Reforming Pensions Principles and Policy Choices |
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| Author:
| Barr, Nicholas
Diamond, Peter |
| ISBN: | 978-0-19-531130-3 |
| Publication Date: | Oct 2008 |
| Publisher: | Oxford University Press, Incorporated
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| Book Format: | Hardback |
| List Price: | AUD $126.32AUD $203.00 |
Book Description:
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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 analysis is complemented by discussion of implementation.
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 analysis is complemented by discussion of implementation.