February 2017

23Feb

Rethinking Pension Reform (English Edition)

By Franco Modigliani & Arun Muralidhar This book, first published in 2004, presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security. The authors establish the basic choices in designating any system to help policy makers develop the system that achieves their many objectives. They examine reforms in Latin America to highlight flaws and to estimate the true cost of these reforms and factors affecting these costs. The authors then...

February 23, 2017
Books, Books, Pension design, Regulation, System Sustainability
Read more...
17Feb

Reforming Pensions in Central Europe: Path Dependence and Path Departure in the Pension Systems of former Czechoslovakia

By Ivan Lesay Welfare states in general and pension systems specifically have been recently facing many economic, ideological, political and other challenges all around the world. However, welfare state retrenchment and pension reforms are most likely not to look the same in the post-Communist Europe as in other parts of the world. Almost a half century in the Soviet bloc prepared different political, economic, and institutional legacies for potential welfare state restructuring in Central-East Europe after the fall of Communism....

February 17, 2017
Books
Read more...
17Feb

Securing Pension Provision: The Challenge of Reforming the Age of Entitlement

By comparing Germany, France, the UK and the USA this study explores how governments have tackled the increased pressure of financing state pensions. Specifically, it looks at the approach of each of these countries to raising the age of entitlement in order to understand the ways in which this policy was introduced in different countries. Read More: HERE

February 17, 2017
Books
Read more...
17Feb

Reforming Pensions: A Short Guide

Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed...

February 17, 2017
Books
Read more...
17Feb

Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth (World Bank Policy Research Report)

This policy-oriented book identifies the issues countries should consider as they reevaluate their old income security policies and formulate new methods. The choice between the various models for providing old-age security has broad implications for the operation of labor and capital markets, the fiscal system, and the level, growth, and distribution of GNP. The author concludes that a mixed strategy is more effective than any single method of income security. This will be an important book for international economists...

February 17, 2017
Books
Read more...
17Feb

Reforming Pensions: Principles and Policy Choices

Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be...

February 17, 2017
Books
Read more...
14Feb

The Future of Pension Management: Integrating Design, Governance, and Investing (Wiley Finance)

The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that have taken place...

February 14, 2017
Books
Read more...
14Feb

Pension Design and Structure: New Lessons from Behavioral Finance (Pension Research Council Series)

Employees are being given more and more decisions to make with regards to their pension and healthcare plans. Yet increasing research in the social sciences shows that the decisions 'real' people make are not those of the thoughtful and well-informed economic agent often portrayed in economic research, but are often based on flawed information and made without a full understanding of their financial implications. The contributors to Pension Design and Structure explore the assumptions behind commonly-held theories of retirement decision-making,...

February 14, 2017
Books
Read more...
14Feb

Pension Revolution: A Solution to the Pensions Crisis (Wiley Finance)

Praise for Pension Revolution "When Keith Ambachtsheer puts his keen mind to work on a problem, watch out! Here he exposes today's fragile arrangements for the most serious social dilemma of our times--financing retirement. Then he provides a compelling and powerful set of solutions. His writings are essential reading for all who care about the future of American living standards." --Peter Bernstein, founder and President, Peter L. Bernstein, Inc., and author of Capital Ideas and Against the Gods "This book describes one...

February 14, 2017
Books
Read more...
14Feb

Old-Age Income Support in the 21st Century: An International Perspective on Pension Systems and Reform (Trade and Development)

The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. During this time, the World Bank has taken a leading role in addressing this challenge through its support for pension reforms around the world. 'Old-Age Income Support in the 21st Century' attempts to explain current policy thinking and update the World Bank's perspective on pension reform. The Bank has been involved in pension...

February 14, 2017
Books
Read more...