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Reform Momentum Needed (English)

The Western Balkans economies are projected to continue to expand in 2019–20, but this stable outlook is vulnerable to risks. In 2018 economic growth in the Western Balkans reached 3.8 percent, supported by increased public spending, and in Albania and North Macedonia also by a rise in net exports. ... See More +

Working Paper 135707 APR 01, 2019

Disclosed

Quality of Management of Firms in Turkey (English)

This paper examines the quality of management practices in Turkey and its relation to other firm-level characteristics such as firm performance, competition, and type of ownership. ... See More +

Working Paper (Numbered Series) 136314 APR 01, 2019

Del Carpio,Ximena Vanessa; Taskin,Temel Disclosed

The Polish NDC Scheme : Success in the Face of Adversity (English)

Poland’s pension system faces multiple challenges, including accelerating population aging. Early retirement policy aimed at mitigating mass exit from the labor market led to the rise of pension system economic dependency. ... See More +

Working Paper (Numbered Series) 136550 APR 01, 2019

Buchholtz, Sonia; Chłon-Domincza, Agnieszka; Góra, Marek Disclosed

Sweden : Adjoining the Guarantee Pension with NDC (English)

This paper analyzes old-age incomes in Sweden from a pension policy perspective, focusing on both the economic position of elderly citizens and the redistributive effects of the pension system’s different parts. ... See More +

Working Paper (Numbered Series) 136557 APR 01, 2019

Nelson,Kenneth; Nieuwenhuis,Rense; Alm,Susanne Disclosed

The Norwegian NDC Scheme : Balancing Risk Sharing and Redistribution (English)

The main goals of reforming the Norwegian old-age pension system toward nonfinancial defined contributions (NDC) in 2011 were to improve long-run fiscal sustainability and labor supply incentives. ... See More +

Working Paper (Numbered Series) 136552 APR 01, 2019

Stølen, Nils Martin; Fredriksen, Dennis; Hernæs, Erik; Holmøy, Erling Disclosed

The Italian NDC Scheme : Evolution and Remaining Potholes (English)

Starting from a reconstruction of the political context in which the Italian 1995 pension reform took shape, this paper reviews the essential features of the 1995 and post-1995 legislation and assesses its fundamental shortcomings. ... See More +

Working Paper (Numbered Series) 136548 APR 01, 2019

Gronchi, Sandro; Nisticò, Sergio; Bevilacqua, Mirko Disclosed

The Greek Pension Reforms : Crises and NDC Attempts Awaiting Completion (English)

Greece’s current pension system relies almost exclusively on the state and remains staunchly pay-as-you-go (PAYG) and defined benefit (DB). This paper offers a radical proposal for change: (i) a new multi-pillar notional and financial defined contribution (NDC and FDC) pension system for all generations first insured after 1993, with contribution rates for primary pensions reduced by 50 percent; and (ii) a transitional system for those first insured before 1993. ... See More +

Working Paper (Numbered Series) 136547 APR 01, 2019

Nektarios,Milton; Tinios,Platon Disclosed

The Swedish NDC Scheme : Success on Track with Room for Reflection (English)

Sweden’s reform began with a published sketch in 1992 and developed into nonfinancial defined contribution (NDC) legislation in 1994. This paper discusses the underpinnings of the Swedish NDC scheme’s financial stability, factors influencing the adequacy of benefits, and its interplay with other components of the pension system: the public financial defined contribution scheme, the minimum pension guarantee, and the occupational schemes. ... See More +

Working Paper (Numbered Series) 136539 APR 01, 2019

Palmer, Edward; Könberg, Bo Disclosed

The Latvian NDC Scheme : Success Under a Decreasing Labor Force (English)

Latvia introduced a nonfinancial defined contribution (NDC) scheme in 1996 as it transitioned to a market economy. Despite a 20 percent decline in the working-age population from 1994–2016, the ratio of contributors to old-age pensioners rose from 1.6 to 2.1 given a steady increase in formal labor force participation and 5-6 percent real per capita wage growth. ... See More +

Working Paper (Numbered Series) 136546 APR 01, 2019

Palmer, Edward; Stabina,Sandra Disclosed

Labor Market Participation and Postponed Retirement in Central and Eastern Europe (English)

