Improving Pension System Coverage: Understanding & Meeting Needs

13-Aug-2012    This paper published by the Organization for Economic Co-operation and Development (OECD) looks at how a national system of long-term pension provision might be rendered more effective at expanding coverage amongst low-income people.

As many of those living in developing countries survive on low income, the systems implemented by policymakers in these countries must pay special attention to the needs, behaviour and aspirations of these people, interrogating even the assumption of a conventional lifecycle, the childhood-education-working-retirement model that appears to dominate policy thought but may not reflect reality for the poor. This note therefore lays special emphasis on the so-called informal arrangements utilised by lower income working age individuals for long-term saving, asking whether and how policymakers might render these more effective.


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