Unfunded Pension Systems
Subtitle: Ageing and Migration, Volume 264 (Contributions to Economic Analysis)
Publisher: Elsevier Science
Published: September 1, 2004
Language: eng
Number of pages: 284
ISBN-13: 9780444517326
First sentence: In 1889, the first publicly administered pension system was launched in Germany by Bismarck, whose social security legislation introduced "invalidity and old-age insurance" for private sector employees.