This paper shows that as the educational composition in the fifty-five to sixty-four year-old age bracket improved between the mid-1990s and the mid-2010s, the effective retirement age rose rapidly in the Central and Eastern European region. ... See More +

Working Paper (Numbered Series) 136567 APR 01, 2019

Gal,Robert I.; Radó,Márta Disclosed

Information and Financial Literacy for Socially Sustainable NDC Pension Schemes (English)

This paper is centered on the complementary roles played by pension communication/information and financial literacy for a sustainable and equitable nonfinancial defined contribution (NDC) system at both the micro and macro socioeconomic level. ... See More +

Working Paper (Numbered Series) 136872 APR 01, 2019

Fornero,Elsa; Oggero,Noemi; Puglisi,Riccardo Disclosed

The Impact of Lifetime Events on Pensions : NDC Schemes in Poland, Italy, and Sweden and the Point Scheme in Germany (English)

The paper focuses on the interrupted careers in four countries where pensions are based on lifetime labor income, but they have different labor market patterns. ... See More +

Working Paper (Numbered Series) 136869 APR 01, 2019

Chłon-Dominczak,Agnieszka; Góra,Marek; Kotowska,Irena E.; Magda,Iga; Ruzik-Sierdzinska,Anna; Strzelecki,Paweł Disclosed

Western Balkans Labor Market Trends 2019 (English)

This third report on Western Balkan labor market trends presents a descriptive analysis of key labor market indicators for the six Western Balkan countries (Albania, Bosnia and Herzegovina, the Republic of North Macedonia, Montenegro, Kosovo, and Serbia) and selected European Union (EU) countries (Austria, Bulgaria, Croatia, and Hungary) between the second quarter of 2017 and the second quarter of 2018. ... See More +

Working Paper 135370 MAR 12, 2019

Koettl-Brodmann,Stefanie; Reyes,Gonzalo; Vidovic,Hermine; Arandarenko,Mihail; Aleksic,Dragan; Brancatelli,Calogero; Leitner,Sandra; Mara,Isilda Disclosed

Fiscal Incidence in Ukraine : A Commitment to Equity Analysis (English)

The paper employs the Commitment to Equity framework to present a first attempt at a comprehensive fiscal incidence analysis for Ukraine, encompassing the revenue and expenditures components of the fiscal system, including direct and indirect taxes, as well as direct, indirect, and in-kind transfers. ... See More +

Working Paper (Numbered Series) 135124 MAR 06, 2019

Bornukova,Kateryna; Leshchenko,Nataliia; Matytsin,Mikhail Disclosed

Promoting Tax Compliance in Kosovo with Behavioral Insights (English)

As in many countries, tax collection is a development challenge in Kosovo. Kosovo is one of the poorest and youngest countries in Europe in terms of gross domestic product (GDP) per capita and both demographics and statehood. ... See More +

Working Paper 135032 MAR 01, 2019

Hernandez Ore,Marco Antonio; Karver,Jonathan George; Negre Rossignoli,Mario; Perng,Julie Ting Ting Disclosed

Armenia - Country Economic Update : A Strong Mandate for Change Amid a Global Slowdown (English)

Following an initial spike in early 2018, Armenia’s economic performance slowed during the rest of the year, but still estimated to have above 5 percent growth for the year. ... See More +

Working Paper 135313 MAR 01, 2019

Manookian Salmasi,Armineh; Bogdan,Olena Disclosed

Armenia - Country Economic Update : A Strong Mandate for Change Amid a Global Slowdown (Luhya,Armenian)

Following an initial spike in early 2018, Armenia’s economic performance slowed during the rest of the year, but still estimated to have above 5 percent growth for the year. ... See More +

Working Paper 135313 MAR 01, 2019

Manookian Salmasi,Armineh; Bogdan,Olena Disclosed

Reducing Market Distortions for a More Prosperous Ukraine : Proposals for Market Regulation, Competition Policy, and Institutional Reform (English)

In Ukraine, the government’s economic interventions have a major influence on market outcomes. The propensity of SOEs and politically connected firms in concentrated markets to lobby for regulatory protections and other policy-based advantages underscores the importance of mainstreaming the principle of competitive neutrality in government interventions. ... See More +

