This article provides policymakers with context for understanding past and future policy discussions regarding Social Security widow benefits. Using data from surveys, projections from a microsimulation model, and recent research, it examines three types of benefits—those for aged widows,...

Whether social transfers should be targeted or universal is an unsolved debate that is particularly relevant for the implementation of social protection schemes in developing countries. While the limited availability of public resources encourages targeting, the difficulty in identifying the...

For more than 25 years, the Social Security Trust Fund has been projected to run out of money in 2033 (give or take a few years), potentially causing benefits to be severely reduced in the absence of corrective legislative action. Today (February 2024), projections are made by the Social...

Colombia is one of the most unequal countries in Latin America. The high level of informality in the labour market and many characteristics of the pension system leave many elderly in poverty. Only formal-sector employees earning more than the relatively high minimum wage are covered. Linking...

Anfang diesen Jahres wurden die Ergebnisse der Studie "Altersvorsorge in Deutschland 1996 (AVID '96)" veröffentlicht. Diese Studie beschreibt die zukünftige Alterseinkommenssituation der heute noch erwerbstätigen Bevölkerung. Zentraler Bestandteil ist die Schätzung der zukünftigen weiteren...

The principal objective of this paper is to discuss shortcomings of the current paradigm of provision of the retirement income. The main conclusion is that in post-industrial society the traditional pension system, a mandatory and comprehensive earnings related scheme, should be replaced by a...

Earlier this year the results of the study ”old-age security in Germany 1996 (AVID 96)“ have been published. This study describes the future age-income-situation of the currently employed population. An essential element is the estimation of future individual working-biographies. This...

We show that the introduction of a non-contributory pension program (Pension 65) in Peru had remarkably different effects for its three main ethnic groups, i.e., Mestizo, Quechua, and Aymara. The Aymara beneficiaries of the program have experienced larger increases in health and life...

Retirement planning has been existing for over decades but the drastic rise of the aging population over the past 10 years has led to a dramatic increase in awareness of the negative impacts of a lack of retirement planning. It has put a strain on governments in many countries around the world...