Beyond mandatory privatization: pensions policy options for developing countries

Roger Charlton and Roddy McKinnon
Additional contact information
Roger Charlton: Department of Social Sciences, Glasgow Caledonian University, UK, Postal: Department of Social Sciences, Glasgow Caledonian University, UK
Roddy McKinnon: Department of Risk and Financial Services, Glasgow Caledonian University, UK, Postal: Department of Risk and Financial Services, Glasgow Caledonian University, UK

Journal of International Development, 2000, vol. 12, issue 4, 483-494

Abstract: Consideration of the social welfare, financial system and institutional implications for DCs of the current, World Bank-led, trend towards systemic old-age pension reforms based on an expanded role for mandatory private provision indicates the desirability of reform alternatives. The wider policy lessons which DCs can take from the experiences of systemic pension reforms already enacted in developing and transition economies are found to be, at best, ambiguous and, at worst, problematic. Alternative policy proposals for DC and transition economy governments considering implementing mandatory defined contribution pension funds within parameters set largely by the Bank's 'agenda' are suggested. These envisage the retention of state provision as their primary element in order to ensure that pension systems continue to pursue their essential welfare functions. Finally, policy recommendations designed to secure universality in retirement provision on a social assistance basis are presented for those LDCs currently outwith the parameters of the systemic pension reform debate. Copyright © 2000 John Wiley & Sons, Ltd.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:12:y:2000:i:4:p:483-494

DOI: 10.1002/1099-1328(200005)12:4<483::AID-JID685>3.0.CO;2-N

Access Statistics for this article

Journal of International Development is currently edited by Paul Mosley and Hazel Johnson

More articles in Journal of International Development from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().