"Describes the evolution of the military's business empire and its decline after 1998. Examines what is necessary to bring the Indonesian military "on-budget": what policies are required, what Indonesia can learn from other nations, and what a realistic timetable looks like"--Provided by publisher

A generous PAYG defined benefit pension system can guarantee retirees to have comfortable life, but the state budget may not be sustainable when the population is ageing. On the other hand, a defined contribution pension system guarantees state budget sustainability, but making retirees’...

Without broad-based public pension schemes, the majority of the elderly in developing countries are left to rely on their own current and accumulated earnings and support from children as means of old-age support. We develop a cooperative bargaining model that allows us to jointly estimate the...