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Social needs and the roles of governments and markets: The case of retirement pensions

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  • Théopiste Butare

Abstract

The present paper examines the role of the State and the market in meeting social needs, with particular emphasis on retirement pensions. The argument proposed is based primarily on an analysis of recently observed ideological developments as well as of the results of various empirical studies conducted on the topic. A review of several theories and current debates on the issue constitutes the introductory part of the analysis. This is followed by a discussion of retirement pensions and the shortcomings of governments in this domain and by a review of the evidence obtained on the interaction between retirement pensions, investment and growth. Data and calculations relating to several developed and developing countries are presented as an illustration of the State’s responsibility for social needs. The conclusion presents some reflections based on empirical evidence and a synthesis of insights obtained in this study.

Suggested Citation

  • Théopiste Butare, 1998. "Social needs and the roles of governments and markets: The case of retirement pensions," International Social Security Review, John Wiley & Sons, vol. 51(3), pages 37-62.
  • Handle: RePEc:wly:intssr:v:51:y:1998:i:3:p:37-62
    DOI: 10.1111/1468-246X.00016
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    Cited by:

    1. Caminada, Koen & Goudswaard, Kees, 2005. "Budgetary costs of tax facilities for pension savings: an empirical analysis," MPRA Paper 20735, University Library of Munich, Germany.
    2. Koen Caminada & Kees Goudswaard, 2008. "Revenue Effects of Tax Facilities for Pension Savings," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 36(2), pages 233-246, June.

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