Pensions, informality, and the emerging middle class

Artikel

A large share of the population in emerging market economies has no pension coverage, exposing them to the economic risks arising from socio-economic and individual shocks. This problem, which arises from having large informal (unregulated) sectors, affects not only poor workers, but as many as half the newly or nearly middle class in some emerging market economies. With very little social protection coverage today, these workers will also be vulnerable in the future unless tax, labor, and social policies change to encourage formalization. While formalization would require substantial resources in the short-term, it seems financially sustainable.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2015 ; Bonn: Institute for the Study of Labor (IZA)

Classification and Topics

• Classification: Wirtschaft ; Social Security and Public Pensions ; Labor Economics Policies
• Subject: informality ; pensions ; incentives ; middle class ; Latin America

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Melguizo, Angel
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2015

Further information

• DOI: doi:10.15185/izawol.169
• Handle: http://hdl.handle.net/10419/125388
• Last update: 10.03.2025, 11:45 AM CET