The Economic Foundations of Public Pensions
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Abstract
Since the Second World War, public pension plans have played an increasingly important role in providing retirement income for older people in most industrial societies. The leading factor that led to the development of public pension systems is the failure of private inter‐generational and inter‐temporal transfers to make adequate provision for old age.
Citation
Nektarios, M. (1984), "The Economic Foundations of Public Pensions", International Journal of Social Economics, Vol. 11 No. 1/2, pp. 31-40. https://doi.org/10.1108/eb013955
Publisher
:MCB UP Ltd
Copyright © 1984, MCB UP Limited