Averting the old age crisis policies to protect the old and promote growth english abstract systems providing financial security for the old are under increasing strain throughout the world rapid demographic transitions caused by rising life expectancy and declining fertility mean that the proportion of old to young is growing rapidly. Averting the old aye crisis policies to protect the old and promote growth is the third in a series of major policy research reports in contrast to its predecessors the east asian miracle and a4justment in africa does not concentrate on a specific region but rather focuses on the topic of income security for old age. Averting the old age crisis policies to protect the old and promote growth published by washington dc main theme major labor social protection physical description book xiii 402 p a world bank policy research policy publication date 1994 it identifies three functions of old age financial security programs . This policy oriented book identifies the issues countries should consider as they reevaluate their old income security policies and formulate new methods the choice between the various models for providing old age security has broad implications for the operation of labor and capital markets the fiscal system and the level growth and distribution of gnp. Read the full text online edition of averting the old age crisis policies to protect the old and promote growth 1994 governments preparing to establish formal systems risk repeating expensive mistakes the result is a looming old age crisis that threatens not only the old but also their children and grandchildren who must shoulder
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