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A sustainable and scalable approach in Indian pension reform

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  • Ajay Shah

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Abstract

India is making sound progress on poverty elimination for those who can work. Poverty amongst the elderly will then become the dominant form of poverty in India, since the elderly do not work and thus do not benefit from higher wages. Simple dole solutions will not work. The only solution is a sustainable, scalable pension system. India is at a remarkable point in its demographic transition. In the period from 2005 to 2030, a substantial decline in the dependency ratio is expected, with a large number of people coming into their working years. This constitutes a historic opportunity to create a pension system in time for these cohorts, who can be empowered to enjoy decades of life in their elderly years using personal control of pension assets.

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Bibliographic Info

Paper provided by eSocialSciences in its series Working Papers with number id:237.

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Date of creation: Nov 2005
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Handle: RePEc:ess:wpaper:id:237

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Related research

Keywords: pension reforms; poverty elimination; demographic transition; poverty among the elderly; dependency ratio; scalable pension systems; economics;

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Cited by:
  1. Shah, Ajay, 2008. "New issues in Indian macro policy," Working Papers 08/51, National Institute of Public Finance and Policy.

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