Download or read book Income Security for Old Age written by Estelle James and published by World Bank Publications. This book was released on 1992 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: A system for old-age security should probably combine different approaches: mandated savings and annuities; a redistribution of income to old people who did not earn enough when they were young to build an adequate cushion of savings; fiscal incentives for nonmandatory savings and annuities (including tax incentives for job-based pension plans); and an informal system of purely voluntary personal savings and family arrangements.