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World Bank support for pensions and social security

Author

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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 and Labor Policy and Technical Notes 70925, The World Bank.
  • Handle: RePEc:wbk:hdnspu:70925
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    References listed on IDEAS

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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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