The Future of Multi-Pillar Pensions (Paperback)

Language: English

Published by Cambridge University Press, Cambridge, 2015

1107481120 / 9781107481121

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Softcover

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Paperback. Pension systems are under serious pressure worldwide. This pressure stems not only from the well-known trend of population aging, but also from those of increasing heterogeneity of the population and increasing labour mobility. The current economic crisis has aggravated these problems, thereby exposing the vulnerability of many pension schemes to macroeconomic shocks. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It adopts an integral perspective and asks how the pension system as a whole contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. It focuses on the optimal balance between the various pension pillars and on the optimal design of each of the schemes. It sketches a number of economic trade-offs, showing that countries may opt for different pension schemes depending on how they react to these trade-offs. Pension systems are under serious pressure worldwide. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It asks how the pension system contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…

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Title
The Future of Multi-Pillar Pensions (Paperback)
Author
Lans Bovenberg
Publisher
Cambridge University Press, Cambridge
Publication year
2015
Condition
new
Binding
Paperback
Language
English
ISBN 10
1107481120
ISBN 13
9781107481121

CitiRetail

Stevenage, United Kingdom

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AbeBooks seller since June 29, 2022

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