Rethinking Pension Reform

Rethinking Pension Reform

by Franco Modigliani, Arun Muralidhar
     
 

ISBN-10: 0521834112

ISBN-13: 9780521834117

Pub. Date: 07/31/2004

Publisher: Cambridge University Press

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. Because the success of reforms depends on financial innovation to mitigate key risks, innovations are discussed which demonstrate how pension reform choices affect the…  See more details below

Overview

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. Because the success of reforms depends on financial innovation to mitigate key risks, innovations are discussed which demonstrate how pension reform choices affect the achievement of retirement objectives. Finally, the authors examine proposed hybrid options to show how their beneficial features can be captured through planning within a single fund. Hb ISBN (2004) 0-521-83411-2

Product Details

ISBN-13:
9780521834117
Publisher:
Cambridge University Press
Publication date:
07/31/2004
Pages:
266
Product dimensions:
5.98(w) x 8.98(h) x 0.83(d)

Table of Contents

1. A primer on pension reform issues; 2. A taxonomy of pension reform issues; 3. Evaluation of pension reforms; 4. Welfare costs defined contribution schemes; 5. The transition from PAYGO to funding with a common portfolio: application to the United States; 6. Social security reform in Spain; 7. The 'two pension fund' theorem; 8. The case for mixed systems and variable contributions: improving the performance of pension systems.

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