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Alternative Pension Systems: Generalities and Reform Issues in Transition Economies

In: Collected Works of Domenico Mario Nuti, Volume II

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  • Domenico Mario Nuti

    (University of Rome)

Abstract

Private provision for the needs of the elderly takes two forms: (1) intra-family solidarity, whereby children look after their parents and any other old family members, effectively representing a form of insurance, and (2) individual savings and dissavings over the life cycle, involving life insurance, annuities, as well as any other assets, including saving and pension schemes which may be set up voluntarily by employers and regulated by contract, with contributions which are a form of deferred earnings.

Suggested Citation

  • Domenico Mario Nuti, 2023. "Alternative Pension Systems: Generalities and Reform Issues in Transition Economies," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume II, chapter 11, pages 193-210, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-031-23167-4_11
    DOI: 10.1007/978-3-031-23167-4_11
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