Reforming Pensions: A Short Guide

by Peter Diamond and Nicholas Barr

Book Overview

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 arguments have three elements:

* Pension systems have multiple...

• Format: Paperback
• Language: English
• ISBN: 0195387724
• ISBN13: 9780195387728
• Release Date: November 2009
• Publisher: Oxford University Press, USA
• Length: 264 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.7" x 6.0" x 9.1"