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Pension FundsRetirement-Income Security and Capital Markets: An International Perspective$
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E. Philip Davis

Print publication date: 1998

Print ISBN-13: 9780198293040

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780198293040.001.0001

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An Overview of the Economic Issues

An Overview of the Economic Issues

Chapter:
(p.5) 1 An Overview of the Economic Issues
Source:
Pension Funds
Author(s):

E. Philip Davis

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198293040.003.0002

Pension funds are among the most important institutions in certain national markets. They are usually sponsored by non-financial companies, which collect and invest funds on a pooled basis for eventual payments to members in the form of pensions. This chapter introduces the main economic issues that concern pension funds. It provides definitions and general attributes of pension funds, develops the economic view of pensions funds as retirement-income insurance, evaluates how pension funds relate to saving, explores how the labour market is affected, examines the adequacy of retirement income, and considers the link between pension funds and various aspects of finance.

Keywords:   pension funds, pensions, retirement-income insurance, saving, labour market, retirement income, finance

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