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Old age income support in the 21st century : an international perspective on pension systems and reform : Old age income support in the 21st century: an international perspective on pension systems and reform (English)

The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.


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    Hinz,Richard Paul, Holzmann,Robert

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    The World Region,

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    Old age income support in the 21st century: an international perspective on pension systems and reform

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    pension reform;pension system;access to health care;institution need;early stage of development;political economy of reform;economic and social policy;social risk management framework;Massachusetts Institute of Technology;Acquired Immune Deficiency Syndrome;international trade union movement;rates of return;multipillar pension system;implicit pension debt;types of asset;personal pension plan;flow of data;financial market development;process of reform;informal sector worker;voluntary pension scheme;national tax authority;financial sector development;asset management services;financial sector reform;financial market regulation;financial market environment;flow of fund;Human Immunodeficiency Virus;local capacity building;regulation and supervision;social assistance program;risk of poverty;population at large;voluntary retirement saving;growth and development;commitment of resource;formal labor market;economies of scale;funded pension systems;domestic financial market;capacity of society;degree of variation;capacity of individual;flow of money;social security institutions;old-age income security;Labor Market Flexibility;sources of pension;national saving rate;asset management fees;contribution rate;social pension;replacement rate;defined benefit;financial sustainability;financial asset;poverty alleviation;Fiscal Sustainability;lending activities;consumption smoothing;funded scheme;Learning and Innovation Credit;administrative capacity;budgetary resource;survivor pension;funded systems;budgetary transfer;effective approach;old-age pension;vulnerable group;voluntary saving;administrative cost;tax treatment;public intervention;aging population;advance funding;socioeconomic change;savings account;path dependency;fiscal pressure;low-income group;supervisory system;investment process;financial projection;pension saving;positive externality;long-term commitment;investment fund;mandatory fund;financial instrument;social program;pension contribution;financing capacity;reform policy;fiscal burden;regulatory institution;fiscal consequence;individual market;sustainable system;private saving;personal accountability;private institution;reasonable assumption;foreign asset;political volatility;pension benefit;transaction cost;developmental outcomes;transition period;budget subsidy;Macroeconomic Stability;positive impact;lower-income worker;effective regulatory;investment practice;pension coverage;credible commitment;political condition;civil society;tax system;reference point;welfare improvement;fiscal adjustment;core principle;International Public;tax credit;fiscal constraint;explicit debt;accession country;maastricht criteria;public program;lifetime consumption;pay-as-you-go system;political opposition;applicable law;legislation stipulating;coalition building;mandatory pillar;fiscal resource;Transition economies;political opportunity;mutual fund;open economy;supervisory capacity;political science;investment portfolio;developmental effects;reform process;subsequent phase;private provision;long-term projection;national system;sensitivity analysis;retirement age;reformed system;opinion poll;focus group;legislative proposal;minimum pension;pension debate;political support;transition economy;tax authorities;long-term sustainability;investment return;political pressure;decentralized system;empirical evidence;Investment strategies;primary determinant;high-income group;personal identification;regional experience;adjustment loan;financial system;budget resource;transparent manner;disability pension;gender discrimination;labor mobility;supplementary scheme;funded basis;pension issue;general revenues;public pension;financial reserve;informal support;income support;retirement system;eligibility criterion;rural population;poverty relief;public support;analytical method;record keeping;client information;pillar framework;external expertise;data gathering;pension work;catholic university;private management;defined contributions;consumption level;basic pillar



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Hinz,Richard Paul Holzmann,Robert

Old age income support in the 21st century : an international perspective on pension systems and reform : Old age income support in the 21st century: an international perspective on pension systems and reform (English). Washington, D.C. : World Bank Group.