Private Enterprise and Financial Markets > Infrastructure and Financial Markets > Financial Markets
Workable Pension Systems: Reforms in the Caribbean
By Pietro Masci, P. Desmond Brunton (05/05, En, Es)
 | ISBN: 1-931003-777 IDB Bookstore |
Virtually all nations can expect to have a significant population of retired persons who will make a claim on the society's economic resources. This volume is geared to helping devise workable and efficient pension systems for the Caribbean countries. The requirements for reform are extremely complex and encompass political, policy, and technical issues. The chapters describe the status, analyze the challenges, and suggest solutions for Caribbean pension systems.
The book is structured in four sections. Section One focuses on pension systems and regulation in the English-speaking Caribbean and provides a theoretical discussion of pension reform in small emerging economies. Section Two enlarges the discussion by describing experiences in other countries that may provide helpful lessons for the Caribbean nations. The widespread use of reform approaches in Latin America provides a picture of mixed success as countries move away from the traditional pay-as-you-go system. Section Three addresses the strengths and weaknesses of the government and the private sector in development of effective pension systems. In addition, the section analyzes annuity products as a method for handling the distribution of income during retirement, and provides a detailed evaluation of reform proposals in the English-speaking countries of the Caribbean. Finally, Section Four offers a summary of the need for pension reform and the intricacies and challenges of making it a reality in the Caribbean.
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and Financial Markets Division
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Inter-American Development Bank
Last updated: 06/01/07
