Pension Reform and Econ Theory available in Hardcover
- Pub. Date:
- Elgar, Edward Publishing, Inc.
Calling for a rigorous theoretical framework, Cesaratto (economics, U. of Sienna, Italy) adds an alternative perspective to the current debate on the economics of pensions and aging. He argues that the strength of various proposed reforms depends on the validity of the economic theories on which they are based. He begins with a review of the pay-as-you-go and fully funded systems before discussing the controversy over the US Social Security program. He then applies Keynes' theory of effective demand to the question of pensions and a classical approach to the welfare state. The volume concludes with a consideration of the sustainability of the pay-as-you-go system as an economic question. Annotation ©2006 Book News, Inc., Portland, OR