Pensions in Development
This title was first published in 2001. Challenging conventional approaches to the delivery of sustainable "social protection" to the elderly in developing countries (DCs) and assessing their implications, this work discusses the appropriateness of the public management of funded systems in DCs with relatively large formal sectors. The combination of social assistance approaches to social protection for the elderly facilitates the formation of an original unbiased "pensions in development" approach. Arguing for expeditious implementation of non-contributory tax (or aid) financed universal old-age "pensions" provision in all DCs and advocating industry flexibility and inclusivity, the book provides a treatment of a growing issue in worldwide development.
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... Vittas and Roland Michelitsch of the World Bank bluntly put it , these ' pay - as - you - go social pension systems make little or no contribution to the accumulation of financial assets ' ( 1996 , p.264 ) ... in total contrast to their ...
... ( Vittas , 1992 , p.2 ; see also Vittas and Michelitsch , 1996 , p.262 ) , but financial system deepening is seen as crucial to the achievement of sustainable economic development . As the 1997 World Development Report summarises : ' Our ...
... Vittas , reflecting Bank thinking prior to the full development of its preferred model in Averting , pointed out : ' In Britain and the US less than half of private sector employees are covered by company pension schemes , against 100 ...
... Vittas - in his almost universally well - received pre - Averting proposals for a ' Bank ' model of ' multi - pillar ' provision to argue that the first pillar ' would follow the approach of the Swiss first pillar ' ( Vittas , 1993 , p ...
... Vittas proposed , were that it involved ' a continuing , though reduced , role for a public pension pillar and a much reduced role for company - based pension schemes ' ( Vittas , 1993 , p.25 , emphasis added ) . Bluntly ...
PublicPrivate Partnerships in Pillared Pension Provision
Trends and Issues in Social
Alternative Agendas for Least Developed Countries
The Pension FundCapital Market Nexus
From Monologue to Dialogue