| Autor institucional : | Banco Mundial |
| Autor/Autores: | John Giles, Clément Joubert, Tomoaki Tanaka |
| Fecha de publicación: | 2025-04-17 |
| Alcance geográfico: | Interregional |
| Publicado en: | Estados Unidos |
| Descargar: | Descargar PDF |
| Resumen: | Low- and middle-income countries are aging rapidly but stagnation of growth in participation in pension programs, due to widespread informal employment, presents a major f iscal challenge. Some claim that improving the design of pension program rules can encourage more pension contributions, while others push for universal non-contributory pensions. This paper reviews the recent academic literature on the determinants of active participation in pension systems in high- informality settings. An emerging body of evidence shows that participation responds significantly to financial incentives as well as nonfinancial obstacles. |
