Forced Saving
Mandating Private Retirement Incomes

This wide-ranging analysis, first published in 2001, compares and contrasts the mandatory pension policies of countries around the globe.

Hazel Bateman (Author), Geoffrey Kingston (Author), John Piggott (Author)

9780521484718, Cambridge University Press

Paperback, published 20 November 2001

270 pages, 28 b/w illus. 48 tables
22.9 x 15.2 x 1.5 cm, 0.4 kg

"...an insightful discussion...the book is a comprehensive investigation of the provision of retirement income." Industrial and Labor Relations Review

Forced Saving, first published in 2001, offers an analysis of pension policy from an economic perspective. It begins with an overview of the problem of population ageing around the world, and then provides a framework within which policy responses may be consistently assessed. It focuses on the 'mandating' approach to retirement income policy, in which governments are compelling individuals - or their employers - to take on this responsibility, at least in part. The role of government becomes limited to one of mandating contributions from wages, along with regulating private fund managers to a greater or lesser extent. The authors explore the implications of introducing such a policy reform. They argue that while there is no universal agreement on the relative costs and benefits of this policy approach, there are often some advantages to moving at least some distance down the mandating path.

1. Introduction
2. Work and saving over the life cycle
3. Saving for retirement
4. Financial risks over the life cycle
5. Retirement income streams
6. Taxation of retirement saving
7. Administrative costs and charges
8. Conclusion
Appendix A1. Mandatory retirement saving in Australia
Annex A1. Chronology of retirement income policy in Australia
Appendix 2. International comparisons of private mandatory retirement saving.

Subject Areas: Political economy [KCP], International finance [KCLF], Politics & government [JP], Biography: historical, political & military [BGH]