Download EBOOK Reforming Pensions: Principles and Policy Choices PDF for free


Download EBOOK Reforming Pensions: Principles and Policy Choices PDF for free Category: Business, Finance & Law
The author of the book: Nicholas Barr
Format files: PDF, EPUB, TXT, DOCX
The size of the: 416 KB
Language: English
ISBN-13: 9780195311303
Edition: Oxford University Press Inc
Date of issue: 23 October 2008

Description of the book "Reforming Pensions: Principles and Policy Choices":

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 objectives-consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context- simple economic models are a bad guide to policy design in a PDF world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with ePub particular attention to Chile and China.

Download EBOOK Reforming Pensions: Principles and Policy Choices PDF for free


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Nicholas Barr

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Download EBOOK Reforming Pensions: Principles and Policy Choices PDF for free



Download EBOOK Reforming Pensions: Principles and Policy Choices for free

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