NDC Schemes and the Labor Market : Issues and Options

NDC Schemes and the Labor Market : Issues and Options

Defined contribution (DC) schemes whether unfunded or funded are often considered superior to defined benefit (DB) schemes in their ability to address labor market issues, particularly in encouraging formal employment and delayed retirement. Concep...

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Main Authors: Holzmann, Robert, Robalino, David, Winkler, Hernan
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PENSION REFORM
RETIREMENT AGE
DEMOGRAPHICS
LABOR FORCE PARTICIPATION
ELDERLY LABOR
LABOR MARKET
AGING
DEFINED CONTRIBUTION
DEFINED BENEFIT
Online Access:http://documents.worldbank.org/curated/en/346801556883743108/NDC-Schemes-and-the-Labor-Market-Issues-and-Options
http://hdl.handle.net/10986/31635
id okr-10986-31635
recordtype oai_dc
spelling okr-10986-316352021-05-25T09:23:37Z NDC Schemes and the Labor Market : Issues and Options Holzmann, Robert Robalino, David Winkler, Hernan PENSION REFORM RETIREMENT AGE DEMOGRAPHICS LABOR FORCE PARTICIPATION ELDERLY LABOR LABOR MARKET AGING DEFINED CONTRIBUTION DEFINED BENEFIT Defined contribution (DC) schemes whether unfunded or funded are often considered superior to defined benefit (DB) schemes in their ability to address labor market issues, particularly in encouraging formal employment and delayed retirement. Conceptually, the assessment is based on superior incentives to work and save. Yet economic and social realities are more complex. This paper explores design and labor market conditions that potentially constrain DC schemes. The paper concludes that to achieve their conceptual potential, DC schemes require design innovations, including a better integration of basic provisions and complementary labor policies that promote job creation in the formal sector and expand job opportunities during old age. 2019-05-06T21:33:04Z 2019-05-06T21:33:04Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/346801556883743108/NDC-Schemes-and-the-Labor-Market-Issues-and-Options http://hdl.handle.net/10986/31635 English Social Protection and Jobs Discussion Paper,no. 1914; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PENSION REFORM
RETIREMENT AGE
DEMOGRAPHICS
LABOR FORCE PARTICIPATION
ELDERLY LABOR
LABOR MARKET
AGING
DEFINED CONTRIBUTION
DEFINED BENEFIT
spellingShingle PENSION REFORM
RETIREMENT AGE
DEMOGRAPHICS
LABOR FORCE PARTICIPATION
ELDERLY LABOR
LABOR MARKET
AGING
DEFINED CONTRIBUTION
DEFINED BENEFIT
Holzmann, Robert
Robalino, David
Winkler, Hernan
NDC Schemes and the Labor Market : Issues and Options
relation Social Protection and Jobs Discussion Paper,no. 1914;
description Defined contribution (DC) schemes whether unfunded or funded are often considered superior to defined benefit (DB) schemes in their ability to address labor market issues, particularly in encouraging formal employment and delayed retirement. Conceptually, the assessment is based on superior incentives to work and save. Yet economic and social realities are more complex. This paper explores design and labor market conditions that potentially constrain DC schemes. The paper concludes that to achieve their conceptual potential, DC schemes require design innovations, including a better integration of basic provisions and complementary labor policies that promote job creation in the formal sector and expand job opportunities during old age.
format Working Paper
author Holzmann, Robert
Robalino, David
Winkler, Hernan
author_facet Holzmann, Robert
Robalino, David
Winkler, Hernan
author_sort Holzmann, Robert
title NDC Schemes and the Labor Market : Issues and Options
title_short NDC Schemes and the Labor Market : Issues and Options
title_full NDC Schemes and the Labor Market : Issues and Options
title_fullStr NDC Schemes and the Labor Market : Issues and Options
title_full_unstemmed NDC Schemes and the Labor Market : Issues and Options
title_sort ndc schemes and the labor market : issues and options
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/346801556883743108/NDC-Schemes-and-the-Labor-Market-Issues-and-Options
http://hdl.handle.net/10986/31635
_version_ 1764474814401085440

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