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Reforming PensionsPrinciples and Policy Choices$
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Nicholas Barr and Peter Diamond

Print publication date: 2008

Print ISBN-13: 9780195311303

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780195311303.001.0001

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The Basic Economics of Pensions

The Basic Economics of Pensions

Chapter:
(p.45) 4 The Basic Economics of Pensions
Source:
Reforming Pensions
Author(s):

Nicholas Barr (Contributor Webpage)

Peter Diamond (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195311303.003.0004

The setting for the analysis of pensions includes the central role of output, and the facts that imperfect consumer information and decision making are widespread, pension systems face large risks, including economic, demographic, and political risks, and potentially administrative costs can be very high.

Keywords:   demographic risk, economic risk, imperfect consumer decision making, imperfect consumer information, pension system, pensions, political risk

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