Working Paper 135463 MAR 01, 2019

Pop,Georgiana; Martinez Licetti,Martha; Gramegna Mesa,Soulange Fatima; Dauda,Seidu Disclosed

Enhancing Women’s Labor Force Participation in Road Construction, Rehabilitation, and Maintenance in Albania : Gender Assessment, Recommendations, and Action Plan (English)

Building and maintaining roads have significant economic and social benefits in terms of increased production, lower transport costs, and increased access to markets, as well as to a range of services citizens depend on. ... See More +

Working Paper 135918 MAR 01, 2019

Plaku,Ani; Wittberger,Dolly Disclosed

Breaking the Cycle of Roma Exclusion in the Western Balkans (English)

The Roma are the largest ethnic minority in Europe, as well as one of the most deprived and socially excluded groups. Because of the lack of high-quality data, research on Roma inclusion to inform evidence-based policies is scarce, and accurate data on programs implemented in the Western Balkans are needed. ... See More +

Working Paper 135191 MAR 01, 2019

Robayo,Monica; Millan,Natalia Disclosed

Title Document Date Report No. Document Type Also available in
Reform Momentum Needed (English)
See More +
APR 01, 2019 135707 Working Paper
Quality of Management of Firms in Turkey (English)
See More +
APR 01, 2019 136314 Working Paper (Numbered Series)
The Polish NDC Scheme : Success in the Face of Adversity (English)
See More +
APR 01, 2019 136550 Working Paper (Numbered Series)
Sweden : Adjoining the Guarantee Pension with NDC (English)
See More +
APR 01, 2019 136557 Working Paper (Numbered Series)
The Norwegian NDC Scheme : Balancing Risk Sharing and Redistribution (English)
See More +
APR 01, 2019 136552 Working Paper (Numbered Series)
The Italian NDC Scheme : Evolution and Remaining Potholes (English)
See More +
APR 01, 2019 136548 Working Paper (Numbered Series)
The Greek Pension Reforms : Crises and NDC Attempts Awaiting Completion (English)
See More +
APR 01, 2019 136547 Working Paper (Numbered Series)
The Swedish NDC Scheme : Success on Track with Room for Reflection (English)
See More +
APR 01, 2019 136539 Working Paper (Numbered Series)
The Latvian NDC Scheme : Success Under a Decreasing Labor Force (English)
See More +
APR 01, 2019 136546 Working Paper (Numbered Series)
Labor Market Participation and Postponed Retirement in Central and Eastern Europe (English)
See More +
APR 01, 2019 136567 Working Paper (Numbered Series)
Information and Financial Literacy for Socially Sustainable NDC Pension Schemes (English)
See More +
APR 01, 2019 136872 Working Paper (Numbered Series)
The Impact of Lifetime Events on Pensions : NDC Schemes in Poland, Italy, and Sweden and the Point Scheme in Germany (English)
See More +
APR 01, 2019 136869 Working Paper (Numbered Series)
Western Balkans Labor Market Trends 2019 (English)
See More +
MAR 12, 2019 135370 Working Paper
Fiscal Incidence in Ukraine : A Commitment to Equity Analysis (English)
See More +
MAR 06, 2019 135124 Working Paper (Numbered Series)
Promoting Tax Compliance in Kosovo with Behavioral Insights (English)
See More +
MAR 01, 2019 135032 Working Paper
Armenia - Country Economic Update : A Strong Mandate for Change Amid a Global Slowdown (English)
See More +
MAR 01, 2019 135313 Working Paper
Armenia - Country Economic Update : A Strong Mandate for Change Amid a Global Slowdown (Luhya,Armenian)
See More +
MAR 01, 2019 135313 Working Paper
Reducing Market Distortions for a More Prosperous Ukraine : Proposals for Market Regulation, Competition Policy, and Institutional Reform (English)
See More +
MAR 01, 2019 135463 Working Paper
Enhancing Women’s Labor Force Participation in Road Construction, Rehabilitation, and Maintenance in Albania : Gender Assessment, Recommendations, and Action Plan (English)
See More +
MAR 01, 2019 135918 Working Paper
Breaking the Cycle of Roma Exclusion in the Western Balkans (English)
See More +
MAR 01, 2019 135191 Working Paper