Pension systems may have a different impact on gender because women are less likely than men to work in formal labor markets and earn lower wages when they do. Recent multipillar pension reforms tighten the link between payroll contributions and benefits, leading critics to argue that they will...

The pension reforms being undertaken in Latin America seem to be improving efficiency and growth, but they should also be designed to improve equity. It is possible for pension reform to improve both equity and efficiency - producing a win-win situation rather than a tradeoff.In the past decade,...

Initial empirical investigations suggest that countries concerned about growth should consider pension reform a potentially powerful tool for improving the welfare of both old and young.James summarizes the major findings and recommendations in Averting the Old Age Crisis, describing problems in...