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Can the Nation Afford Pensions?
Author(s) -
Vinson Lord
Publication year - 1994
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1994.tb00236.x
Subject(s) - welfarism , pension , economics , state (computer science) , public economics , actuarial science , business , finance , welfare , market economy , computer science , algorithm
Demography‐the worsening ratio of the economically active to inactive‐will make pensions in their present form unsustainable. Welfarism in the form of universal state pension provision for all can only wither‐any individual wishing to do better than his neighbour will have to rely on his own savings.