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How To Pool Risks Across Generations
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Book Synopsis How to Pool Risks Across Generations by : Michael Otsuka
Download or read book How to Pool Risks Across Generations written by Michael Otsuka and published by Oxford University Press. This book was released on 2023-05-28 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Pool Risks across Generations makes the case for the collective provision of pensions, on fair terms of social cooperation. Through the insurance of a mutual association which extends across society and over multiple generations, we share one another's fates by pooling risks across both space and time. Resources are transferred, not simply between different people, but also within the possible future lives of each person: from one's more fortunate to one's less fortunate future selves. The book opens with an investigation of the longevity and investment risk that even a single individual on a desert island would face in providing for her old age. From this atomistic starting point, it builds up, within and across the chapters, to increasingly collective forms of pension provision. By joining together, it is possible to tame the risks we would face as individuals each with our own private pension pot. A collective pension can be justified as a 'social union of social unions': an enduring corporate body, which is formed by agreements to pool risks, in a manner that involves reciprocity between the various individuals that constitute the collective. Even though all individuals age and die, a collective pension scheme remains evergreen, as the average age of members remains relatively unchanged, through the influx of new members to replace those who retire. It is therefore possible to smooth risks indefinitely across as well as within generations, to the mutual advantage of each.
Book Synopsis Macroeconomics, second edition by : Alan J. Auerbach
Download or read book Macroeconomics, second edition written by Alan J. Auerbach and published by MIT Press. This book was released on 1998-07-31 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework—the two-period life-cycle model—to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets. Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.
Book Synopsis Macroeconomics by : Alan J. Auerbach
Download or read book Macroeconomics written by Alan J. Auerbach and published by MIT Press. This book was released on 1998 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework--the two-period life-cycle model--to explore and connect each of the major issues in contemporary macroeconomics.
Book Synopsis Proceedings of the British Academy, Volume 131, 2004 Lectures by : Professor P.J. Marshall, CBE, FBA
Download or read book Proceedings of the British Academy, Volume 131, 2004 Lectures written by Professor P.J. Marshall, CBE, FBA and published by Oxford University Press. This book was released on 2005-12-22 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: The topical issues debated in this volume include the patenting of AIDS drugs, the future pensions crisis, Britain's universities, and Pan-Islam.There are studies of Shakespeare, Pope, Montaigne, Robert Graves, and William Faulkner. And there are lectures on the Inquisition, empires in history, and the journey towards spiritual fulfilment.
Book Synopsis How to Pool Risks Across Generations by : Michael Otsuka
Download or read book How to Pool Risks Across Generations written by Michael Otsuka and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Pool Risks across Generations makes the case for the collective provision of pensions, on fair terms of social cooperation. Through the insurance of a mutual association which extends across society and over multiple generations, we share one another's fates by pooling risks across both space and time.
Book Synopsis Straight Shooting on Social Security by : United States. Congress. Senate. Special Committee on Aging
Download or read book Straight Shooting on Social Security written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 2002 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Social Security written by and published by CBO Publ Services. This book was released on 2001 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This primer on Social Security describes the elements of the program that are most relevant to the current debate about Social Security's future. It examines the demographic patterns that are causing the graying of the U.S. population and looks at several strategies that have been proposed for preparing for that aging population. The primer emphasizes the economic and budgetary aspects of Social Security -- particularly, how changes to the program might affect the nation's ability to deal with its impending demographic shift. Appendices: the economic effects of having the government issue debt to finance investments in the stock market; and proposals for private accounts in the 106th Congress.
Book Synopsis Economic Policy for Aging Societies by : Horst Siebert
Download or read book Economic Policy for Aging Societies written by Horst Siebert and published by Springer Science & Business Media. This book was released on 2002-08-02 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, economists discuss the long-run consequences of aging societies. Using theoretical economic models, long-term projections and simulations, and econometric analysis, answers to the following questions are given: What are the economic consequences for consumption patterns, the supply of labor, capital accumulation, productivity, and the international flow of capital? Where are the political consequences for pension systems, health care and immigration policy? And what changes in politics are needed to handle the issues of populations that age markedly?
Book Synopsis Generational Policy by : Laurence J. Kotlikoff
Download or read book Generational Policy written by Laurence J. Kotlikoff and published by MIT Press. This book was released on 2003-11-07 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: How generational policy affects the sustainability of a government's fiscal policy. In these eight 2002 Cairoli Lectures, presented at the Universidad Torcuato di Tella in Buenos Aires, Argentina, Laurence Kotlikoff shows how generational policy works, how it is measured, and how much it matters. Kotlikoff discusses the incidence and measurement of generational policy, the relationship of generational policy to monetary policy, and the vacuity of deficits, taxes, and transfer payments as economic measures of fiscal policy. Kotlikoff also illustrates generational policy's general equilibrium effects with a dynamic life-cycle simulation model and reviews the empirical evidence testing intergenerational altruism and risk sharing. The lectures were delivered as Argentina faced a devastating depression triggered, in large part, by unsustainable generational policy. Throughout the book, Kotlikoff connects his messages about generational policy to the Argentine situation and the Argentine government's policy mistakes.
