The National Social Assistance Program (NSAP) was launched in 1995 with the objective of supporting minimum needs of poor, below boverty line households. Currently, the scheme comprises of: a) Indira Gandhi National Old Age Pension Scheme (IGNOAPS), b) Indira Gandhi National Widow Pension Scheme...

"Social security subsidies in Korea were introduced in 2012 to reduce the coverage gap in social security. Despite the large fiscal cost, however, the subsidies have only a small effect on the social security coverage: For every 1,000 workers and their employers who are subsidized under the...

The fiscal sustainability of state pensions is a central concern of policymakers in nearly every advanced economy. Policymakers have attempted to ensure the sustainability of these programs in recent decades by raising retirement ages. However, there are concerns that keeping older workers in...