Brief Description
This book focuses on the underlying economic issues of the debate over public pension system reform.
Learn More about the Book
As population aging has become increasingly acute in many countries, the debate over how to reform often creaking public pension systems has gathered momentum. In many cases, this debate has become politicized and the focus on some of the underlying economic issues has been lost. This volume hopes to redress some of this imbalance. It begins by examining the rationale behind why public pension systems were introduced originally - out of fear that individuals do not adequately save for retirement. It then systematically examines different aspects of reforming these systems. It covers the fiscal repercussions of reform, the implications of the baby boom on asset returns in the years ahead, the political economy of the reform process, and finally the risk-sharing implications that are inherent in reform. An important additional goal of this volume is to make it accessible to as wide an audience as possible: students, academics, and policy makers.
Review Quotes
1. 'This volume is a valuable collection of essays ??? authored by some of the foremost experts in the field, providing sophisticated research techniques as well as a well-rounded international perspective on the debate over social security reform. the book is well organized, providing arguments that are both cohesive and highly readable.' Journal of PEF
2. 'This volume is a valuable collection of essays ... authored by some of the foremost experts in the field, providing sophisticated research techniques as well as a well-rounded international perspective on the debate over social security reform. the book is well organized, providing arguments that are both cohesive and highly readable.' Journal of PEF
3. Review of the hardback: 'This volume is a valuable collection of essays authored by some of the foremost experts in the field, providing sophisticated research techniques as well as a well-rounded international perspective on the debate over social security reform. the book is well organized, providing arguments that are both cohesive and highly readable.' Journal of PEF"