Book Synopsis OECD Pensions Outlook 2020 by : OECD
Download or read book OECD Pensions Outlook 2020 written by OECD and published by OECD Publishing. This book was released on 2020-12-07 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2020 edition of the OECD Pensions Outlook examines a series of policy options to help governments improve the sustainability and resilience of pension systems.
Book Synopsis Tax Policy and the Economy by : James M. Poterba
Download or read book Tax Policy and the Economy written by James M. Poterba and published by MIT Press. This book was released on 1996 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Tax Policy and the Economy series presents new research bearing on the economic effects of taxation on economic performance and analyzing the effects of potential tax reforms. Research results are presented in a timely and accessible fashion and will be of interest to tax practioners and those involved in formulating tax policy.
Book Synopsis Principles of Health Economics for Developing Countries by : William Jack
Download or read book Principles of Health Economics for Developing Countries written by William Jack and published by World Bank Publications. This book was released on 1999-01-01 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries present health economists with an array of situations and circumstances not seen in developed countries. This book explores those characteristics particular to developing countries.
Book Synopsis Selfish Generations? by : David Thomson
Download or read book Selfish Generations? written by David Thomson and published by Bridget Williams Books. This book was released on 2015-12-23 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Our present welfare state has little good reason to survive much longer, and we will have to find a new basis for its continued existence.’ So writes David Thomson as he offers an unflinching perspective on how different generations have fared under the social welfare policies of governments since the 1930s. Selfish Generations? is a critical and unsentimental analysis of a key political issue, and the questions it raises about support for the young and old, and about health, education and housing policy, are exactly those facing politicians and social welfare policy developers today.
Book Synopsis Mainstreaming Ageing by : Asghar Zaidi
Download or read book Mainstreaming Ageing written by Asghar Zaidi and published by Routledge. This book was released on 2017-09-29 with total page 682 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Madrid International Plan of Action on Ageing (MIPAA), adopted at the Second World Assembly on Ageing, is the first international agreement that specifically recognises the potential of older people to contribute to the development of their societies. In monitoring its implementation two key approaches are evident: a qualitative bottom-up participatory approach and an approach that uses quantitative indicators to monitor sustainable progress and policies. With the European Centre for Social Welfare Policy and Research, playing a pivotal role in the monitoring of the implementation process, one of its key tasks has been to develop a list of 'indicators of achievement'. This book contains extended and revised versions of policy briefs and background papers that support the implementation monitoring process. The analyses included in these chapters make concrete suggestions towards quantitative indicators, with the aim of assisting national governments in mainstreaming ageing in their policies. The contributors provide an overview of the current situation with respect to population ageing and its consequences and also provide projections for the future. The book also includes the final list of quantitative indicators that arose out of consultations with international experts, related to the four main topics addressed: demography, income and wealth, labour market participation, and social protection and financial sustainability.
Book Synopsis Ethics and the Life of Faith by : Göran Möller
Download or read book Ethics and the Life of Faith written by Göran Möller and published by Peeters Publishers. This book was released on 1998 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can someone, committed to a Christian view of life, reason concerning ethical issues ? That is the main question of this book, which seeks to contribute to an understanding of morality as a human phenomenon. A central question in this respect is how it is possible to understand human beings as persons having free will and moral responsibility. It emerges from the analysis that Christian faith contributes to ethics in three different ways: first, it provides a perspective on human life and its setting, second, it offers an understanding of human beings as personal subjects, while, third, the Christian tradition supplies us with edifying narratives containing patterns of good human life. In the final chapter, one particular case of applied ethics is analysed: How should the acceptable level of accidental death within a given context be established ?
Book Synopsis Well-Being of Older People in Ageing Societies by : Asghar Zaidi
Download or read book Well-Being of Older People in Ageing Societies written by Asghar Zaidi and published by Routledge. This book was released on 2017-10-24 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Well-Being of Older People in Ageing Societies poses answers to the question of how we can measure and conceptualize the well-being of older people. It focuses on the future research agenda and policy reforms that will be necessary to maintain a decent well-being for older people, given the context of our ageing populations. This book draws on longitudinal datasets and empirical research on the multidimensional measures of older people’s welfare, providing a comparative analysis of social assistance and pensions for older people in the UK and The Netherlands. This title will be essential reading to anyone with an interest in gerontology and the effect society, public policy and governance can have on the welfare of older people.
Book Synopsis Public Finance and Public Policy in the New Century by : Sijbren Cnossen
Download or read book Public Finance and Public Policy in the New Century written by Sijbren Cnossen and published by MIT Press. This book was released on 2003 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 16 essays in this book were written to celebrate the 90th birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father of modern public economics. He belongs to the intellectual tradition that views government as an instrument that can be used to correct market failure and to establish the society that people want. Although his work fits within the individualistic framework of modern economics, he also draws on principles of moral philosophy.
