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Life Cycle Savings in a High-Informality Setting—Evidence from Pakistan (Inglés)

The combined forces of population aging, weakening family and village risk-sharing networks, and low formal pension coverage will make financing elderly consumption a major challenge for the future. This study examines whether households in high-informality settings, where participation in pension schemes is rare, accumulate wealth over the life cycle and what mix of assets and liabilities composes that wealth. Pakistan is an ideal setting...
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