news

Unemployment benefits are very effective in highly informal labour markets

Submitted by pmassetti on Tue, 04/30/2024 - 16:19

VoxDev (20.03.24) Evidence from Mauritius shows the consequences of losing a formal job in a labour market characterised by high rates of informal employment are significant. Unemployment benefits help mitigate these effects, while generating only small disincentive effects on labour supply.

Regions / Country
mauritius
Topics
Employment
Document Type

The Gambia Social Registry: A Success Story in Systems Building

Submitted by pmassetti on Mon, 04/29/2024 - 16:15

blogs.worldbank.org (23.04.2024) Since its inception, GamSR's data has played a pivotal role in various programs in The Gambia, notably the 'Nafa Quick' initiative, which formed the cornerstone of the Government of The Gambia (GoTG) COVID-19 pandemic response. It swiftly reached 78,422 households in 30 districts, to mitigate the adverse effects of the pandemic on impoverished households. Subsequently, the Nafa (cash transfers) program, aimed at providing cash to the poorest, covered 20 districts and 16,966 households, employing GamSR data for eligibility assessments.

Regions / Country
gambia
Topics
Data management
COVID-19
Document Type

The Future of a Hyper-Aging Society Navigated by Well-Being Technology

Submitted by pmassetti on Mon, 04/22/2024 - 15:33

ey.com (17.04.2024) Today, humanity is experiencing a paradigm shift and transitioning to a new era. We live in a world where every person’s well-being – the happiness of the body and mind – is impacted by social environments born of numerous changes, including an aging and increasingly diverse society, changes to how and where we work, and outbreaks of emerging diseases. This changing panorama is raising people’s interest in well-being technology, as well as its value and importance.

Global challenges
Topics
Old-age pensions
Document Type

Retiring in your 60s is becoming an impossible goal. Is 75 the new 65?

Submitted by pmassetti on Tue, 04/09/2024 - 16:11

bbc.com (08.04.2024) People are living longer, and daily life is getting more expensive. It may be time to rethink the timeline for leaving the workforce. Handing in your proverbial badge as a sexagenarian has been the goal for many workers around the world: turning 65 would open a golden portal to retirement. Yet increasingly, the idea of stepping away from the workforce in your 60s doesn't seem realistic – or even sensible – for many people, especially now. Some major financial figureheads agree.

Global challenges
Topics
Pensions
Document Type

Opinion: Social Protection, a Key Solution for Directing Climate Finance To Poor Small-Scale Farmers

Submitted by pmassetti on Mon, 04/08/2024 - 15:42

ipsnews.net (05.04.2024) Climate change is exacerbating inequalities between and within countries, disproportionately affecting poor households in rural areas. In fact, we know that more than half of the resources of the poor – a large part of whom are small-scale farmers – are lost due to climatic hazards. This has negative impacts on the incomes of these people and their ability to meet their essential needs, including food.

Topics
Environment and climate change
Document Type

Ireland: Up to 800,000 workers to be automatically enrolled in pension scheme under new plans

Submitted by pmassetti on Fri, 04/05/2024 - 12:05

SundayWorld.com (05.04.2024) Up to 800,000 workers will be automatically enrolled into a pension scheme for the first time under new legislation published today. Workers who have no occupational or private pension and would have otherwise been solely reliant on the State Pension upon retirement will have access to the scheme under the bill. Employees aged between 23 and 60 years old, who earn over €20,000 per year and who are not already paying into a pension scheme, would automatically be enrolled.

Regions / Country
côte d'ivoire
Topics
Pensions
Document Type

Portugal: Automatic Pension Scheme to be Approved

Submitted by pmassetti on Tue, 04/02/2024 - 16:02

theportugalnews.com (30.03.2024) Heather Humphreys, the minister for social protection, has outlined her plan to implement the much-anticipated pension auto-enrolment programme for workers. Under the plan, businesses would match employee contributions with an additional €3, meaning that the State will contribute €1 for every €3 an employee contributes to their pension account. Workers between the ages of 23 and 60 who are not currently registered in a pension plan will be enrolled automatically.

Regions / Country
portugal
Topics
Pensions
Document Type

Africa Is Aging. Will It Become A Real Population Bomb?

Submitted by pmassetti on Thu, 03/28/2024 - 15:36

forbes.com (20.03.2024) Africa is the most youthful continent, with 70% of sub-Saharan Africa under age 30. With high fertility rates and objections to birth control, the youth population will continue to grow. Investing in young people is important for the continent’s transformation, but Africa also needs to prepare for a growing older population that will present new issues in the decades ahead. By the end of this century, Africa will be home to almost 40% of the world’s population, including a 15-fold growth in older adults, from 46 million today to 694 million.

Regions / Country
Africa
Global challenges
Topics
Old-age pensions
Document Type

Europe is giving more parental leave to its workers

Submitted by pmassetti on Fri, 03/22/2024 - 14:50

economist.com (21.03.2024) Most European countries have been making parental leave more generous since the 1980s. The eu sets a statutory minimum of 14 weeks leave for mothers and, since 2022, two weeks for fathers. But many member states offer leave that is much longer: the average across the eu is 21 weeks for women and three weeks for men, but lengths vary wildly. Paternity leave has been changing the most. Nordic countries were the first to introduce it by statute. Sweden had in 1974 introduced shared paid leave that could be taken by either parent; it now amounts to 69 weeks.

Regions / Country
Europe
Topics
Family benefits
Document Type

East Asian societies have the world’s lowest birth rates—and are learning that ‘throwing a bit of money’ at the problem isn’t solving anything

Submitted by pmassetti on Mon, 03/18/2024 - 15:30

finance.yahoo.com (12.03.2024) Governments across Asia—in Singapore and Beijing, Tokyo and Seoul—are facing a crisis: plummeting birth rates. For several decades now, people in East Asian economies have had fewer and fewer children. Last year, South Korea beat its own record for having the world’s lowest birth rate, reporting 0.72 births per woman for 2023, down from 0.78 in 2022. Singapore reported 0.97 births per woman, the first time the rate has fallen below one. Japan has one of the world’s oldest populations, with a median age of 49.5.

Regions / Country
Asia
Global challenges
Topics
Pensions
Document Type