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World Bank support for pensions and social security

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  • Dorfman, Mark
  • Palacios, Robert
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    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.

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    File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2012/07/13/000333038_20120713020416/Rendered/PDF/709250NWP0P12600Box370060B00PUBLIC0.pdf
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    Bibliographic Info

    Paper provided by The World Bank in its series Social Protection Discussion Papers with number 70925.

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    Date of creation: 01 Mar 2012
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    Handle: RePEc:wbk:hdnspu:70925

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    Related research

    Keywords: Safety Nets and Transfers; Pensions&Retirement Systems; Emerging Markets; Debt Markets; Banks&Banking Reform;

    This paper has been announced in the following NEP Reports:

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    1. Robalino, David A. & Rawlings, Laura & Walker, Ian, 2012. "Building social protection and labor systems : concepts and operational implications," Social Protection Discussion Papers 67608, The World Bank.
    2. Werding, Martin & McLennan, Stuart, 2011. "International portability of health-cost coverage : concepts and experience," Social Protection Discussion Papers 63929, The World Bank.
    3. Andrews, Colin & Galliano, Elena & Turk, Carolyn & Zampaglione, Giuseppe, 2011. "Social safety nets in fragile states : a community-based school feeding program in Togo," Social Protection Discussion Papers 64631, The World Bank.
    4. Blattman, Christopher & Fiala, Nathan & Martinez, Sebastian, 2011. "Employment generation in rural Africa : mid-term results from an experimental evaluation of the Youth Opportunities Program in Northern Uganda," Social Protection Discussion Papers 66523, The World Bank.
    5. Holzmann, Robert, 2012. "Global Pension Systems and Their Reform: Worldwide Drivers, Trends, and Challenges," IZA Discussion Papers 6800, Institute for the Study of Labor (IZA).
    6. Holzmann, Robert & Koettl, Johannes, 2011. "Portability of Pension, Health, and Other Social Benefits: Facts, Concepts, Issues," IZA Discussion Papers 5715, Institute for the Study of Labor (IZA).
    7. Angel-Urdinola, Diego F. & Tanabe, Kimie, 2012. "Micro-determinants of informal employment in the Middle East and North Africa region," Social Protection Discussion Papers 66594, The World Bank.
    8. Kuriakose, Anne T. & Heltberg, Rasmus & Heltberg, Rasmus & Wiseman, William & Costella, Cecilia & Cipryk, Rachel & Cornelius, Sabine, 2012. "Climate responsive social protection," Social Protection Discussion Papers 67614, The World Bank.
    9. Andrews, Colin & Ovadiya, Mirey & Ribes Ros, Christophe & Wodon, Quentin, 2012. "Cash for work in Sierra Leone : a case study on the design and implementation of a safety net in response to a crisis," Social Protection Discussion Papers 73719, The World Bank.
    10. Mitra, Sophie & Posarac, Aleksandra & Vick, Brandon, 2011. "Disability and poverty in developing countries : a snapshot from the world health survey," Social Protection Discussion Papers 62564, The World Bank.
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