NDC Schemes and the Labor Market : Issues and Options

Holzmann, Robert ; Robalino, David ; Winkler, Hernan

World Bank, Washington, DC

关键词: PENSION REFORM;    RETIREMENT AGE;    DEMOGRAPHICS;    LABOR FORCE PARTICIPATION;    ELDERLY LABOR;   

RP-ID  :  136565

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Defined contribution (DC) schemeswhether unfunded or funded are often considered superior todefined benefit (DB) schemes in their ability to addresslabor market issues, particularly in encouraging formalemployment and delayed retirement. Conceptually, theassessment is based on superior incentives to work and save.Yet economic and social realities are more complex. Thispaper explores design and labor market conditions thatpotentially constrain DC schemes. The paper concludes thatto achieve their conceptual potential, DC schemes requiredesign innovations, including a better integration of basicprovisions and complementary labor policies that promote jobcreation in the formal sector and expand job opportunitiesduring old age.