Robert J. Palacios

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The text and data in this publication may be reproduced as long as the source is cited. Reproductions for commercial purposes are forbidden. The International Poverty Centre's Working Papers disseminates the findings of work in progress to encourage the exchange of ideas about development issues. Our main objective is to disseminate findings quickly, so we(More)
Many pension schemes mandated by governments have accumulated large reserves. The management of these funds has a direct effect on financial sustainability and potential benefit levels. It also has important indirect effects on the overall economy when the funds are large. Part I of this study surveys some of the available cross-country evidence on(More)
In many low income African countries, three factors are placing an undue burden on the elderly. First, the burden on the elderly has enormously increased with the increase in mortality of prime age adults due to HIV AIDS pandemic and regional conflicts. Second, the traditional safety net of the extended family has become ineffective and unreliable for the(More)
  • Mario Catalán, Asli Demirgüç-Kunt, +10 authors Alberto R. Musalem
  • 2000
This paper analyzes the relationship between the development of contractual savings (pension funds and life insurance) and stock and asset markets. We sketch a three-asset model explaining how the contractual savings sector promotes financial development and what is the impact on asset markets equilibrium. We use panel data for some OECD and developing(More)
Social Protection Discussion Papers are not formal publications of the World Bank. They present preliminary and unpolished results of analysis that are circulated to encourage discussion and comment; citation and the use of such a paper should take account of its provisional character. The findings, interpretations, and conclusions expressed in this paper(More)
Understanding Poverty among the Elderly in India: Implications for Social Pension Policy The Government of India is implementing a new policy which dramatically increases funding for a cash transfer program targeted to the poor elderly. The expansion of this ‘social pension’ in terms of coverage and benefit levels is taking place with little understanding(More)
The paper examines social security (public pension) reforms in which the programme is partially shifted from a public unfunded basis to a private, prefunded, basis. It focuses on reforms where individuals have a choice in switching from public funded to private unfunded programmes (as in the ‘contracting out’ scheme in the UK), or where some individuals are(More)