76 страниц. 2014 год. LAP Lambert Academic Publishing Saving for old age is necessary for a decent financial independence in the future. Pension Reforms in developing countries are hard and long processes, but highly compulsory. People's myopic saving behavior can result in low social welfare in the future. Pension Systems are created to help prevent old age poverty. But, similar to other public policies, pensions are no exception to flaws, and as such they should be constantly remodeled to fit people's needs.