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The Economics of Pensions : Principles, Policies, and International Experience - Salvador Valdes-Prieto

The Economics of Pensions

Principles, Policies, and International Experience

By: Salvador Valdes-Prieto (Editor)

Paperback Published: 29th November 1999
ISBN: 9780521666121
Number Of Pages: 392

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  • Hardcover View Product Published: 13th January 1997

The significant store of knowledge about publicly regulated pensions for old age has grown even more rapidly in the past decade. This book explores current research in four critical areas for pension policy: the political design of pension institutions; the iron links among fiscal deficits, private savings, and pension reform; how macroeconomic policy should be conducted after large private pension funds have emerged; and lessons on efficient organization of the pension industry, drawn from international comparisons including Australia, Chile, Malaysia, and the United Kingdom.

Industry Reviews

'The ambitious goal of this edited collection is to synthesize many of the lessons learned from previous reforms as well as to summarize the expertise on those issues that is most critical to pension reform: political design of pension policy, fiscal deficits and private savings in pension reform, and the macroeconomic effects of pensions. An introductory chapter provides a nice overview of the key issues, and as a whole the quality of contributions is quite high. Thus, this book is an excellent resource of policy-makers and specialists ... a good way of becoming acquainted with the area.' Economica

Introduction and overview
The Politics of Mandatory Pensions
Insulation of pensions from political risk
Democracy and pensions in Chile experience with two systems
Public pension governance and performance
Fiscal Deficits and Private Saving in Pension Reform
Pension reform and growth Gian
Pension reforms in the presence of credit constraints
Financing a pension reform towards private funded pensions
Macroeconomic Policy and Private Pensions
Pension funds, capital controls, and macroeconomic stability
Are there (good) macroeconomic reasons for limiting external investments by pension funds? The Chilean experience
Regulation of Privately-Managed Pension Systems
Pension choice and pensions policy in the United Kingdom
Mandatory retirement saving Australia and Malaysia compared
Conclusion public pension plans in international perspective problems, reforms and research issues
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521666121
ISBN-10: 0521666120
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 392
Published: 29th November 1999
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 2.2
Weight (kg): 0.52