Universal Pensions in Low Income Countries

Willmore, Larry

doi:10.2139/ssrn.381180

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Universal Pensions in Low Income Countries

Initiative for Policy Dialogue, Pensions and Social Insurance Section, Discussion Paper No. IPD-01-05

23 Pages Posted: 14 Apr 2003

See all articles by Larry Willmore

Larry Willmore

International Institute for Applied Systems Analysis

Date Written: October 2004

Abstract

Few residents of developing countries have access to pensions in old age. Well-intentioned reformers have concentrated on privatisation of public pensions and creation of individual accounts, but this does nothing to expand coverage. It is possible for a non-contributory, flat pension to automatically protect an entire population, in a way that contributory, earnings-related pensions never can. This paper explores the feasibility of introducing such a 'citizen's pension' in low-income countries.

Keywords: social security, pension reform

JEL Classification: H55

Suggested Citation: Suggested Citation

Willmore, Larry, Universal Pensions in Low Income Countries (October 2004). Initiative for Policy Dialogue, Pensions and Social Insurance Section, Discussion Paper No. IPD-01-05, Available at SSRN: https://ssrn.com/abstract=381180 or http://dx.doi.org/10.2139/ssrn.381180