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Portability of pension, health, and other social benefits : facts, concepts, issues

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  • Holzmann, Robert
  • Koettl, Johannes

Abstract

Portability of social benefits across professions and countries is an increasing concern for individuals and policy makers. Lacking or incomplete transfers of acquired social rights are feared to negatively impact individual labor market decisions as well as capacity to address social risks with consequences for economic and social outcomes. The paper gives a fresh and provocative look on the international perspective of the topic that has so far been dominated by social policy lawyers working within the framework of bilateral agreements; the input by economists has been very limited. It offers an analytical framework for portability analysis that suggests separating the risk pooling, (implicit or actual) pre-funding and redistributive elements in the benefit designand explores the proposed alternative approach for pensions and health care benefits. This promising approach may serve both as a substitute and complement to bi- and multilateral agreements.

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Bibliographic Info

Paper provided by The World Bank in its series Social Protection Discussion Papers with number 62725.

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Date of creation: 11 May 2011
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Handle: RePEc:wbk:hdnspu:62725

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Keywords: Gender and Law; Health Monitoring&Evaluation; Population Policies; Pensions&Retirement Systems; Debt Markets;

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References

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  1. Gilbert,Christopher L. & Vines,David (ed.), 2000. "The World Bank," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521790956.
  2. Kirdar, Murat G., 2008. "Estimating the impact of immigrants on the host country social security system when return migration is an endogenous choice," MPRA Paper 7803, University Library of Munich, Germany.
  3. Storesletten, Kjetil, 2001. "Fiscal Implications of Immigration - A Net Present Value Calculation -," Seminar Papers, Stockholm University, Institute for International Economic Studies 701, Stockholm University, Institute for International Economic Studies.
  4. Fenge, Robert & Von Weizsäcker, Jakob, 2010. "Public pension systems and distortions of intra-EU mobility: the Lodge Test," Journal of Pension Economics and Finance, Cambridge University Press, Cambridge University Press, vol. 9(02), pages 263-275, April.
  5. Robalino, David A. & Bodor, András, 2009. "On the financial sustainability of earnings-related pension schemes with ‘pay-as-you-go’ financing and the role of government-indexed bonds," Journal of Pension Economics and Finance, Cambridge University Press, Cambridge University Press, vol. 8(02), pages 153-187, April.
  6. Alvaro Forteza, 2010. "The Portability of Pension Rights: General Principles and the Caribbean Case," Development Policy Review, Overseas Development Institute, Overseas Development Institute, vol. 28(2), pages 237-255, 03.
  7. Emma Aguila & Julie Zissimopoulos, 2009. "Labor Market and Immigration Behavior of Middle-Aged and Elderly Mexicans," Working Papers, RAND Corporation Publications Department 726, RAND Corporation Publications Department.
  8. Robert Holzmann & Steen Jørgensen, 2001. "Social Risk Management: A New Conceptual Framework for Social Protection, and Beyond," International Tax and Public Finance, Springer, Springer, vol. 8(4), pages 529-556, August.
  9. Wei Sun & Anthony Webb & Natalia Zhivan, 2009. "Does Staying Healthy Reduce Your Lifetime Health Care Costs?," Issues in Brief, Center for Retirement Research ib2010-8, Center for Retirement Research, revised May 2009.
  10. Werding, Martin & McLennan, Stuart, 2011. "International portability of health-cost coverage : concepts and experience," Social Protection Discussion Papers, The World Bank 63929, The World Bank.
  11. Salvador Valdés-Prieto, 2005. "Securitization of taxes implicit in PAYG pensions," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 20(42), pages 215-265, 04.
  12. Holzmann, Robert & Koettl, Johannes & Chernetsky, Taras, 2005. "Portability regimes of pension and health care benefits for international migrants: an analysis of issues and good practices," Social Protection Discussion Papers, The World Bank 32750, The World Bank.
  13. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 87(6), pages 1261-84, December.
  14. Avato, Johanna & Koettl, Johannes & Sabates-Wheeler, Rachel, 2009. "Definitions, good practices, and global estimates on the status of social protection for international migrants," Social Protection Discussion Papers, The World Bank 49172, The World Bank.
  15. Bonin, Holger & Eichhorst, Werner & Florman, Christer & Hansen, Mette Okkels & Skiöld, Lena & Stuhler, Jan & Tatsiramos, Konstantinos & Thomasen, Henrik & Zimmermann, Klaus F., 2008. "Report No. 19: Geographic Mobility in the European Union: Optimising its Economic and Social Benefits," IZA Research Reports, Institute for the Study of Labor (IZA) 19, Institute for the Study of Labor (IZA).
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Citations

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Cited by:
  1. Werding, Martin & McLennan, Stuart, 2011. "International portability of health-cost coverage : concepts and experience," Social Protection Discussion Papers, The World Bank 63929, The World Bank.
  2. Umapathi, Nithin & Wang, Dewen & O'Keefe, Philip, 2013. "Eligibility thresholds for minimum living guarantee programs : international practices and implications for China," Social Protection Discussion Papers, The World Bank 83118, The World Bank.
  3. Dorfman, Mark & Palacios, Robert, 2012. "World Bank support for pensions and social security," Social Protection Discussion Papers, The World Bank 70925, The World Bank.
  4. Gloria Pasadilla & Manolo Abella, 2012. "Social Protection for Migrant Workers in ASEAN," CESifo Working Paper Series, CESifo Group Munich 3914, CESifo Group Munich.
  5. Holzmann, Robert & Pouget, Yann & Vodopivec, Milan & Weber, Michael, 2011. "Severance Pay Programs around the World: History, Rationale, Status, and Reforms," IZA Discussion Papers 5731, Institute for the Study of Labor (IZA).
  6. Martin Werding & Stuart McLennan, 2012. "International Portability of Health-Cost Cover: Mobility, Insurance, and Redistribution," CESifo Working Paper Series, CESifo Group Munich 3952, CESifo Group Munich.
  7. Robalino, David & Margolis, David & Rother, Friederike & Newhouse, David & Lundberg, Mattias, 2013. "Youth employment : a human development agenda for the next decade," Social Protection Discussion Papers, The World Bank 83925, The World Bank.
  8. Salvador Valdés-Prieto, 2013. "Portability of Social Benefits and International Trade in Services: Some Reflections," CESifo Working Paper Series, CESifo Group Munich 4080, CESifo Group Munich.
  9. Anna Cristina d'Addio & Maria Chiara Cavalleri, 2013. "Labour Mobility and the Portability of Social Rights in the EU," CESifo Working Paper Series, CESifo Group Munich 4153, CESifo Group Munich.
  10. Gill, Indermit & Koettl, Johannes & Packard, Truman, 2013. "Full Employment: A Distant Dream for Europe," IZA Discussion Papers 7663, Institute for the Study of Labor (IZA).

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