Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth (World Bank Policy Research Reports)

by WorldBank (Author)

• Used

  Paperback
  1994

  $7.77

  This policy-oriented book identifies the issues countries should consideras they reevaluate their old income security policies and formulate new methods. The choice between the various models for providing old-age security has broad implications for the operation of labour and capital markets, the fiscal system, and the level, growth, and distribution of GNP. The author firmly establishes her hypothesis that a system build on several pillars is prefereable to any singel method for providing old-age security. A mixed stragety is the best way to accomplish many goals with minimum costs, including evasionary , distortionary, and uncertainty costs. The author evaluatiosn the impact of different mixes on the distribution costs and benefits and the problems faced when switching methjods, The author also outlines a forthcoming book which will analyse specific features of each system.