Outlook
18/04/2011
In overall terms, the world's developed countries and developing countries are moving towards pension solutions that are relatively convergent from the technical point of view, because they use three-pillar structures.
The organization of these pillars and the interaction between them are the subject of political debate within each country.
The fact remains that in the developed world, and particularly in Europe, the main challenge is whether - or not - to maintain a high level of service provision, whilst emerging countries are more concerned with answering the question of how extensively they should increase the coverage of social support. Both processes are taking place against the background of the same debate: what proportion of created wealth can we, and should we, devote to looking after people in retirement?
