Pensions at a Glance
By Banque Interaméricaine de Développement, La Banque Mondiale. 2009
638 citations recorded by the source corpus.
The report analyses the retirement income systems of 18 Asian countries, including Australia, China, India, Indonesia, Pakistan, the Philippines and Vietnam. It says that reform is needed because: coverage of formal pension systems is relatively low; withdrawal of savings before retirement is very common; pension savings are often taken as lump sums and often do not provide people with adequate income over their lifetime; pensions payments are not automatically adjusted to reflect changes in the cost of living. In OECD countries, an average of 70% of the working-age population are eligible for a pension. However in South Asia, just 7.5% of the working-age population are eligible and in East Asia 18%. Furthermore, few countries in Asia/Pacific have social pensions to provide safety-net retirement incomes for people who are not members of formal schemes. Only in India are social pensions significant, with around 10 to 15% of older people covered.
Subfields: Accounting, Demography, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/7f4a8a67fa470d4196ce690a1f45c2ea0af5ea53
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Citations in the corpus
- The Biological Records Centre: a pioneer of citizen science (2015, background): “…currently, leisure time and travel (assessed as number of leisure trips per year) are decreasing (OECD, 2009; Morris et al., 2014), while retirement age is increasing and healthy years of retirement are increasing more slowly than life expectancy (OECD, 2011; Office for National Statistics, 2012).”
- A long goodbye to Bismarck? The politics of welfare reform in Continental Europe (2008, positive): “Even though the statutory pension system guarantees about 80 percent of the average income earned over a 45 years period, a high replacement rate in comparative perspective (OECD 2007), it is clear that future pensions can no longer guarantee status preservation for people with atypical work careers”