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Origins of the World Bank's approach to old age security


Wodsak, Veronika

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Corporate Editor Universität Bielefeld, Fak. für Soziologie, Institut für Weltgesellschaft
Abstract "Demographic change, the maturing of pay-as-you-go systems, economic recession, and mismanagement amongst other factors have contributed to a growing interest in pension reforms over the past two decades. The World Bank has been a particularly visible actor in the discussion of pension reforms. Its 1994 publication of “Averting the Old Age Crisis”, marked a watershed for the Bank’s work on pensions and received considerable attention from academics and practitioners in developed and developing countries alike. The report has been criticised as contributing to the Bank’s efforts of neoliberal paradigm maintenance. This paper takes a closer look at the production of the report: why did the World Bank pick up the issue of pension reform in the first place? How did the decision to do a flagship report on pensions come about? How was the approach articulated in “Averting the Old Age Crisis” developed? Dynamics within the bank, the role of prominent staff as well as the external environment of the World Bank will be analyzed to draw a more differentiated picture when answer these questions." [author's abstract]
Keywords reform; pension insurance; World Bank; pension; population development; social policy; provision for old age
Classification Social Security; Basic Research, General Concepts and History of Social Policy
Document language English
Publication Year 2006
City Bielefeld
Page/Pages 19 p.
Series SocialWorld - Working Paper, 12a
Status Published Version
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne