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Sustainability of Pension Systems in the New EU Member States and Croatia
This study finds that pension reforms in recent years have improved the efficiency and sustainability of pension systems in the new member states of the European Union and Croatia. However, for many countries, these probably have not gone far enough to ensure long-term sustainability, given the aging of the population. Reforms have included changes to Pay-As-You-Go (PAYG) systems, including increases in retirement ages (not at least for women), new benefit formulas, and new indexation mechanism. Some countries (Latvia and Poland) have further strengthened the link of contributions and benefits to the sustainability of the PAYG system through the introduction of national defined contribution ...
Transition to a Low-emissions Economy in Poland
"This study poses the question of how Poland can transition to a low emissions economy as successfully as it underwent transition to a market economy in the early 1990s. With the EU policies on climate change and 2020 targets already in place, Poland faces immediate policy challenges. What are the implications for Poland of implementing EU policies on energy and climate change? Could the country commit to more ambitious overall grenhouse gas mitigation targets for the longer ter -- to 2030 and beyond? What technological options are available, and how expensive are they? Would there be high costs in lost growth and employment? The report addresses these questions while advancing the methodological approach of the World Bank's low carbon studies by integrating "bottom-up" engineering analysis with "to-down" economy-wide modeling. The economic impact is presented using a unique macroeconomic version of the well-known abatement cost curve.
Social Assistance in the New EU Member States
This study analyzes the performance of social assistance and family benefit programs in eight new member states of the European Union from the perspective of fiscal impact and effectiveness. It is based on household survey data for six of the countries, as well as budget data and information on program design collected at the national level. The paper finds that, although social assistance programs in the new member states are small in terms of coverage and expenditure levels (reaching 2 to 5 percent of the population), the programs are an important safety net for the poor. Programs are relatively well targeted, with between 30 and 60 percent of resources going to the poorest quintile of the population. For those who receive them, benefits can make up as much as 37 percent of average consumption of the poor.
Growing Green
The Economic Benefits of Climate Action shows how well-designed policies can reduce the ECA region s carbon footprint while promoting growth opportunities and protecting the living standards of lower income households.
Fiscal Policy and Economic Growth
Worldwide experience highlights public finance policies that promote economic growth while meeting the need for fundamental public goods. Macroeconomic stability is essential, as large budget deficits retard growth, followed by moderate levels of public spending - around one-third of GDP or less - especially when governance and public administration are weak; that in turn requires efficiency, particularly in areas such as infrastructure, health, education, and social protection; finally, lower income and payroll tax rates can spur investment and employment. The Eastern European and Central Asia countries pioneered flat income taxes without generally suffering revenue losses as a result, but they have not addressed the problem of high payroll taxes and still face many hurdles in improving the efficiency and effectiveness of public spending and revenue generation.
Internal Labor Mobility in Central Europe and the Baltic Region
Large regional disparities in labor market indicators exist in Central Europe and the Baltic region. Such disparities appear to be persistent over time indicating, in part, a lack of flexibility in the prevailing adjustment mechanisms. Internal labor mobility is often seen as an important instrument to reduce adjustment costs when other mechanisms fail. Drawing from a variety of data sources and utilizing a common empirical framework and estimation strategy, this study identifies patterns and statistical profiles of geographical mobility. It finds internal migration to be generalily low and highly concentrated among better-educated, young, and single workers. This suggests that migration is more likely to reinforce existing inequalities than to act as an equalizing phenomenon. By way of contrast, commuting flows have grown over time and are more responsive to regional economic differentials. The findings suggest the need for appropriate and country-tailored policy measures designed to increase the responsiveness of labor flows to market conditions.
Vocational Education in the New EU Member States
Vocational education often is ignored during discussions of secondary education reform even though it accounts for between 25 percent and 79 percent of upper secondary enrollment in the former centrally-planned countries of the European Union. Based on information, data, and feedback from most of these countries, this paper develops a set of propositions about vocational education reform, not with a view to prescribing a detailed "one-size-fits-all" strategy, but rather it derives some principles that continued reform of vocational education could take into account, to the benefit of fiscal ef.
FYR Macedonia Green Growth Country Assessment
This green growth country assessment for FYR Macedonia defines and assesses the economic costs and benefits of a shift to greener growth for FYR Macedonia, with a focus on climate action. Multi-sector analytic work tied together by macroeconomic modeling generated a detailed green growth path to 2050. While addressing today's economic challenges, policymakers need to keep the long-term in mind, both the likely impact of a changing climate on water, agriculture, and infrastructure and growing obligations to mitigate greenhouse gas emissions. This consideration is particularly important for decisions on long-lived infrastructure such as power supply, irrigation, or urban streets, water distrib...
Financial Management Information Systems
?Financial Management Information Systems: 25 Years of World Bank Experience on What Works and What Doesn?t? was prepared as an updated and expanded version of the FMIS review report drafted in 2003, to highlight the achievements and challenges observed during the design and implementation of Bank funded FMIS projects since 1984.
The Fiscal Institutions of Tomorrow
The Fiscal Institutions of Tomorrow, the first publication in the series Institutions for People, addresses issues of public management that are key to economic development in Latin America and the Caribbean. It presents the challenges that the countries in the region face to strengthen fiscal institutions with a view to the future and with policy recommendations. This publication serves as reference material for policymakers and economic analysts interested in studying the evolution of fiscal institutions in the region and identifying areas to improve governance.
