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8/25/2006: Pension Challenges in an Aging World (Finance & Development, International Monetary Fund)
Excerpt: Pensions are high on the policy agenda in many developed countries and, increasingly, in developing countries also. This reflects the challenges that demographic changes are creating for pension systems, whether pay-as-you-go (PAYG) or funded. The broad directions of that demographic change are common, but the precise nature of the pension policy challenge in each country reflects two uncommon factors[.]
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