May 2025
20May

Malaysia. Framework for gig workers to thrive

THE gig economy has rapidly grown in Malaysia, providing flexible work opportunities to millions of individuals across various industries. Gig workers, including ride-hailing drivers, food delivery riders, freelancers and digital platform workers, play a crucial role in the country’s labour market. However, despite their significant contributions to the economy, many gig workers face job insecurity, lack of social protections and unfair treatment due to the absence of a legal framework governing their rights. Recognising these challenges, the government is set to introduce...

May 20, 2025
News, Slider,
Read more...
07May

Philippines. SSS Announces New Grants & Pensions for 2025

SSS Announces New Grants & Pensions: If you’re a Social Security System (SSS) member in the Philippines, 2025 brings some of the most comprehensive updates in recent years. The SSS has officially rolled out a host of new grants, expanded coverage, pension enhancements, and voluntary retirement savings programs, offering fresh opportunities for all member categories. Whether you’re a full-time employee, a self-employed professional, or a retiree, these changes are designed to enhance your financial security and retirement readiness. In a time of...

May 7, 2025
News, Slider, ,
Read more...
06May

Informal sector and gender-responsive budgeting: Key to effective social spending

This week, the International Monetary Fund (IMF) announced a staff-level agreement with Sri Lanka for the fourth review under the Extended Fund Facility (EFF) potentially unlocking another $ 344 million in financing. Amongst energy pricing and tax reforms, social protection remains a commitment under the IMF’s fourth review. However, the integration of gender-specific considerations, particularly the inclusion of women, within the IMF’s bailout program has been limited and could be the key to missed targets. Under the EFF arrangement, the...

May 6, 2025
News, Slider,
Read more...

April 2025
24Apr

Canadian plan sponsors watch China’s pension opt-outs for gig economy warning signs

More than 40 percent of flexible workers in China—including delivery drivers, livestreamers, and freelancers—are choosing not to participate in the national pension system, according to Morningstar Canada. Their shift away from the system has contributed to the state pension fund’s first cash-flow deficit since 2018, raising concerns about its sustainability. 29-year-old delivery driver Liu Xin works six days a week in Chengdu but cannot afford the $195 monthly contribution to the state plan. “That’s two weeks of groceries,” he said. “I can’t lock...

April 24, 2025
News, Slider,
Read more...
14Apr

Zimbabwe. Short-term insurers target informal sector

The Insurance Council of Zimbabwe (ICZ), an association of short-term insurers, says the industry is exploring new business lines through inclusive insurance and targeting the informal sector. Motor and fire insurance continue to dominate short-term insurance industry revenue in both local currency and US dollar terms. According to the Insurance and Pensions Commission (Ipec) third-quarter 2024 report, direct short-term insurers reported consolidated insurance revenue amounting to ZiG 2,53 billion and US$153,97 million in terms of foreign currency business. During the reporting period,...

April 14, 2025
News, Slider, ,
Read more...
10Apr

Pensions at a Crossroads: Building Inclusive Retirement Systems for an Aging World

The World Bank’s Social Protection and Jobs Global Practice, in collaboration with the ASPIRE team and informed by research from the International Labour Organization (ILO) and the United Nations Department of Economic and Social Affairs (UN DESA), delivers a timely and comprehensive report. This document scrutinizes the global state of pension and social insurance systems, offering insight into their adequacy, sustainability, and coverage in a world experiencing rapid population aging. As the share of elderly citizens rises sharply across...

April 10, 2025
News, Slider,
Read more...
04Apr

Robots and Informal Employment in China

By Haiyan Lin This paper examines labor adjustments between the informal and formal sectors in response to the adoption of industrial robots in China. Using a longitudinal household data from 2010 to 2018, I find that robotization increases informal employment. Quantitatively, one more robot per thousand workers increases the share of informal employment by 1.16 percentage points. The reallocation is not driven by new entrants or re-entrants, but by workers initially employed in the formal sector. Displaced formal workers tend...

April 4, 2025
Articles, Labor Market, , , ,
Read more...
03Apr

Women, self-employed most vulnerable to pension shortfalls: Eiopa

Europe’s pension system is becoming increasingly unsustainable, Eiopa chair Petra Hielkema warned. She highlighted that women, self-employed workers and people with limited financial literacy are the most vulnerable, stressing the need for structural reforms to ensure long-term retirement security. The European Union's pension system is “no longer sustainable” in its current form and must undergo urgent reform to prevent millions of retirees from falling into poverty, Petra Hielkema, chairperson of the European Insurance and Occupational Pensions Authority (Eiopa), stated in...

April 3, 2025
News, Slider, ,
Read more...

March 2025
21Mar

2024 Informal Economy Report

By Moniepoint The informal economy, also known as the shadow economy, comprises businesses that are typically described as untaxed and unregistered. And it is all around you: your family, neighbours, and even friends who have side hustles to supplement their income. This report weaves critical data, insights and expert perspectives to illuminate and help you understand Nigeria’s shadow economy. Get the report here

March 21, 2025
Books, Books, Reports, , ,
Read more...
21Mar

Minimum Wage Policy and the Gender Wage Gap

By Hang Anh Nguyen, Martin O'Brien & Alfredo Paloyo Minimum wage policies have become a nearly universal feature of modern labour markets, with over 90% of countries implementing statutory wage floors since 2012 (Del Carpio & Pabon, 2014). Yet, despite their widespread adoption, the economic effects of minimum wages remain highly contested. Advocates argue that they boost earnings for lowwage workers, reduce income inequality, and mitigate poverty, while critics contend that they suppress productivity, distort wage structures, and incentivise firms...

March 21, 2025
Articles, Labor Market, , ,
Read more...