Old-age Income Support in the 21st Century: An International Perspective on Pension Systems and ReformWorld Bank, 2005 - 232 pages Printed on Demand. Limited stock is held for this title. If you would like to order 30 copies or more please contact books@worldbank.org Contact books@worldbank.org, if currently unavailable. The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. During this time, the World Bank has taken a leading role in addressing this challenge through its support for pension reforms around the world. Old-Age Income Support in the 21st Century attempts to explain current policy thinking and update the World Bank?s perspective on pension reform. The Bank has been involved in pension reforms in nearly 60 countries, and the demand for its support continues to grow. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank?s thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia. This book will be of interest to Bank clients, the international community, and anyone interested in pension systems and reform. |
Contents
Multipillar Pension Taxonomy | 10 |
CONCEPTUAL UNDERPINNINGS | 21 |
Conceptual Foundations of the World Banks Perspective | 37 |
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accounts administrative Africa annuities approach Asia assessment Bank's basic capacity Central Asia Chile civil servants client countries contribution rates costs coverage defined benefit defined contribution defined-benefit scheme demographic developing countries disability diversification economic effects elderly financial market financial sector fiscal fund management funded pillar funded scheme funded system growth Holzmann Impavido implementation implicit pension debt increase individual individual retirement accounts institutions International investment issues labor force labor market Latin America lending loans long-term macroeconomic mandated mandatory ment minimum multipillar noncontributory nonfinancial notional defined-contribution OECD old-age parametric reforms participation pay-as-you-go pension funds pension plans pension reform pension scheme pension system percent political poverty programs public pension rate of return redistribution reform options region replacement rate requires retirement age risks SAN DIEGO savings second pillar sion social risk management Social Security sustainability tion transition unfunded voluntary wage World Bank