{"product_id":"rethinking-pension-reform-hardback-9780521834117","title":"Rethinking Pension Reform (Hardback) 9780521834117","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRethinking Pension Reform\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis book presents perspectives on managing pension funds and clarifies the international debate on social security.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eFranco Modigliani (Author), Arun Muralidhar (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521834117, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 2 August 2004\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e266 pages, 39 tables\u003cbr\u003e22.9 x 15.2 x 1.9 cm, 0.52 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'… makes a significant contribution to the growing literature on public pension reform … valuable theoretical lessons for pension reformers of all stripes … The authors' approach is imaginative and their economic analysis, as expected, is first-rate … Rethinking Pension Reform represents a significant contribution to the continuing debate over public pension reform, and it constitutes a fitting legacy for its distinguished co-author.' Journal of Pension, Economics, and Finance\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security. The authors establish the basic choices in designating any system to help policy makers develop the system that achieves their many objectives. They examine reforms in Latin America to highlight flaws and to estimate the true cost of these reforms and factors affecting these costs. The authors then discuss how the United States and Spain can implement robust systems incorporating many of the ideal features. The success of reforms depends on financial innovation to mitigate key risks and some innovations are discussed, which also demonstrates how pension reform choices affect the achievement of retirement objectives.  Finally, the authors examine some proposed hybrid options to show how the beneficial features of these hybrids can be captured through good design in a single fund.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. A primer on pension reform issues\u003cbr\u003e 2. A taxonomy of pension reform issues\u003cbr\u003e 3. Evaluation of pension reforms\u003cbr\u003e 4. Welfare costs defined contribution schemes\u003cbr\u003e 5. The transition from PAYGO to funding with a common portfolio: application to the United States\u003cbr\u003e 6. Social security reform in Spain\u003cbr\u003e 7. The 'two pension fund' theorem\u003cbr\u003e 8. The case for mixed systems and variable contributions: improving the performance of pension systems.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Pensions [\u003ca title=\"See our other books on Pensions\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Pensions%20%5BKFFP%5D%22\"\u003eKFFP\u003c\/a\u003e], Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e], Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e], Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005715665176,"sku":"9780521834117","price":95.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521834117i_1b8ac25f-1e97-4912-bd6d-f6f55fa45f92.jpg?v=1691368523","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/rethinking-pension-reform-hardback-9780521834117","provider":"Freshly Printed Books","version":"1.0","type":"link"}