Pensions in the American Economy

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Publisher : University of Chicago Press
ISBN 13 : 0226451488
Total Pages : 488 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Pensions in the American Economy by : Laurence J. Kotlikoff

Download or read book Pensions in the American Economy written by Laurence J. Kotlikoff and published by University of Chicago Press. This book was released on 2008-04-15 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: For anyone with an interest in pensions—workers and employers, personnel directors, accountants, actuaries, lawyers, insurance agents, financial analysts, government officials, and social scientists—this book is required reading. Now, without the aid of a pension specialist, anyone can determine how their particular pension plan stacks up against the average. Using virtually all available government sources (including computerized data unavailable in print) and their own extensive surveys, the authors present a comprehensive description of the structural features and financial conditions of U.S. private, state, city, and municipal pension plans. The introductions to the hundreds of tables explain and highlight the information. The picture that emerges of the "typical" plan and its significant variations is crucial to all those with a financial stake in pensions. The reader can compare pension vesting, retirement, and benefit provisions by plan type, plan size, industry, union status, and many more characteristics. With this information, workers can evaluate just how generous their employer is; job applicants can compare fringe benefits of prospective employers; personnel directors can judge their competitive edge. The financial community will find especially interesting the analysis of the unfunded liabilities of private, state, and local pension funds. The investment decisions of private and public pension funds and their return performances are described as well. Government officials and social scientists will find the analysis of pension coverage, the receipt of pension income by the elderly, cost-of-living adjustments, and disability insurance of special importance in evaluating the proper degree of public intervention in the area of old age income support. Pensions in the American Economy is comprehensive and easy to use. Every reader, from small-business owners and civil servants to pension fund specialists, will find in it essential information about this increasingly important part of labor compensation and retirement finances.

Pensions in the U.S. Economy

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Publisher : University of Chicago Press
ISBN 13 : 0226062910
Total Pages : 214 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis Pensions in the U.S. Economy by : Zvi Bodie

Download or read book Pensions in the U.S. Economy written by Zvi Bodie and published by University of Chicago Press. This book was released on 2008-04-15 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pensions in the U.S. Economy is the fourth in a series on pensions from the National Bureau of Economic Research. For both economists and policymakers, this volume makes a valuable contribution to current research on pensions and the economics of the elderly. The contributors report on retirement saving of individuals and the saving that results from corporate funding of pension plans, and they examine particular aspects of the plans themselves from the employee's point of view. Steven F. Venti and David A. Wise offer a careful analysis of who contributes to IRAs and why. Benjamin M. Friedman and Mark Warshawsky look at the reasons more retirement saving is not used to purchase annuities. Personal saving through pension contribution is discussed by B. Douglas Bernheim and John B. Shoven in the context of recent government and corporate pension funding changes. Michael J. Boskin and John B. Shoven analyze indicators of the economic well-being of the elderly, addressing the problem of why a large fraction of the elderly remain poor despite a general improvement in the economic status of the group as a whole. The relative merits of defined contribution versus defined benefit plans, with emphasis on the risk aspects of the two types of plans for the individual, are examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the final paper, pension plans and worker turnover are the focus of the discussion by Edward P. Lazear and Robert L. Moore, who propose pension option value rather than the commonly used accrued pension wealth as a measure of pension value.

A History of Public Sector Pensions in the United States

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Publisher : University of Pennsylvania Press
ISBN 13 : 9780812237146
Total Pages : 280 pages
Book Rating : 4.2/5 (371 download)

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Book Synopsis A History of Public Sector Pensions in the United States by : Robert Louis Clark

Download or read book A History of Public Sector Pensions in the United States written by Robert Louis Clark and published by University of Pennsylvania Press. This book was released on 2003-05-12 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until the emergence of modern retirement plans in the twentieth century.

