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Pension Reform in India

Author

Listed:
  • Mr. Robert Gillingham
  • Mr. Daniel S Kanda

Abstract

This paper reviews the current state of the pension system in India, as well as plans to reform it. Problems with the current system are identified, and, within this context, the appropriate role of the government in retirement saving is discussed. Finally, the OASIS reform proposal is evaluated and additional reform options are presented.

Suggested Citation

  • Mr. Robert Gillingham & Mr. Daniel S Kanda, 2001. "Pension Reform in India," IMF Working Papers 2001/125, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2001/125
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    References listed on IDEAS

    as
    1. Peter Diamond, 1998. "The Economics of Social Security Reform," NBER Working Papers 6719, National Bureau of Economic Research, Inc.
    2. John B. Shoven, 2000. "Administrative Aspects of Investment-Based Social Security Reform," NBER Books, National Bureau of Economic Research, Inc, number shov00-1, March.
    3. Olivia S. Mitchell, 1998. "Administrative Costs in Public and Private Retirement Systems," NBER Chapters, in: Privatizing Social Security, pages 403-456, National Bureau of Economic Research, Inc.
    4. Simon, Julian L, 1990. "Great and Almost-Great Magnitudes in Economics," Journal of Economic Perspectives, American Economic Association, vol. 4(1), pages 149-156, Winter.
    5. John B. Shoven, 2000. "Introduction to "Administrative Aspects of Investment-Based Social Security Reform"," NBER Chapters, in: Administrative Aspects of Investment-Based Social Security Reform, pages 1-8, National Bureau of Economic Research, Inc.
    6. Mr. Alfredo Cuevas & Mr. George A Mackenzie & Mr. Philip R. Gerson, 1997. "Pension Regimes and Saving," IMF Occasional Papers 1997/006, International Monetary Fund.
    7. Martin Feldstein & Elena Ranguelova & Andrew Samwick, 2001. "The Transition to Investment-Based Social Security When Portfolio Returns and Capital Profitability Are Uncertain," NBER Chapters, in: Risk Aspects of Investment-Based Social Security Reform, pages 41-90, National Bureau of Economic Research, Inc.
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    Cited by:

    1. repec:pid:wpaper:2010:1 is not listed on IDEAS
    2. Willmore, Larry, 2007. "Universal Pensions for Developing Countries," World Development, Elsevier, vol. 35(1), pages 24-51, January.
    3. James Ang & Kunal Sen, 2011. "Private saving in India and Malaysia compared: the roles of financial liberalization and expected pension benefits," Empirical Economics, Springer, vol. 41(2), pages 247-267, October.
    4. Amjad, Rashid & Din, Musleh ud, 2010. "Economic and social impact of global financial crisis: implications for macroeconomic and development policies in South Asia," MPRA Paper 38150, University Library of Munich, Germany.
    5. Gupta Ramesh, 2002. "Pension Reforms in India: Myth, Reality and Policy Choices," IIMA Working Papers WP2002-09-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    6. Singh, Nirvikar & Srinivasan, T. N., 2004. "Fiscal Policy in India: Lessons and Priorities," Santa Cruz Department of Economics, Working Paper Series qt8nx3v467, Department of Economics, UC Santa Cruz.

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