The combined forces of population aging, weakening family and village risk-sharing networks, and low formal pension coverage will make financing elderly consumption a major challenge for the future. This study examines whether households in high-informality settings, where participation in pension schemes is rare, accumulate wealth over the life cycle and what mix of assets and liabilities composes that wealth. Pakistan is an ideal setting, with 88.5...
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DETAILS
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2022/07/07
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Policy Research Working Paper
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WPS10121
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1
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2022/07/07
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Disclosed
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Life Cycle Savings in a High-Informality Setting—Evidence from Pakistan
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Citation
Joubert,Clement Jean Edouard; Kanth,Devarakonda Priyanka.
Life Cycle Savings in a High-Informality Setting—Evidence from Pakistan (English). Policy Research working paper ; no. WPS 10121 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099335107072219949