New ideas about old age security : Toward sustainable pension systems in the 21st century

In 1994, Averting the Old Age Crisis emphasized the impact of pension reform on both the welfare of the elderly and economic growth. Six years later, New Ideas about Old Age Security examines the implementation of the "multipillar" approach advocated by the World Bank. It focuses on the nature of a mandatory savings pillar and addresses such technical topics as coverage, distributive effects, administrative costs, and annuitization. Written for practitioners and researchers around the world, this book provides access to new thinking on pension reform. It makes fascinating reading for those concerned about their own old age security, and, given the importance of pension reform to poverty alleviation and economic performance, it is essential reading for the broader development community.