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Pension Reform: A Short Guide Paperback

ISBN-13: 978-0195387728 ISBN-10: 0195387724

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Editorial Reviews


"This volume distills the accumulated experience of two of the world's leading experts on pension policy. It reports on how a broad cross-section of nations around the globe have grappled with the varied and conflicting objectives of national pension programs. It is a splendid example of something all too rare--the marriage of the best of economic theory and politically and institutionally sensitive observational experience."--Henry J. Aaron, Bruce and Virginia MacLaury Senior Fellow, The Brookings Institution

"I love this book. It is a concise and brilliant analysis of pension reform around the world. I recommend it as a primer for anyone interested in understanding the key issues and policy alternatives."--Zvi Bodie, Norman and Adele Barron Professor of Management, Boston University

Praise for Reforming Pensions: Principles and Policy Choices

"Two of the finest minds in the economics profession lucidly explain the theory and practice of pensions. They uncover the various trade-offs in designing and reforming pension systems in an imperfect world. While difficult, good reforms appear to be possible. I wish that this book had been available when I became interested in pensions. It would have saved me a lot of time and energy."---Lans Bovenberg, Scientific Director, Netspar, Tilburg University

Praise for Reforming Pensions: Principles and Policy Choices

"This is a wonderful book. Two very smart economists, steeped in theory and exposure to real-life pension issues, lay out the principles for good pension reform. They emphasize that pensions have multiple purposes-consumption smoothing, poverty relief, insurance, and redistribution, that we live in a 'second-best' world, and that, because countries vary significantly in their stage of development, fiscal capacities, and administrative capabilities, there is no single best pension design. Yet using a host of international examples, the authors demonstrate how sound economic principles lead to good pension systems and how analytical errors lead to trouble. This sophisticated yet highly readable volume should serve as a road map for any country embarking on pension reform."--Alicia H. Munnell, Director, Center for Retirement Research at Boston College

About the Author

Nicholas Barr is Professor of Public Economics at the London School of Economics and the author of numerous books and articles including The Economics of the Welfare State . He has worked for the World Bank, been a Visiting Scholar at the IMF, and has advised governments on pensions and on higher education finance in the post-communist countries, Australia, Chile, China, Hungary, New Zealand, South Africa and the UK.

Peter Diamond, winner of the 2010 Nobel Prize in Economic Sciences, is an Institute Professor and professor of economics at MIT and co-author, with Peter Orszag, of Saving Social Security: A Balanced Approach. He has been President of the American Economic Association, of the Econometric Society, and of the National Academy of Social Insurance. He has consulted to the World Bank and written about social security in Chile, China, France, Germany, Italy, the Netherlands, Spain, Sweden and the UK and the US.

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