In Pakistan, there is currently a pensions crisis because the government did not plan pensions for public sector employees efficiently. In developed countries like the US, where people plan their own pensions this planning for retirement requires a lot of effort, forward-thinking, and knowledge of financial opportunities. Even then pensions are never completely secure in the US.

I. Examine the Pension Crisis from the perspective of the Permanent Income Hypothesis and its modern versions to explain the possible causes of this crisis. II. Related to causes identified in Part I of this question, suggest solutions to the pension crisis in Pakistan

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Part 1 Being permanent Income Hypothesis the cause of pension crises according to me is due to decli... View the full answer