Pension Reform and the Development of Pension Systems
Author: Andrews, Emily S.
Publication date: March 2006
Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income.
Publisher: World Bank
- By this author: Andrews, Emily S.