The future of multi-pillar pensions / edited by Lans Bovenberg, Casper van Ewijk, Ed Westerhout.

Format:

Book

Contributor:

Bovenberg, Lans, editor.

Ewijk, Casper van, editor.

Westerhout, E. W. M. T., editor.

Language:

English

Subjects (All):

Pensions--Finance.

Pensions.

Pension trusts--Investments.

Pension trusts.

Pension trusts--Netherlands--Case studies.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (xii, 421 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2012.

Language Note:

English

Summary:

Pension systems are under serious pressure worldwide. This pressure stems not only from the well-known trend of population aging, but also from those of increasing heterogeneity of the population and increasing labour mobility. The current economic crisis has aggravated these problems, thereby exposing the vulnerability of many pension schemes to macroeconomic shocks. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It adopts an integral perspective and asks how the pension system as a whole contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. It focuses on the optimal balance between the various pension pillars and on the optimal design of each of the schemes. It sketches a number of economic trade-offs, showing that countries may opt for different pension schemes depending on how they react to these trade-offs.

Contents:

Introduction / Ed Westerhout

Population ageing and financial and social sustainability challenges of pension systems in Europe : a cross-national perspective / Asghar Zaidi

The World Bank's pension policy framework and the Dutch pension system: a paradigm for the multi-pillar design? / Richard Hinz

Credit crisis and pensions : international scope / Nicholas Barr

Designing the pension system : conceptual framework / Lans Bovenberg and Casper van Ewijk

Private versus public risk sharing : should governments provide reinsurance? / Henning Bohn

The redistribution of macroeconomic risks by Dutch institutions / Leon Bettendorf and Thijs Knaap

The consequences of indexed debt for welfare and funding ratios in the Dutch pension system / Roel Beetsma and Alessandro Bucciol

Rational pensions for irrational people : behavioral science lessons for the Netherlands / Zvi Bodie and Henriëtte Prast

Opportunities for improving pension wealth decumulation in the Netherlands / Jeffrey Brown and Theo Nijman

The future of multi-pillar pension systems / Lans Bovenberg and Casper van Ewijk.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-23169-8

1-139-50832-6

1-280-77458-4

1-139-13614-3

9786613684950

1-139-51796-1

1-139-51538-1

1-139-51446-6

1-139-51703-1

1-139-51889-5

OCLC:

795895652