World Bank Support for Pensions and Social Security
Pension and social insurance programs that prevent a substantial loss in consumption resulting from old age, disability, or death are an integral part of any social protection system. The dual objectives of such programs are to allow for the preven...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2012/03/16499016/world-bank-support-pensions-social-security http://hdl.handle.net/10986/13556 |
Summary: | Pension and social insurance programs
that prevent a substantial loss in consumption resulting
from old age, disability, or death are an integral part of
any social protection system. The dual objectives of such
programs are to allow for the prevention of a sharp decline
in income when these life-cycle events take place and
protection against poverty in old age. This background paper
reviews the World Bank's conceptual framework for the
analysis of pension programs and defines the major
challenges facing low and middle income countries, namely,
coverage, adequacy and sustainability. The paper proposes a
broad, forward-looking strategy to help address these challenges. |
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