The Economic Foundations of Public Pensions

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