Reforming Pensions: Principles and Policy Choices

by Nicholas Barr and Peter Diamond

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: Hardcover
• Language: English
• ISBN: 0195311302
• ISBN13: 9780195311303
• Release Date: October 2008
• Publisher: Oxford University Press, USA
• Length: 368 Pages
• Weight: 1.40 lbs.
• Dimensions: 1.1" x 6.2" x 9.3"