Voluntary Savings Schemes to Protect Informal Workers in Jordan

This paper proposes a framework of voluntary savings schemes (VSS) in Jordan that can complement the current formal sector arrangements to better protect informal workers against economic shocks, unemployment, old age, or disability. As benefits of...

Full description

Bibliographic Details
Main Authors:	Rother, Friederike, Chartouni, Carole, Sanchez-Reaza, Javier, Brodersohn, Ernesto, Pallares-Miralles, Montserrat
Format:	Discussion Paper
Language:	English
Published:	World Bank, Washington, DC 2022
Subjects:	ECONOMIC SHOCKS INFORMAL WORKERS VOLUNTARY SAVINGS SCHEMES (VSS) VOLUNTARY DEFINED BENEFIT MANDATORY PENSION SOCIAL PROTECTION INFORMAL WORKER PROTECTION INFORMAL SECTOR INFORMAL LABOR MARKET SOCIAL SECURITY PUBLIC PENSION PENSION REFORM PENSION BENEFITS
Online Access:	http://documents.worldbank.org/curated/en/099720104212238548/P1715950c89d850c3080ea09e07fcd87d40 http://hdl.handle.net/10986/37362

id	okr-10986-37362
recordtype	oai_dc
spelling	okr-10986-373622022-05-03T05:10:35Z Voluntary Savings Schemes to Protect Informal Workers in Jordan Rother, Friederike Chartouni, Carole Sanchez-Reaza, Javier Brodersohn, Ernesto Pallares-Miralles, Montserrat ECONOMIC SHOCKS INFORMAL WORKERS VOLUNTARY SAVINGS SCHEMES (VSS) VOLUNTARY DEFINED BENEFIT MANDATORY PENSION SOCIAL PROTECTION INFORMAL WORKER PROTECTION INFORMAL SECTOR INFORMAL LABOR MARKET SOCIAL SECURITY PUBLIC PENSION PENSION REFORM PENSION BENEFITS This paper proposes a framework of voluntary savings schemes (VSS) in Jordan that can complement the current formal sector arrangements to better protect informal workers against economic shocks, unemployment, old age, or disability. As benefits of traditional mandatory pension systems worldwide have been cut substantially since the 1990s, voluntary defined contribution schemes are increasingly trying to fill the gap. In many countries, including in low-income countries, special voluntary savings schemes have been introduced to protect informal workers. Blending the knowledge from best practices internationally with the cluster methodology developed specifically for Jordan, the paper provides an overview of the current system of social security in Jordan and presents policy options to lower informality, extend social protection coverage, and provide more adequate protection to workers. 2022-05-02T19:16:07Z 2022-05-02T19:16:07Z 2022-04 Discussion Paper http://documents.worldbank.org/curated/en/099720104212238548/P1715950c89d850c3080ea09e07fcd87d40 http://hdl.handle.net/10986/37362 English Social Protection & Jobs Discussion Paper;2206 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Report Publications & Research Discussion Paper Middle East and North Africa Jordan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC SHOCKS INFORMAL WORKERS VOLUNTARY SAVINGS SCHEMES (VSS) VOLUNTARY DEFINED BENEFIT MANDATORY PENSION SOCIAL PROTECTION INFORMAL WORKER PROTECTION INFORMAL SECTOR INFORMAL LABOR MARKET SOCIAL SECURITY PUBLIC PENSION PENSION REFORM PENSION BENEFITS
spellingShingle	ECONOMIC SHOCKS INFORMAL WORKERS VOLUNTARY SAVINGS SCHEMES (VSS) VOLUNTARY DEFINED BENEFIT MANDATORY PENSION SOCIAL PROTECTION INFORMAL WORKER PROTECTION INFORMAL SECTOR INFORMAL LABOR MARKET SOCIAL SECURITY PUBLIC PENSION PENSION REFORM PENSION BENEFITS Rother, Friederike Chartouni, Carole Sanchez-Reaza, Javier Brodersohn, Ernesto Pallares-Miralles, Montserrat Voluntary Savings Schemes to Protect Informal Workers in Jordan
geographic_facet	Middle East and North Africa Jordan
relation	Social Protection & Jobs Discussion Paper;2206
description	This paper proposes a framework of voluntary savings schemes (VSS) in Jordan that can complement the current formal sector arrangements to better protect informal workers against economic shocks, unemployment, old age, or disability. As benefits of traditional mandatory pension systems worldwide have been cut substantially since the 1990s, voluntary defined contribution schemes are increasingly trying to fill the gap. In many countries, including in low-income countries, special voluntary savings schemes have been introduced to protect informal workers. Blending the knowledge from best practices internationally with the cluster methodology developed specifically for Jordan, the paper provides an overview of the current system of social security in Jordan and presents policy options to lower informality, extend social protection coverage, and provide more adequate protection to workers.
format	Discussion Paper
author	Rother, Friederike Chartouni, Carole Sanchez-Reaza, Javier Brodersohn, Ernesto Pallares-Miralles, Montserrat
author_facet	Rother, Friederike Chartouni, Carole Sanchez-Reaza, Javier Brodersohn, Ernesto Pallares-Miralles, Montserrat
author_sort	Rother, Friederike
title	Voluntary Savings Schemes to Protect Informal Workers in Jordan
title_short	Voluntary Savings Schemes to Protect Informal Workers in Jordan
title_full	Voluntary Savings Schemes to Protect Informal Workers in Jordan
title_fullStr	Voluntary Savings Schemes to Protect Informal Workers in Jordan
title_full_unstemmed	Voluntary Savings Schemes to Protect Informal Workers in Jordan
title_sort	voluntary savings schemes to protect informal workers in jordan
publisher	World Bank, Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099720104212238548/P1715950c89d850c3080ea09e07fcd87d40 http://hdl.handle.net/10986/37362
_version_	1764487016254275584

Voluntary Savings Schemes to Protect Informal Workers in Jordan

Similar Items