Abstract:Old-age annuity program; Old-age insurance program; Public pension program; Retirement insurance program Definition Social security is the protection that a society provides to individuals and households to ensure access to health care and to guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity, or loss of a breadwinner. Overview Demographic changes, especially population aging, have important impacts on macroeconomic variables, public sector f… Show more
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