In Latin America and the Caribbean, where 55% of workers labor informally, some individuals face a crucial decision throughout their lives: whether to work in the formal or informal sector. This decision has important implications for their wages, the amount of taxes they pay, and their overall financial well-being. It is also crucial in determining whether they qualify for … [Read more...] about Why Do Workers in Ecuador Go Formal at Age 50? And What Do Pensions Have to Do With It?
Mariano Bosch
Mariano Bosch is a principal economist at the Inter-American Development Bank (IDB), where he coordinates and supervises the Vice President of the Sectors Knowledge Agenda. Since joining the IDB in 2011, he has led research on labor markets, pensions, and welfare policies. He has also provided advisory support to countries in Latin America and the Caribbean on labor market reforms and pension policies. Before joining the IDB, he worked as a consultant for the World Bank and was an assistant professor at the University of Alicante in Spain. His research on labor markets and development has been published in leading academic journals, including American Economic Journal: Applied Economics, Journal of Development Economics, World Bank Economic Review, and Labour Economics. He holds a PhD in Economics from the London School of Economics.
When Poorly Designed Pensions Threaten the Future
Over the last three months, tens of thousands of demonstrators have poured into the streets of Brazil's major cities, blocking roads, clashing with police, and bringing public transport to a halt in protests in which pensions loom large. But Brazil's pension crisis, which has the government trying to raise the minimum retirement age and workers angrily pushing back, will not be … [Read more...] about When Poorly Designed Pensions Threaten the Future