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Author: Alain de Crombrugghe
Publisher: World Bank Publications
ISBN:
Category : Budget
Languages : en
Pages : 55
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Book Description
Author: Alain de Crombrugghe
Publisher: World Bank Publications
ISBN:
Category : Budget
Languages : en
Pages : 55
Get Book Here
Book Description
Author: Alain de Crombrugghe
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
Poland's current economic recovery should create jobs, not raise wages. Ensuring equitable opportunities for all requires moderating the income claims of the best - protected groups - reforming the pension system.After Poland's remarkable stabilization and liberalization in 1990, the economy faced three related problems: high wage and pension claims, a rising number of pensioners and unemployed workers, and a budget crisis, especially in 1991 and 1992. De Crombrugghe studies the role that wage and pension pressures played in this crisis. He also explains the persistence of the high tax wedge that later helped overcome the budget crisis.The positive effect on revenues of higher wages and higher tax rates could not compensate for both the inevitable loss in profit taxes and the excessive growth of spending on replacement income.Counterfactuals constructed for revenue and spending show the rising number of social benefit earners (pensions, unemployment) to be responsible for much of the budgetary burden. But they also show that the better protection of social income (over other income) explains part of the burden.Part of the employment loss and social spending can be ascribed to the excessive wage recovery of late 1990 and 1991. Insiders set wages ignoring the unemployed and exploiting the pension system in a context of uncertainty about profits and productivity, at a time when there was strong popular support for the protection of replacement income.De Crombrugghe recommends pension reform and caution about wages: the current economic recovery should create jobs, not raise wages, he says, and ensuring equitable opportunities for all requires moderating the income claims of the best-protected groups.This paper - a joint product of the Office of the Senior Vice President, Development Economics and Chief Economist, and Research Advisory Staff - is part of Fiscal Reform in Poland (RPO 678-96), a study funded by the Bank's Research Support Budget.
Author: Alain Leon DeCrombrugghe
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
Author: Alain DeCrombrugghe
Publisher:
ISBN:
Category :
Languages : en
Pages : 52
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Book Description
Author: Emily S. Andrews
Publisher: World Bank Publications
ISBN: 0821365525
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
"Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."
Author: OECD
Publisher: OECD Publishing
ISBN: 926415146X
Category :
Languages : en
Pages : 172
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Book Description
This 1998 edition of OECD's periodic review of Poland's economy examines recent economic developments, policies and prospects. It also includes special features on privatisation and management in public enterprises, pension reform, and implementing the OECD Jobs Strategy.
Author: Janice Bell
Publisher: Routledge
ISBN: 1134436262
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
The emergence of open unemployment is an unavoidable consequence of postcommunist transition. Some countries-notably in the former Soviet Union-initially slowed economic contraction. But in the longer run slower reformers have generally sustained deeper and more prolonged recessions than faster reforming central European countries. Moreover, the initially low unemployment rates in the former Soviet Union are now rising, and may stabilise at higher post-transition equilibrium rates than in Central Europe.
Author: Salvatore Schiavo-Campo
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 94
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Book Description
Author:
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 264
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Book Description
Author: Theo S. Eicher
Publisher: MIT Press
ISBN: 0262550644
Category : Business & Economics
Languages : en
Pages : 343
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Book Description
Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.
