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Rethinking Pension Reform: Ten Myths About Social Security Systems
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Peter R. Orszag,
Joseph E. Stiglitz,
The World Bank,
9/14/1999
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The problems that have motivated pension reform across the globe are real, and reforms are needed. In principle, the approach delineated in Averting the Old Age Crisis is expansive enough to reflect any potential combination of policy responses to the pension reform challenge. But in practice, the "World Bank model" has been interpreted as involving one specific constellation of pension pillars: a publicly managed, pay-as-you-
go, defined benefit pillar; a privately managed, mandatory, defined contribution pillar; and a voluntary private pillar. It is precisely the private, mandatory, defined contribution component that we wish to explore in this paper.
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Link to Paper
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Pages: 48
Price: Free
Ordering Information:
The World Bank
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