World Bank's Averting the old age crisis: policies to protect the old and PDF

By World Bank

This policy-oriented e-book identifies the problems nations may still think about as they reevaluate their outdated source of revenue safety regulations and formulate new equipment. the alternative among some of the versions for offering old-age safeguard has wide implications for the operation of work and capital markets, the economic method, and the extent, development, and distribution of GNP. the writer concludes combined method is better than any unmarried approach to source of revenue safeguard. this may be a huge e-book for foreign economists and policymakers.

Show description

Read or Download Averting the old age crisis: policies to protect the old and promote growth. Summary PDF

Best personal finance books

Download e-book for kindle: You and Your Money: A No-Stress Guide to Becoming by Lois A. Vitt

“With over 70% of yankee staff residing paycheck to paycheck, uncomplicated cash administration abilities are wanted desperately. it is a masterful paintings that courses us to find our personal funds dysfunctions and takes us on a trip to fit monetary behaviors. ”        –Sally Hass, worker merits existence making plans supervisor, Weyerhaeuser corporation   “This publication combines reliable wisdom of societal tendencies in own finance with assistance on how you can strengthen a feeling of function approximately cash and get financially healthy for a life-time.

Get Social Security Reform in Advanced Countries: Evaluating PDF

More and more getting old populations and a slowing fee of progress within the macroeconomy are forcing complicated nations to re-examine their social defense programmes. the necessity for targeted exam of the prospective reforms and tasks hasn't ever been better. This booklet brings jointly internationally-renowned students to judge the influence of contemporary social protection reforms in complex nations (pension programmes specifically) and to signify coverage reforms for the longer term.

Download e-book for iPad: Life After Debt: Free Yourself from the Burden of Money by Bob Hammond

Are you bored with being became down for credits as a result of unfavourable details on your records? you can now research the secrets and techniques utilized by execs to erase low credit out of your records and begin over. this entire consultant used to be written to fulfill the wishes of everybody, together with girls, minorities, divorced humans, army households and people contemplating financial disaster.

Download PDF by Joe Vitale: The Awakened Millionaire: A Manifesto for the Spiritual

Radical formulation transforms your funds and religious development into worldwide swap The woke up Millionaire is a realistic manifesto guiding you to new dimensions of private wealth, religious progress, and for this reason, international transformation. Crafted by means of Dr. Joe Vitale, a famed millionaire, best-selling writer, and big name of the blockbuster motion picture "The Secret," you will discover a arguable formulation that accomplishes what few think attainable: combining funds and spirituality jointly to carry you extra of either, whereas remodeling you right into a strength for stable in a global that desperately wishes it.

Additional resources for Averting the old age crisis: policies to protect the old and promote growth. Summary

Sample text

Myth 4: Only governments can insure pensioners against group risks, such as inflation, and most do so. Fact: Most developing countries do not index pension benefits for inflation in their publicly managed old age programs. And most OECD countries have skipped some cost-of-living adjustments during the past decade. Failing to index for inflation is the most common method governments use to reduce real benefit levels and escape from unsustainable benefit promises. In countries prone to inflation, the best insurance would be international diversification of pension fund investmentswhich is more likely when investment decisions are made by private managers rather than government.

The high public spending implied by earnings-related schemes adds to the government's fiscal burden and may prevent spending on other important public goods. Such schemes are complicated and lead to strategic manipulation and political pressures for unrealistic pension promises and early retirement opportunities that mainly benefit privileged groups. Even when earnings-related benefit formulas appear to be progressive, careful empirical studies show they are not. Often the rich get larget transfers than the poor.

Fact: Even if benefit formulas look progressive, four factors neutralize most of the progressive effect. The first people to be covered when new plans are started are invariably middle- and upper-income groups, and they typically receive large transfers. The longer life expectancy of the rich severely reduces or eliminates the apparent progressivity of social security programs when redistribution is calculated on a lifetime rather than an annual basis. Ceilings on taxable earnings keep the lid on tax differences between rich and poor.

Download PDF sample

Rated 4.65 of 5 – based on 43 votes