The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of...

All individuals need to decide how much to save during their working years, how much to spend during retirement, and the asset allocation of their portfolio in both periods. A portfolio's exposure to stocks and bonds affects key variables, such as the probability of portfolio failure, the degree...

Social pensions - non-contributory provisions for old age, mostly means-tested have mushroomed in the global South since the 1990s, and have also been advocated by international organizations. Using the data base FLOORCASH constructed by the authors and their research team, they cover all...