Averting the Old Age Crisis

Averting the Old Age Crisis : Policies to Protect the Old and Promote Growth

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This policy-oriented book identifies the issues countries should consideras they reevaluate their old income security policies and formulate new methods. The choice between the various models for providing old-age security has broad implications for the operation of labour and capital markets, the fiscal system, and the level, growth, and distribution of GNP. The author firmly establishes her hypothesis that a system build on several pillars is prefereable to any singel method for providing old-age security. A mixed stragety is the best way to accomplish many goals with minimum costs, including evasionary , distortionary, and uncertainty costs. The author evaluatiosn the impact of different mixes on the distribution costs and benefits and the problems faced when switching methjods, The author also outlines a forthcoming book which will analyse specific features of each system.show more

Product details

  • Paperback | 426 pages
  • 190.5 x 233.68 x 20.32mm | 1,065.94g
  • Oxford University Press Inc
  • New York, United States
  • English
  • 0195209966
  • 9780195209969

Review quote

"This is a comprehensive examination of pension schemes across the world, and is the outcome of extensive research by a team from the World Bank. It should be read by anyone who plans to retire within the next 50 years."--Journal of Public Health Medecine"The argument is convincing. By taking a global perspective, the report asks the right questions....The authors combine relevant theory and abundant empirical evidence to fashion sensible answers to this looming crisis."--Choiceshow more

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