Designing Pension Program to Strengthen Formal Labor Market in Developing Countries
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Designing Pension Program to Strengthen Formal Labor Market in Developing Countries

Designing Pension Program to Strengthen Formal Labor Market in Developing Countries


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About the Book

The basic set up of the pension system suggested in this book is multidimensional: a short run consumption tax policy to finance a defined benefit plan to support minimum physical needs of the older population, a medium run labor income tax policy to finance individuals defined contribution fully funded savings plan, and a long run skilled labor creation through university education so that individuals are able to self-finance their own pension savings through the fully funded savings plan. The defined benefit plan is important because it serves as a redistribution tool, while the defined contri-bution plan serves as a savings tool. In addition, the skilled labor creation serves as a supporting tool so that the pension program can be sustained in the long run.


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Product Details
  • ISBN-13: 9783836483537
  • Publisher: VDM Verlag Dr. Mueller e.K.
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 258 gr
  • ISBN-10: 383648353X
  • Publisher Date: 03 Apr 2008
  • Height: 229 mm
  • No of Pages: 148
  • Spine Width: 8 mm
  • Width: 152 mm


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Designing Pension Program to Strengthen Formal Labor Market in Developing Countries
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