Pensions in Development
Routledge, 29/03/2018 - 772 من الصفحات
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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As Dimitri 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, ...
Not only is 'the organization of a country's pension system ... a major determinant of the structure of the financial system' (Vittas, 1992, p.2; see also Vittas and Michelitsch, 1996, p.262), but financial system deepening is seen as ...
As Dimitri 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, ...
As Vittas underlined, '[t]he Swiss system, like those of most OECD countries, is extremely complex and opaque ... The complexity of the system makes it difficult to measure its cost or to assess the investment performance of the funded ...
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.9, p.20, see Appendix Fig. A2.2).
ما يقوله الناس - كتابة مراجعة
PublicPrivate Partnerships in Pillared Pension
Regional Responses Distilling Lessons from
Trends and Issues in Social
The Pension FundCapital Market Nexus
Population Aged 60 Years or Older
ILO Tiered Pensions Model
Changes in Coverage in Selected SSA Countries
Alternative Agendas for Least Developed Countries