Portability of Pension, Health, and Other Social Benefits : Facts, Concepts, Issues

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...

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Bibliographic Details
Main Authors:	Holzmann, Robert, Koettl, Johannes
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCESS TO HEALTH CARE ACCRUAL RATE ACCRUAL RATES ACCUMULATED SAVINGS ADVOCACY AGING ANNUITY ARBITRAGE ARMED CONFLICTS BASIC HEALTH CARE BASIC PENSION BASIC PENSIONS BENEFICIARY BENEFIT FORMULA BENEFIT LEVEL BENEFIT LEVELS BENEFIT PAYMENT BENEFIT SCHEMES BONDS BUDGET CONSTRAINT CAPITAL MARKET CASH TRANSFERS CENSUSES CHILD CARE CITIZEN COLLATERAL COMPENSATION CONSUMPTION SMOOTHING CONTRIBUTION COLLECTION CONTRIBUTION PAYMENTS CONTRIBUTION PERIOD CONTRIBUTION PERIODS CONTRIBUTION RATE CONTRIBUTION RATES COURT DEBT DEBT INSTRUMENTS DEFINED BENEFIT DEFINED BENEFIT SCHEME DEFINED CONTRIBUTION SYSTEMS DEFINED CONTRIBUTIONS DISABILITY DISABILITY PENSIONS DISBURSEMENT DISCRIMINATION DISEASES DIVORCES DOMINANCE ECONOMIC GROWTH ECONOMIC INTEGRATION ELDERLY EU EU DIRECTIVE EU DIRECTIVES EXPENDITURE EXPENDITURES EXTENDED FAMILY FAMILIES FAMILY MEMBERS FINANCIAL ASSETS FINANCIAL CAPITAL FLAT RATE CONTRIBUTIONS FUNDED SCHEMES FUTURE PENSION GLOBAL COMMISSION GLOBALIZATION HEALTH CARE HEALTH CARE SYSTEM HEALTH CARE SYSTEMS HEALTH RISKS HEALTH WORKERS HOME HOME COUNTRIES HOST COUNTRIES HOST COUNTRY HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RIGHTS ILLEGAL MIGRANTS IMMIGRATION IMMIGRATION POLICY IMPLICIT TAX INCOME LEVEL INCOME LEVELS INDIVIDUAL ACCOUNT INDIVIDUAL ACCOUNTS INFORMAL SECTOR INSTRUMENT INSURANCE PREMIUM INSURANCE SCHEMES INTEREST RATE INTERNAL RATE OF RETURN INTERNATIONAL AGREEMENTS INTERNATIONAL CONVENTIONS INTERNATIONAL INSTRUMENTS INTERNATIONAL LABOR ORGANIZATION INTERNATIONAL MIGRATION INTERNATIONAL MOBILITY INTERNATIONAL SWAP INVENTORY JUSTICE LABOR FORCE LABOR MARKET LABOR MARKETS LABOR MIGRANTS LABOR SUPPLY LEGAL FRAMEWORK LEGISLATION LIABILITY LIFETIME EARNINGS LONG-TERM CARE LOW-INCOME COUNTRIES MARKET CONDITIONS MARKET FAILURE MIGRANT MIGRANT WORKERS MIGRANTS MIGRATION MIGRATION FLOWS MIGRATION FOR EMPLOYMENT MIGRATION ISSUES MINIMUM BENEFIT MINIMUM BENEFIT GUARANTEES MINIMUM INCOME MORAL HAZARDS MORBIDITY MORTALITY MULTILATERAL AGREEMENTS MULTILATERAL ARRANGEMENTS NATIONAL LEGISLATION NATIONAL PENSION NATIONALS NUMBER OF INTERNATIONAL MIGRANTS OCCUPATIONAL PENSIONS OCCUPATIONAL SCHEMES OLD AGE OLD-AGE OLD-AGE PENSION OLD-AGE PENSIONS PENSION PENSION AT RETIREMENT PENSION BENEFIT PENSION BENEFITS PENSION CONTRIBUTION PENSION CONTRIBUTIONS PENSION FRAMEWORK PENSION REFORMS PENSION RIGHTS PENSION SCHEME PENSION SCHEMES PENSION SERVICE PENSION SYSTEM PENSION SYSTEMS PENSIONERS PENSIONS PERSONAL INCOME PILLAR BENEFIT POLICY ANALYSIS POLICY MAKERS PROGRESS PROPERTY RIGHTS PUBLIC PENSION PURCHASING POWER RATES OF RETURN REGIONAL AGREEMENTS REMITTANCE REMITTANCES REPAYMENT RESERVE RESERVE FUND RESERVES RESPECT RETIREE RETIREES RETIREMENT RETIREMENT ACCOUNT RETIREMENT AGE RETIREMENT DECISIONS RETIREMENT INCOME RETIREMENT INCOME PROVISIONS RETIREMENT PENSIONS RETURN RETURNS RISK CONTROL RISK MANAGEMENT RISK MANAGEMENT STRATEGIES RISK POOLING RISK PROFILE RISK PROFILES SAVINGS ACCOUNT SECURITY AGREEMENTS SERVICE PROVIDER SERVICE PROVIDERS SOCIAL ASSISTANCE SOCIAL INSURANCE SOCIAL INSURANCE BENEFITS SOCIAL INSURANCE PROGRAMS SOCIAL PENSION SOCIAL PENSIONS SOCIAL POLICY SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY BENEFITS SOCIAL SECURITY SYSTEM SOCIAL SECURITY SYSTEMS SOCIAL SERVICES SOCIAL SERVICES FOR MIGRANTS SOLVENCY STOCKS SUPPLEMENTARY PENSION SUPPLEMENTARY PENSIONS TAX TAX DEDUCTION TAX FINANCING TAX RATES TAX TREATMENT TEMPORARY MIGRANTS UNDOCUMENTED MIGRANTS UNDOCUMENTED MIGRATION UNEMPLOYMENT VOLUNTARY PENSIONS WELFARE STATE WILL WORK FORCE WORKERS WORLD POPULATION YOUNG AGE
Online Access:	http://documents.worldbank.org/curated/en/613941468170350968/Portability-of-pension-health-and-other-social-benefits-facts-concepts-issues http://hdl.handle.net/10986/27338

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Summary:	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 design and 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.

Portability of Pension, Health, and Other Social Benefits : Facts, Concepts, Issues

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