Inclusion of means testing into age pension programs allows governments to better direct benefits to those most in need and to control funding costs by providing flexibility to control the participation rate (extensive margin) and the benefit level (intensive margin). The former is aimed at...

Volume 1A: The global demography of aging : facts, explanations, future / D.E. Bloom, D.L. Luca -- Macroeconomics, aging, and growth / R. Lee -- Migration and the demographic shift / A. Zaiceva, K.F. Zimmerman -- Global demographic trends : consumption, saving, and international capital flows /...