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World Bank support for pensions and social security

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  • Dorfman, Mark
  • Palacios, Robert

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.

Suggested Citation

  • Dorfman, Mark & Palacios, Robert, 2012. "World Bank support for pensions and social security," Social Protection Discussion Papers and Notes 70925, The World Bank.
    • Handle: RePEc:wbk:hdnspu:70925
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    References listed on IDEAS

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    Cited by:

    1. Didier Mumpambala Luzolo, 2016. "Government intervention need for social security improvement in the Democratic Republic of the Congo: A theoretical analysis using the principal–agent model," WIDER Working Paper Series 165, World Institute for Development Economic Research (UNU-WIDER).
    2. Cristina Rosu, 2014. "Ibrd And Its Involvement In Modernising And Improving The Functionality Of Pension Systems," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 20.
    3. Didier Mumpambala Luzolo, 2016. "Government intervention need for social security improvement in the Democratic Republic of the Congo: A theoretical analysis using the principal-agent model," WIDER Working Paper Series wp-2016-165, World Institute for Development Economic Research (UNU-WIDER).
    4. Sarker, Indranil & Datta, Bidisha, 2022. "Re-designing the pension business processes for achieving technology-driven reforms through blockchain adoption: A proposed architecture," Technological Forecasting and Social Change, Elsevier, vol. 174(C).

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    More about this item

    Keywords

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