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Pension Economics
 
 
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Pension Economics [Hardcover]

David Blake (Author)

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Book Description

0470058447 978-0470058442 December 14, 2006 1
While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand:
* The key types of pension scheme
* The role of pensions in maximizing individual lifetime welfare
* The role of pensions in individual savings and retirement decisions
* The role and consequences of the pension plan from the company's viewpoint
* The role of pensions in promoting aggregate savings
* The role of pensions and retirement in overlapping generations models
* The economics of ageing and intergenerational accounting
* The social welfare implications of pensions
* The lessons of behavioural economics for pensions

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Editorial Reviews

Review

"I have never seen such a concise description of pension institutions that was so crystal clear." (Investments & Pensions Europe, February 2007)

"Informative without being patronizing and set out in a logical sequence with each chapter containing questions to help the reader consolidate what they have just learnt." (Pensions Age, December 2006)

"If you are looking for a solid grounding in the theory and practice of economics in relation to pensions this is a vital addition to your bookshelf." (.net, August 2007)

From the Inside Flap

"Given the retirement funding crisis faced by many countries across the globe, this is a must read not only for every pension economist, but also for pension lawyers, pension accountants, retirement plan advisors, investment managers, corporate executives and pension policy makers."
Professor Shlomo Benartzi, Co-chair of the Behavioral Decision Making Group, The Anderson School, UCLA

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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
unfunded state pension scheme, elderly participation rate, state pension wealth, optimal retirement date, pension decision making, portability risk, automatic enrolment, economic pension liabilities, mandatory pension savings, accrued benefits method, private pension wealth, corporate pension policy, pension scheme members, intertemporal substitution elasticity, transition deficit, steady state generations, state pension system, generational accounts, intergenerational risk sharing, lifetime budget constraint, state pension schemes, lifetime uncertainty, longevity risk, unfunded scheme, pension economics
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Oxford University Press, American Economic Review, Journal of Political Economy, University of Chicago Press, Alan Blinder, Journal of Public Economics, Quarterly Journal of Economics, Economic Journal, Journal of Finance, New Lessons, New York, World Bank, Discussion Paper, Cambridge University Press, United Kingdom, University of Michigan, Review of Economic Studies, Young Old, Great Depression, University of Pennsylvania Press, American Enterprise Institute, European Economic Review, Foundations of Modern, Intergenerational Economics, John Wiley
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