Overview of Retirement‐income Systems
Abstract:Retirement‐income regimes around the world are diverse and they often involve a number of different programmes. As a result, classifying pension systems and different retirement‐income schemes within those systems is difficult. Perhaps the most well known of these taxonomies is the "multipillar" one of the World Bank (1994). In its current versions, this comprises five different pillars (Holzmann and Hinz, 2005). The focus of this report, however, is on mandatory retirement‐income provision and so some of these pillars are not necessary here.
Document Type: Review Article
Publication date: January 1, 2012