The Economics of Private Pensions

Focus on Capital: New Approaches to Developing Latin American Capital Markets

“…pelled to evaluate the sufficiency of their pension resources. In the United States, the demand for private pension plans first occurred when families could not meet the needs of older people who had suddenly fallen into poverty during the Great Depression (Munnell 1982). Beginning in the 1970s, an aging population coupled with de creasing birth rates strained the social security system, and the demand for private pension investments increased.…”