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Harnessing a young nation's demographic dividends through a universal NDC pension scheme: a case study of Tanzania

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dc.contributor.author Larsson, Bo
dc.contributor.author Leyaro, Vincent
dc.contributor.author Palmer, Edward
dc.date.accessioned 2019-08-01T12:30:36Z
dc.date.available 2019-08-01T12:30:36Z
dc.date.issued 2019-08-01
dc.identifier.citation Larsson B., Leyaro V., Palmer V. (2019), Harnessing a young nation's demographic dividends through a universal NDC pension scheme: a case study of Tanzania, Roma, INAPP, WP, n. 33 <https://oa.inapp.org/xmlui/handle/123456789/471> en_US
dc.identifier.uri https://oa.inapp.org/xmlui/handle/123456789/471
dc.description.abstract About one-half of Africa’s population will remain below age 30 well past 2050, with relatively few aged 60 and older. Using Tanzania’s projected demographics and present economic point of departure, this paper demonstrates how the implicit “double” demographic dividend can be harnessed to create inclusive growth. A Swedish-style nonfinancial defined contribution (NDC) system is launched where the government can borrow funds from the future through NDC “consol” bonds to transform individual savings into human and physical capital to promote inclusive economic growth. The consol bonds constitute a reserve to cover pensions of the retiring “demographic bubble” in the future as the dependency ratio gradually glides into demographic equilibrium. Minimum transfers to the current elderly are also introduced with the phase-in. en_US
dc.language.iso en en_US
dc.subject Anziani en_US
dc.subject Capitale umano en_US
dc.subject Pensionamento en_US
dc.title Harnessing a young nation's demographic dividends through a universal NDC pension scheme: a case study of Tanzania en_US
dc.type Working Paper en_US
dc.type.relation Working Paper;


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