Most young people entering the job market this year in Latin America and the Caribbean face a hard road ahead. If they get a job at all, they will not get work in what is known as the formal sector, consisting of established firms that abide by labor laws and provide benefits. Instead, they will most likely enter the informal economy, either working for themselves or for very … [Read more...] about Catching Up on Skills for the Labor Market
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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