Pension Reform and Capital market Development: “Feasibility” and “Impact” Preconditions
Oct 31, 2000
| D. Vittas | The World Bank
The link between pension reform and capital market development has become a perennial question that is raised every time the potential benefits and preconditions of pension reform are discussed. The author asks two questions: i) what are the basic "feasibility" pre-conditions for the successful launch of a pension reform program?; and ii) what are the necessary "impact" pre-conditions for the realization of the potential benefits of funded pension plans for capital market development?