This paper proposes a new interpretation of the historically controversial role of Italian latifundia. Relying on standard economic theory, the paper explores a simple though neglected mechanism linking land inequality and inefficiency: market power. In underdeveloped economies with serious...

This paper examines how uncertainty regarding future mortality and life expectancy outcomes, i.e. longevity risk, affects employer-provided defined benefit (DB) private pension plans liabilities. The paper argues that to assess uncertainty and associated risks adequately, a stochastic approach...

This paper discusses why the development of pension systems is important for the African region. It also looks at the current pension arrangements in selected African countries. The paper was designed as an overview/background document to provide context and assist discussion at the OECD/IOPS...