Kristian Niemietz
The World Bank’s ‘Averting the Old- Age Crisis’ revisited, 32 years on: Have we learned the lessons?
ABSTRACT This paper revisits the World Bank’s landmark report Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth from 1994, and uses it as a benchmark to judge the OECD’s pension systems of today. Averting the Old Age Crisis recommended a three-pillar system in which fully prefunded pillars, based on […]
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