Fiscal sustainability of the pension system, coverage, and benefit adequacy in comparative perspective.
Pension spending represents the main component of national public expenditure, exceeding 10% of GDP. The system’s high coverage—a result of successive moratoria—coexists with benefit levels that, in many cases, fall below the poverty line.
Industrialization is not a luxury but a necessity for developing economies.
Fiscal sustainability of the pension system, coverage, and benefit adequacy in comparative perspective.
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