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The Economics of Pensions: Principles, Policies, and International Experience [Paperback]

Salvador Valdés-Prieto (Editor)

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Book Description

July 28, 1999
The significant store of knowledge about publicly regulated pensions for old age has grown even more rapidly in the past decade. This book explores current research in four critical areas for pension policy: the political design of pension institutions; the iron links among fiscal deficits, private savings, and pension reform; how macroeconomic policy should be conducted after large private pension funds have emerged; and lessons on efficient organization of the pension industry, drawn from international comparisons including Australia, Chile, Malaysia, and the United Kingdom.

Editorial Reviews

Review

"Reforming public and private pension systems is a first-order policy issue throughout the developed and developing world. This volume draws together important new research finding, theoretical as well as empirical, that bear on pension reform. Anyone concerned with the government's role in retirement income provision will find this volume informative, interesting, and thought-provoking." James Poterba, MIT

"This book is a collection of papers on various aspects of national retirement income policy written by some of the most distinguished scholars in the field. It is must reading for anyone concerned with the politics and economics of designing pension systems at the national level." Zvi Bodie, Boston University

"This book is a valuable contribution to the debate of how to successfully reform public pension systems. It summarizes many of the crucial issues of pension reform in a clear and interesting way and also identifies some important areas for further research." Journal of Economic Literature

Book Description

The significant store of knowledge about publicly regulated pensions for old age has grown even more rapidly in the last decade. This book explores current research in four critical areas for pension policy: the political design of pension institutions; the iron links between fiscal deficits, private savings, and pension reform; how macroeconomic policy should be conducted after large private pension funds have emerged; and lessons on efficient organization of the pension industry, drawn from international comparisons including Australia, Chile, Malaysia, and the United Kingdom.

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Inside This Book (learn more)
First Sentence:
There are many sources of political risk to the public provision of pensions. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
neutral relabeling, pure tax component, transition deficit, pension institution, legislated promises, pension system assets, public age pension, superannuation support, personal pension schemes, implicit public pension debt, pension governance, pension fund income, retirement income scheme, public pillar, local pension plans, worst scheme, retirement income policy, apparent funding, new public debt, pension scheme members, money purchase scheme, mandatory retirement saving, pension choices, credit constraints, occupational schemes
Key Phrases - Capitalized Phrases (CAPs): (learn more)
World Bank, United States, Superannuation Guarantee, United Kingdom, Latin America, Working Paper, Oxford University Press, Employees Provident Fund, New York, Brookings Institution, Cambridge University Press, Centro de Estudios, Journal of Political Economy, National Insurance, American Economic Review, Financial Services, Journal of Economics, Ministry of Finance, Pensions Act, University of Chicago Press, University of Pennsylvania, Inland Revenue, Journal of Public Economics, Tax-Financed Transition Deficit, Averting the Old Age Crisis
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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