New Ideas About Old Age Security Toward Sustainable Pension Systems in the 21st Century

At the beginning of the new century, it is clear that while individual social programs can improve people's welfare and reduce poverty, a more holistic approach is needed in order to lift more people in the developing world out of poverty. This Social Protection Strategy paper reflects this understanding and uses social risk management as an important conceptual framework for the World Bank's work in this sector. Social Protection Sector Strategy is the first World Bank Strategy Paper for the social protection sector, one of the World Bank's youngest sectors. This paper highlights the need to expand the definition of social protection to encompass all public interventions that help individuals, households, and communities to manage risk or provide support to the critically poor. It recommends that social protection programs be embedded in an integrated approach to poverty reduction based on a new framework for social risk management.Holzmann, Robert is the author of 'New Ideas About Old Age Security Toward Sustainable Pension Systems in the 21st Century' with ISBN 9780821348222 and ISBN 0821348221.