This book puts forth innovative ideas about how to upgrade skills and improve labor market prospects through job training. It discuses market and government failures that can lead to underinvestment in training and summarizes evidence on the effectiveness of government and private sector policies in addressing these failures. The measures proposed go beyond traditional government policies and i…
Nonfinancial defined contibution (NDC) schemes are now in their teens. The new pension concept was born in the early 1990s;implemented from the mid-1990s in Italy,Latvia,Poland and Sweden;legislated most recently in Norway and the Arab Republic of Egypt; and serves as inspiration for other countries. This innovative, unfunded individual account scheme provides a promising option at a time when …