Pension Funds: Retirement-Income Security and the Development of Financial Systems - An International Perspective

Pension Funds: Retirement-Income Security and the Development of Financial Systems - An International Perspective

by E. Philip Davis
     
 


Coping with the aging of the population without economic disruption is undoubtedly one of the major challenges facing the global economy and world financial markets both now and for the coming decades. In this context, this book assesses the major economic issues raised by occupational pension funds, as they have arisen in 12 OECD countries; the US, the UK,… See more details below

Overview


Coping with the aging of the population without economic disruption is undoubtedly one of the major challenges facing the global economy and world financial markets both now and for the coming decades. In this context, this book assesses the major economic issues raised by occupational pension funds, as they have arisen in 12 OECD countries; the US, the UK, Germany, Japan, France, Italy, Canada, Australia, Denmark, Sweden, Switzerland, and the Netherlands, as well as in Chile and Singapore. Particular emphasis is placed on the performance of funds in financial markets, the influence on funds of fiscal and regulatory conditions, and the consequences of funds' development for capital markets, corporate finance and international investment. The relationship with social security, the comparative advantages of defined benefit and defined contribution funds and the role of funds in developing countries are also examined in detail.

Product Details

ISBN-13:
9780198293040
Publisher:
Oxford University Press, USA
Publication date:
04/28/1998
Edition description:
REPRINT
Pages:
352
Product dimensions:
6.10(w) x 9.10(h) x 0.70(d)
Lexile:
1600L (what's this?)

Table of Contents

Introduction
1. An Overview of the Economic Issues
2. The Economics of Social Security Pensions
3. The Structure of Pension Provision in 12 OECD Countries.
4. Taxation
5. Regulation
6. Performance of Pension Funds
7. Effects on Capital Markets
8. Pension Funds and Corporate Finance
9. International Investment
10. Defined Benefit and Defined Contribution Plans
11. Pension Funds in Developing Countries
Conclusions
Appendix 1: Interviews with Portfolio Managers
Appendix 2: Pension Funds and ERM Crisis 1992-3
Glossary
References
Index

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