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Pension Reform
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Pension Reform: A Short Guide

Nicholas Barr and Peter Diamond

Abstract

Mandatory pension systems are a worldwide phenomenon. Many need reform. This book, a summary of a longer book, sets out an extensive but nontechnical explanation of the economics of pension design. The book recognizes the multiple objectives of pension plans: consumption smoothing, insurance, poverty relief, and redistribution. Analysis includes discussion of labor markets, capital markets, risk sharing, and gender and family. This is supplemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to China and Chile.

Keywords: aging crisis, annuities, defined-benefit pensions, defined-contribution pensions, demographic change, pension design, insurance, pension systems, retirement, social security

Bibliographic Information

Print publication date: 2009 Print ISBN-13: 9780195387728
Published to Oxford Scholarship Online: September 2010 DOI:10.1093/acprof:oso/9780195387728.001.0001

Authors

Affiliations are at time of print publication.

Nicholas Barr, author
Author Webpage

Peter Diamond, author
Author Webpage

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