Please use this identifier to cite or link to this item: https://oa.inapp.org/xmlui/handle/20.500.12916/471
Title: Harnessing a young nation's demographic dividends through a universal NDC pension scheme: a case study of Tanzania
Authors: Larsson, Bo
Leyaro, Vincent
Palmer, Edward
Keywords: Anziani
Capitale umano
Pensionamento
Issue Date: 1-Aug-2019
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 <http://oa.inapp.org/xmlui/handle/20.500.12916/471>
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.
URI: http://oa.inapp.org/xmlui/handle/20.500.12916/471
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