Pension Economics

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Issues in Pension Economics

Zvi Bodie,John B. Shoven,David A. Wise
Issues in Pension Economics Book PDF

Author : Zvi Bodie,John B. Shoven,David A. Wise
Publisher : University of Chicago Press
Page : 390 pages
File Size : 45,5 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226062907

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Issues in Pension Economics by Zvi Bodie,John B. Shoven,David A. Wise Pdf

In the past several decades, pension plans have become one of the most significant institutional influences on labor and financial markets in the U.S. In an effort to understand the economic effects of this growth, the National Bureau of Economic Research embarked on a major research project in 1980. Issues in Pension Economics, the third in a series of four projected volumes to result from thsi study, covers a broad range of pension issues and utilizes new and richer data sources than have been previously available. The papers in this volume cover such issues as the interaction of pension-funding decisions and corporate finances; the role of pensions in providing adequate and secure retirement income, including the integration of pension plans with social security and significant drops in the U.S. saving rate; and the incentive effects of pension plans on labor market behavior and the implications of plans on labor market behavior and the implications of plans for different demographic groups. Issues in Pension Economics offers important empirical studies and makes valuable theoretical contributions to current thinking in an area that will most likely continue to be a source of controversy and debate for some time to come. The volume should prove useful to academics and policymakers, as well as to members of the business and labor communities.

Pension Fund Economics and Finance

Jacob Bikker
Pension Fund Economics and Finance Book PDF

Author : Jacob Bikker
Publisher : Routledge
Page : 216 pages
File Size : 47,9 Mb
Release : 2017-11-22
Category : Business & Economics
ISBN : 9781317220831

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Pension Fund Economics and Finance by Jacob Bikker Pdf

Pension fund benefits are crucial for pensioners’ welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues. The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons? The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support? This groundbreaking book will challenge the way pension fund economics is thought about and practiced.

Pension Economics

David Blake
Pension Economics Book PDF

Author : David Blake
Publisher : John Wiley & Sons
Page : 270 pages
File Size : 44,8 Mb
Release : 2006-11-02
Category : Business & Economics
ISBN : 0470058714

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Pension Economics by David Blake Pdf

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

The Economics of Pensions

Salvador Valdés-Prieto
The Economics of Pensions Book PDF

Author : Salvador Valdés-Prieto
Publisher : Cambridge University Press
Page : 396 pages
File Size : 55,8 Mb
Release : 1997
Category : Business & Economics
ISBN : 0521666120

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The Economics of Pensions by Salvador Valdés-Prieto Pdf

This book, first published in 1997, offers up-to-date research about publicly regulated pensions for old age.

Essentials of Pension Economics

Sergio Nisticò
Essentials of Pension Economics Book PDF

Author : Sergio Nisticò
Publisher : Springer Nature
Page : 127 pages
File Size : 40,9 Mb
Release : 2019-10-14
Category : Business & Economics
ISBN : 9783030264963

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Essentials of Pension Economics by Sergio Nisticò Pdf

This Palgrave Pivot provides a concise overview of pension systems which, whether paid by governments or by private companies, are the sole source of income for millions of people around the world. By 2050, two billion elderly people will have to be ensured some form of income while, at the same time, the prospect facing younger generations is of a gloomy future. This book breaks down the jargon, investigates different designs and analyses these designs' effects on financial sustainability, their adequacy when it comes to level and replacement rates, and their effects on intra- and inter-generational distribution. The author provides also an overview of the historical, demographic and political issues connected with the pension debate. This book will be of interest to students and academics, and professionals involved in the pensions industry.

Older and Wiser

Lawrence Thompson
Older and Wiser Book PDF

Author : Lawrence Thompson
Publisher : Routledge
Page : 176 pages
File Size : 53,6 Mb
Release : 2019-05-23
Category : Social Science
ISBN : 9780429827686

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Older and Wiser by Lawrence Thompson Pdf

First published in 1998, this volume was developed as part of the Stockholm Initiative and sets out to assess the situation of providing for retirement and pensions. In the wake of intense debate over pay-as-you-go pensions, Lawrence Thomson for the most part leaves social and cultural issues for subsequent analysis, instead examining the economic

Economic Challenges of Pension Systems

Marta Peris-Ortiz,José Álvarez-García,Inmaculada Domínguez-Fabián,Pierre Devolder
Economic Challenges of Pension Systems Book PDF

Author : Marta Peris-Ortiz,José Álvarez-García,Inmaculada Domínguez-Fabián,Pierre Devolder
Publisher : Springer Nature
Page : 487 pages
File Size : 40,7 Mb
Release : 2020-03-20
Category : Business & Economics
ISBN : 9783030379124

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Economic Challenges of Pension Systems by Marta Peris-Ortiz,José Álvarez-García,Inmaculada Domínguez-Fabián,Pierre Devolder Pdf

This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.

Pensions, Economics, and Public Policy

Richard A. Ippolito
Pensions Economics and Public Policy Book PDF

Author : Richard A. Ippolito
Publisher : University of Pennsylvania Press
Page : 428 pages
File Size : 52,6 Mb
Release : 1986
Category : Business & Economics
ISBN : 0870947605

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Pensions, Economics, and Public Policy by Richard A. Ippolito Pdf

From the Pension Research Council of the Wharton School

The Political Economy of Pensions

Richard Lee Deaton
The Political Economy of Pensions Book PDF

Author : Richard Lee Deaton
Publisher : Unknown
Page : 510 pages
File Size : 45,9 Mb
Release : 1989
Category : Business & Economics
ISBN : UCAL:B3716635

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The Political Economy of Pensions by Richard Lee Deaton Pdf

In 2011, the 'Baby Boom' generation will begin to retire. Bythen, the stark reality of the 'greying' of the population inNorth America and Western Europe will have brought the inadequacies ofthe state and private pension systems home to all levels of society,and the pension crisis will be actual rather than impending. In ThePolitical Economy of Pensions, Richard Deaton explores the factorsinvolved in this high-profile issue of public policy and shows theinsufficiency of recent reform initiatives in Canada, the UnitedStates, and Britain. Four converging considerations explain theimminence of the pension crisis.

