000			02308nam a2200277Ia 4500
999			_c1216 _d1216
003			DE-boiza
005			20200227155627.0
008			191008
020			_a0-262-06272-0
040			_cIZA
100			_aFenge, Robert _93526 _c(ed.)
100			_ade Ménil, Georges _c(ed.) _96929
100			_a Pestieau, Pierre _c(ed.) _96930
245		0	_aPension Strategies in Europe and the United States
260			_c2008 _bMIT Press, _aCambridge, Mass,
300			_a299 pages
340			_hH5 94
440			_aCESifo Seminar Series in Economic Policy _96468
520			_aLeading economists analyze topical issues in pension policy, including structural reform of pay-as-you-go systems, the political sustainability of pension reforms, and the need for private, funded systems. Demographic realities will soon force developed countries to find ways to pay for longer retirements for more people. In Pension Strategies in Europe and the United States, leading economists analyze topical issues in pension policy, with a focus on raising the retirement age, increasing retirement savings, and the political sustainability of reforms that will accomplish these goals. After a substantive and wide-ranging introduction by the editors that weaves together the demographic and economic strands of the story, the chapters present cutting-edge research, offering both theoretical and empirical analyses. Contributors examine such topics as the reform of key structural features of existing pay-as-you-go (PAYG) pension systems, analyzing how benefits should vary with the age of retirement, labor supply elasticity after France's 1993 pension reform, and fiscal response to a demographic shock; the feasibility of PAYG reforms in the United States and the competition among state pension systems that results from labor mobility in Europe; and private, funded systems (increasingly perceived as necessary adjuncts to PAYG systems) in the UK, the US, and the Netherlands, and in terms of individual portfolio management. The editors conclude the volume with a study of recent German and UK reforms and their effects on personal savings.
650			_apension scheme _92679
650			_apension reforms _96923
650			_apension strategies _96931
651			_aEurope _920
651			_aUSA _93527
942			_cANTH _2ddc