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Can the State Engage in Self-Control? A Survey of Old-Age Security

In: Contemporary Economic Issues


  • Salvador Valdés-Prieto

    (Universidad Católica de Chile)


A major division of the literature on old-age security and the economics of pensions is between the economics of pensions and the economics of other forms of old-age security. Pensions are regular payments of money to the old, disabled and survivors. Non-pension sources of old-age security are intrafamily support, village-level institutions, charitable organizations, fertility and mortality; these are the mainstay of old-age security in the many developing countries where formal sector coverage is low.

Suggested Citation

  • Salvador Valdés-Prieto, 1998. "Can the State Engage in Self-Control? A Survey of Old-Age Security," International Economic Association Series, in: Holger C. Wolf (ed.), Contemporary Economic Issues, chapter 9, pages 170-210, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-26072-0_9
    DOI: 10.1007/978-1-349-26072-0_9

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