Essentials of Pension Economics
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Beschreibung
This Palgrave Pivot provides a concise overview of pension systems which, whether paid by governments or by private companies, are the sole source of income for millions of people around the world. By 2050, two billion elderly people will have to be ensured some form of income while, at the same time, the prospect facing younger generations is of a gloomy future. This book breaks down the jargon, investigates different designs and analyses these designs' effects on financial sustainability, their adequacy when it comes to level and replacement rates, and their effects on intra- and inter-generational distribution. The author provides also an overview of the historical, demographic and political issues connected with the pension debate.
This book will be of interest to students and academics, and professionals involved in the pensions industry.
This Palgrave Pivot provides a concise overview of pension systems which, whether paid by governments or by private companies, are the sole source of income for millions of people around the world. By 2050, two billion elderly people will have to be ensured some form of income while, at the same time, the prospect facing younger generations is of a gloomy future. This book breaks down the jargon, investigates different designs and analyses these designs' effects on financial sustainability, their adequacy when it comes to level and replacement rates, and their effects on intra- and inter-generational distribution. The author provides also an overview of the historical, demographic and political issues connected with the pension debate.
This book will be of interest to students and academics, and professionals involved in the pensions industry.
Written by a leading expert in the field Fills the gap between public economics textbooks and textbooks that address pensions in a more comprehensive manner Presents a concise and up to date overview of the pension system
Autor*in
Sergio Nisticò
Themen in »Essentials of Pension Economics«
Pension systems old-age dependency ratio defined-contribution defined-benefit earnings-related pensions life-expectancy annuity divisors Notional Defined Contribution (NDC) schemes pension benefits vintage pensions pension annuity