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Ageing in India: Need for Universal Pension Scheme

Year: 2015

Type: preprint

Abstract: India has low pension coverage, and the pension system is unable to fulfill its purpose. A non-contributory, basic pension can guarantee a regular income in old age to all residents of the country, regardless of earning or occupation. The feasibility of introducing such a pension in India is explored in this paper. It is argued that a properly crafted universal pension scheme will increase the coverage of pension without putting stress on the fisc.

Source: SSRN Electronic Journal

Authors: Charan Singh, Kanchan Bharati, Ayanendu Sanyal

Institution: Indian Institute of Management Bangalore

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, No poverty

Open Access status: green

OpenAlex ID: W409046972

Cites: 3

Cited by: 12

Related to: 10