By Mario Arturo Ruiz Estrada (University of Malaya: Social Security Research Centre (SSRC))
This paper explores the concept of pensionomics as a prospective tool of pension evaluation. The paper suggests a paradigm shift: a multidisciplinary synthesis of differing perspectives in evaluating pension overall performance based on past work on pension evaluation, incorporating non-economic variables with significant impact on economic growth and social development. The paper suggests a new analytical tool called “Pensions Consistency (PC) Index” that identifies the level of consistency as well as the strengths and weaknesses within any pension system. The new conceptual framework focuses on building intersectoral and holistic policies able to respond to the new multidimensional dynamic environment.