Publication: World Bank Support for Pensions and Social Security
Date
2012-03
ISSN
Published
2012-03
Author(s)
Dorfman, Mark
Palacios, Robert
Abstract
Pension and social insurance programs
that prevent a substantial loss in consumption resulting
from old age, disability, or death are an integral part of
any social protection system. The dual objectives of such
programs are to allow for the prevention of a sharp decline
in income when these life-cycle events take place and
protection against poverty in old age. This background paper
reviews the World Bank's conceptual framework for the
analysis of pension programs and defines the major
challenges facing low and middle income countries, namely,
coverage, adequacy and sustainability. The paper proposes a
broad, forward-looking strategy to help address these challenges.
Citation
“Dorfman, Mark; Palacios, Robert. 2012. World Bank Support for Pensions and Social Security. Social Protection and Labor Discussion Paper;No. 1208. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/ad0984f4-292c-57ea-a7b4-d1bebdf9d2dc License: CC BY 3.0 IGO.”