The Economics Of Pensions: Principles, Policies, and International Experience by Salvador Valdés-PrietoThe Economics Of Pensions: Principles, Policies, and International Experience by Salvador Valdés-Prieto

The Economics Of Pensions: Principles, Policies, and International Experience

EditorSalvador Valdés-Prieto

Hardcover | January 13, 1997

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The significant store of knowledge about publicly regulated pensions for old age has grown even more rapidly in the past decade. This book explores current research in four critical areas for pension policy: the political design of pension institutions; the iron links among 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.

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Title:The Economics Of Pensions: Principles, Policies, and International ExperienceFormat:HardcoverDimensions:392 pages, 8.98 × 5.98 × 0.98 inPublished:January 13, 1997Publisher:Cambridge University Press

The following ISBNs are associated with this title:

ISBN - 10:0521552303

ISBN - 13:9780521552301

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Table of 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.

Editorial Reviews

"This book is a valuable contribution to the debate of how to successfully reform public pension systems. It summarizes many of the crucial issues of pension reform in a clear and interesting way and also identifies some important areas for further research." Journal of Economic Literature