Public Pensions, Capital Formation, And Economic Growth

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Author :
Publisher : Routledge
ISBN 13 : 1000308677
Total Pages : 184 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Public Pensions, Capital Formation, And Economic Growth by : Miltiadis Nektarios

Download or read book Public Pensions, Capital Formation, And Economic Growth written by Miltiadis Nektarios and published by Routledge. This book was released on 2019-09-16 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dr. Nektarios examines the principles and criteria under lying public pension programs and assesses the effect of these programs on general economic growth. He begins by discussing the economic rationale of public pensions, then analyzes the influence of economic and demographic variables on the cost of a pension program and the effects of public pension systems on aggregate levels of income and capital stock. Suggesting that Feldstein's social security wealth(SSW) variable overestimates the amount of wealth generated by public pensions, Dr. Nektarios constructs a new SSW variable and uses it to estimate the impact of the u.s. Old Age and Survivors Insurance(OASI) program on capital formation and economic growth in the U.S. economy. The results of his econometric analysis suggest that operation of the OASI program has reduced capital formation by 10to 14 percent.

The Role and Effect of Private Pensions in the American Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (148 download)

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Book Synopsis The Role and Effect of Private Pensions in the American Economy by : Gerald Everett Thompson

Download or read book The Role and Effect of Private Pensions in the American Economy written by Gerald Everett Thompson and published by . This book was released on 1953 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Evolution of Retirement

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Publisher : University of Chicago Press
ISBN 13 : 9780226116082
Total Pages : 260 pages
Book Rating : 4.1/5 (16 download)

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Book Synopsis The Evolution of Retirement by : Dora L. Costa

Download or read book The Evolution of Retirement written by Dora L. Costa and published by University of Chicago Press. This book was released on 1998-06-22 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Evolution of Retirement is the first comprehensive economic history of retirement in America. With life expectancies steadily increasing, the retirement rate of men over age 64 has risen drastically. Dora L. Costa looks at factors underlying this increase and shows the dramatic implications of her findings for both the general public and the U.S. government. Costa argues that the rise of retirement is the result of a culmination of historical trends initiated more than a century ago, not the consequence of abrupt social or institutional change. She attributes much of the long-term increase in retirement rates to steadily rising income, but argues that increased income is not the sole explanation. Over the course of this century, men's retirement decision has become less sensitive to increases or decreases in income, perhaps because retirement has become a time of discovery and personal fulfillment, rather than a time of withdrawal from activities and dependence on family. Using statistical and demographic concepts, Costa explains trends in retirement data. Her examination sheds light on such important topics as rising incomes and retirement, work and disease, the job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions, and politics. She concludes with a look into the future and further evolution of retirement, addressing perhaps the most vexing problem of retirement policy, the impact of the aging Baby Boom generation on the Social Security System.

The Unseen Revolution

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Publisher : Elsevier
ISBN 13 : 1483221059
Total Pages : 223 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis The Unseen Revolution by : Peter F. Drucker

Download or read book The Unseen Revolution written by Peter F. Drucker and published by Elsevier. This book was released on 2013-09-11 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Unseen Revolution: How Pension Fund Socialism Came to America covers the principles and concepts of the American pension fund socialism. This book is composed of five chapters, and begins with the history and developments of pension fund socialism in the United States. The next chapter deals with the fundamental problems of economic structure, policy, and, as well as the problems of authority, legitimacy, and control of the so-called Social Security. The discussion then shifts to involved social institutions and issues, along with the political lessons and issues of pension fund socialism. The last chapter considers the American politics realignments and readjustments.

The Evolution of Retirement

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Publisher : University of Chicago Press
ISBN 13 : 0226116220
Total Pages : 252 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis The Evolution of Retirement by : Dora L. Costa

Download or read book The Evolution of Retirement written by Dora L. Costa and published by University of Chicago Press. This book was released on 2008-04-15 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the 1998 Paul A. Samuelson Award given by TIAA-CREF, The Evolution of Retirement is the first comprehensive economic history of retirement in America. With life expectancies steadily increasing, the retirement rate of men over age 64 has risen drastically. Dora L. Costa looks at factors underlying this increase and shows the dramatic implications of her findings for both the general public and the U.S. government. Using statistical, and demographic concepts, Costa sheds light on such important topics as rising incomes and retirement, work and disease, the job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions and politics. "[Costa's] major contribution is to show that, even without Social Security and Medicare, retirement would have expanded dramatically."—Robert J. Samuelson, New Republic "An important book on a topic which has become popular with historians and is of major significance to politicians and economists."—Margaret Walsh, Business History

Private Pension Plans

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Publisher :
ISBN 13 :
Total Pages : 544 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Private Pension Plans by : United States. Congress. Joint Economic Committee. Subcommittee on Fiscal Policy

Download or read book Private Pension Plans written by United States. Congress. Joint Economic Committee. Subcommittee on Fiscal Policy and published by . This book was released on 1966 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers need for Federal regulation of management of private pension programs.

