Center for Business & Corporate Law (CBC)) Access to finance, financial inclusion and financial sector development have long been major policy objectives. A series of initiatives have aimed to increase access to finance and financial inclusion,...

October 2018

Vulnerability: False Hope for Vulnerable Social Security Clients?

By Terry Carney (The University of Sydney Law School) This article reviews the concept of vulnerability and examines its salience for selected aspects of Australian social security. It argues that vulnerability is a welcome shift from individual to relational thinking, of particular relevance to measurement of deprivation and richer transformations of delivery of welfare services (and access to social and informal support). Vulnerability is a productive analytical lens for better understanding aspects of law and policy, but remains too capacious...

In from the Shadow: Integrating Europe’s Informal Labor

By Truman G Packard,‎ Johannes Koettl,‎ Claudio Montenegro What to do about the extent of unregulated informal employment and the size of the shadow economy is a dilemma that has been gaining urgency, particularly in Europe's periphery. The forces that accompany globalization put a premium on mobility and skill-renewal. Rapid population ageing will require that people work longer and be far more productive. To achieve this, social and economic institutions have to be more pro-employment, encouraging greater participation in the...

The Chinese Pension System

By Hanming Fang (University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER)) & Jin Feng (Fudan University - School of Economics) We provide a detailed overview of the current state of the Chinese pension system, as well as its development, its problems and some ideas for future reforms. (more…)

Retirement Savings Inequality: Different Effects of Earnings Shocks, Portfolio Selections, and Employer Contributions by Worker Earnings Level

By Joelle Saad-Lessler (The New School for Social Research), Teresa Ghilarducci (Schwartz Center for Economic Policy Analysis (SCEPA); The New School for Social Research), Gayle Reznik (U.S. Social Security Administration) Changes in accumulated retirement savings, particularly in employer-sponsored defined contribution (DC) plan balances, differ by worker’s earnings levels. Earnings shocks, portfolio diversification, and employer contributions to worker’s DC plans affect retirement savings for lower earners more than for higher earners. The authors match Survey of Income and Program Participation data...

Statistical, Mapping and Digital Approaches in Healthcare

By Gilles Maignant,‎ Pascal Staccini Statistical, Mapping and Digital Approaches in Healthcare addresses all health territories, starting from the analysis of geographical data (health data, population data, health data systems and environmental data), to new health areas (Health 3.0), i.e. digital health territories. Specific tools are used to question environmental changes, such as health statistics, mapping, mathematical models, optimization models and serious games. Uniquely combines the approaches of mathematicians, geographers and physician to the analysis of health territories Presents views that...

Counting the Oil Money and the Elderly: Norway’s Public Sector Balance Sheet

By Ezequiel Cabezon (University of North Carolina (UNC) at Chapel Hill), Christian Henn (International Monetary Fund) Based on a permanent income analysis, Gagnon (2018) has prominently suggested that Norwayhas saved too much, thereby free-riding on the rest of the world for demand. Our public sectorbalance sheet analysis comes to the opposite conclusion, chiefly because it also accounts forfuture aging costs. Unsurprisingly, we find that Norway's current assets exceed its liabilities bysome 340 percent of mainland GDP. But its nonoil fiscal...