Pensions in the U.S. Economy

Zvi Bodie,John B. Shoven,David A. Wise
Pensions in the U S Economy Book PDF

Author : Zvi Bodie,John B. Shoven,David A. Wise
Publisher : University of Chicago Press
Page : 214 pages
File Size : 51,5 Mb
Release : 2008-04-15
Category : Business & Economics
ISBN : 9780226062914

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Pensions in the U.S. Economy by Zvi Bodie,John B. Shoven,David A. Wise Pdf

Pensions in the U.S. Economy is the fourth in a series on pensions from the National Bureau of Economic Research. For both economists and policymakers, this volume makes a valuable contribution to current research on pensions and the economics of the elderly. The contributors report on retirement saving of individuals and the saving that results from corporate funding of pension plans, and they examine particular aspects of the plans themselves from the employee's point of view. Steven F. Venti and David A. Wise offer a careful analysis of who contributes to IRAs and why. Benjamin M. Friedman and Mark Warshawsky look at the reasons more retirement saving is not used to purchase annuities. Personal saving through pension contribution is discussed by B. Douglas Bernheim and John B. Shoven in the context of recent government and corporate pension funding changes. Michael J. Boskin and John B. Shoven analyze indicators of the economic well-being of the elderly, addressing the problem of why a large fraction of the elderly remain poor despite a general improvement in the economic status of the group as a whole. The relative merits of defined contribution versus defined benefit plans, with emphasis on the risk aspects of the two types of plans for the individual, are examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the final paper, pension plans and worker turnover are the focus of the discussion by Edward P. Lazear and Robert L. Moore, who propose pension option value rather than the commonly used accrued pension wealth as a measure of pension value.

Labor's Capital

Teresa Ghilarducci
Labor s Capital Book PDF

Author : Teresa Ghilarducci
Publisher : MIT Press
Page : 244 pages
File Size : 43,5 Mb
Release : 1992
Category : Business & Economics
ISBN : 0262071398

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Labor's Capital by Teresa Ghilarducci Pdf

This examination of the 120-year-old American system of privatized social insurance reveals that the system fails to provide adequate retirement income security, its most prominent goal, and, in fact, its greatest influence is in supplying funds to U.S. capital markets.

The Economics of Private Pensions

Alicia Haydock Munnell
The Economics of Private Pensions Book PDF

Author : Alicia Haydock Munnell
Publisher : Brookings Institution Press
Page : 268 pages
File Size : 49,7 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015008299425

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The Economics of Private Pensions by Alicia Haydock Munnell Pdf

Monograph comparing the economic implications of private pension schemes with the social costs of social security-based old age benefits in the USA - describes the historical background of retirement savings, the taxation system allowing tax deductions for employers' contributions, to private schemes, examines investment behaviour, the effect of inflation on cost of living allowance, social security financing problems, etc. Diagrams, graphs, references and statistical tables.

Pension Fund Capitalism

Leokadia Oręziak
Pension Fund Capitalism Book PDF

Author : Leokadia Oręziak
Publisher : Routledge
Page : 122 pages
File Size : 41,5 Mb
Release : 2022-04-10
Category : Business & Economics
ISBN : 9781000568530

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Pension Fund Capitalism by Leokadia Oręziak Pdf

This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions. The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system. Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.

The Future of Pension Plans in the EU Internal Market

Nazaré da Costa Cabral,Nuno Cunha Rodrigues
The Future of Pension Plans in the EU Internal Market Book PDF

Author : Nazaré da Costa Cabral,Nuno Cunha Rodrigues
Publisher : Springer Nature
Page : 359 pages
File Size : 53,8 Mb
Release : 2019-11-26
Category : Business & Economics
ISBN : 9783030294977

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The Future of Pension Plans in the EU Internal Market by Nazaré da Costa Cabral,Nuno Cunha Rodrigues Pdf

This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.

Pension Fund Economics and Finance

Jacob Bikker
Pension Fund Economics and Finance Book PDF

Author : Jacob Bikker
Publisher : Routledge
Page : 256 pages
File Size : 55,9 Mb
Release : 2019-12-12
Category : Electronic
ISBN : 0367877759

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Pension Fund Economics and Finance by Jacob Bikker Pdf

Pension fund benefits are crucial for pensioners' welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data availability. This book contributes to this literature and focuses on three important areas. The first is pension fund (in)efficiency, which has a huge impact on final benefits, particularly when annual spoilage accumulates over a lifetime. Scale economies, pension plans complexity and alternative pension saving plans are important issues. The second area is investment behavior and risk-taking. A key question refers to the allocation of investments over high risk/high return and relatively safe assets. Bikker investigates whether pension funds follow the life-cycle hypothesis: more risk and return for pension funds with young participants. Many pension funds are rather limited in size, which may raise the question how financially sophisticated the pension fund decision makers are: rather professionals or closer to unskilled private persons? The third field concerns two regulation issues. How do pension fund respond to shocks such as unexpected investment returns or changes in life expectancy? What are the welfare implications to the beneficiary for different methods of securing pension funding: solvency requirements, a pension guarantee fund, or sponsor support? This groundbreaking book will challenge the way pension fund economics is thought about and practiced.