The Economics of Pensions: Principles, Policies, and International Experience
by Salvador Valdes-Prieto
Availability: Ships within 1 week
Publisher: Cambridge University Press
The significant store of knowledge about publicly regulated pensions for old age has grown even more rapidly in the last decade. This book explores current research in four critical areas for pension policy: the political design of pension institutions; the iron links between fiscal deficits, private savings, and pension reform; how macroeconomic policy should be conducted after large private pension funds have emerged; and lessons on efficient organization of the pension industry, drawn from international comparisons including Australia, Chile, Malaysia, and the United Kingdom. Contents 1. Introduction and overview Salvador Valdés-Prieto Part I. The Politics of Mandatory Pensions: 2. Insulation of pensions from political risk Peter Diamond 3. Democracy and pensions in Chile: experience with two systems Oscar Godoy and Salvador Valdés-Prieto 4. Public pension governance and performance Olivia Mitchell and Ping-Lung Hsin Part II. Fiscal Deficits and Private Saving in Pension Reform: 5. Pension reform and growth Gian Carlo Corsetti and Klaus Schmidt-Hebbel 6. Pension reforms in the presence of credit constraints Rodrigo Cifuentes and Salvador Valdés-Prieto 7. Financing a pension reform towards private funded pensions Salvador Valdés-Prieto Part III. Macroeconomic Policy and Private Pensions: 8. Pension funds, capital controls, and macroeconomic stability Helmut Reisen and John Williamson 9. Are there (good) macroeconomic reasons for limiting external investments by pension funds? The Chilean experience Juan Andrés Fontaine Part IV. Regulation of Privately-Managed Pension Systems: 10. Pension choice and pensions policy in the United Kingdom David Blake 11. Mandatory retirement saving: Australia and Malaysia compared Hazel Bateman and John Piggott 12. Conclusion: public pension plans in international perspective: problems, reforms and research issues Estelle James. Printed Pages: 391..