Pensions and the Economy

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Publisher : University of Pennsylvania Press
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Pensions and the Economy by : Zvi Bodie

Download or read book Pensions and the Economy written by Zvi Bodie and published by University of Pennsylvania Press. This book was released on 1992 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Six papers--with additional commentary--presented at the March 1990 Wharton School Pension Research Council Spring Conference in Philadelphia. In the first five chapters, the contributors focus on the major ways in which pensions affect the US economy. The sixth chapter explores the international experience. Annotation copyrighted by Book News, Inc., Portland, OR

Promoting and Expanding Pensions for American Workers

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Publisher :
ISBN 13 :
Total Pages : 458 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Promoting and Expanding Pensions for American Workers by : United States. Congress. House. Committee on Economic and Educational Opportunities. Subcommittee on Employer-Employee Relations

Download or read book Promoting and Expanding Pensions for American Workers written by United States. Congress. House. Committee on Economic and Educational Opportunities. Subcommittee on Employer-Employee Relations and published by . This book was released on 1996 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Labor's Capital

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Publisher : MIT Press
ISBN 13 : 9780262071390
Total Pages : 244 pages
Book Rating : 4.0/5 (713 download)

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Book Synopsis Labor's Capital by : Teresa Ghilarducci

Download or read book Labor's Capital written by Teresa Ghilarducci and published by MIT Press. This book was released on 1992 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This examination of the 120-year-old American system of privatized social insurance reveals that the system fails to provide adequate retirement income security, its most prominent goal, and, in fact, its greatest influence is in supplying funds to U.S. capital markets.

Economic Challenges of Pension Systems

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Publisher : Springer Nature
ISBN 13 : 3030379124
Total Pages : 487 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Economic Challenges of Pension Systems by : Marta Peris-Ortiz

Download or read book Economic Challenges of Pension Systems written by Marta Peris-Ortiz and published by Springer Nature. This book was released on 2020-03-20 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of many major governments in the world. International organizations such as the World Bank and the OECD warn that the economic changes driven by an aging society negatively affects the sustainability of pension systems. This book analyzes different global public pension systems to offer policies, methods and tools for sustainable public pensions. Real case studies from France, Sweden, Latin America, Algeria, USA and Mexico are featured.

Pension Strategies in Europe and the United States

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Publisher : MIT Press
ISBN 13 : 0262062720
Total Pages : 311 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Pension Strategies in Europe and the United States by : Robert Fenge

Download or read book Pension Strategies in Europe and the United States written by Robert Fenge and published by MIT Press. This book was released on 2008 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demographic realities will soon force developed countries to find ways to pay for longer retirements for more people. In Pension Strategies in Europe and the United States, leading economists analyze topical issues in pension policy, with a focus on raising the retirement age, increasing retirement savings, and the political sustainability of reforms that will accomplish these goals. After a substantive and wide-ranging introduction by the editors that weaves together the demographic and economic strands of the story, the chapters present cutting-edge research, offering both theoretical and empirical analyses. Contributors examine such topics as the reform of key structural features of existing pay-as-you-go (PAYG) pension systems, analyzing how benefits should vary with the age of retirement, labor supply elasticity after France's 1993 pension reform, and fiscal response to a demographic shock; the feasibility of PAYG reforms in the United States and the competition among state pension systems that results from labor mobility in Europe; and private, funded systems (increasingly perceived as necessary adjuncts to PAYG systems) in the UK, the US, and the Netherlands, and in terms of individual portfolio management. The editors conclude the volume with a study of recent German and UK reforms and their effects on personal savings.ContributorsTheodore C. Bergstrom, A. Lans Bovenberg, Antoine Bozio, Woojen Chung, Juan C. Conesa, Gabrielle Demange, Richard Disney, Carl Emmerson, Robert Fenge, Luisa Fuster, Carlos Garriga, Christian Gollier, John L. Hartman, Ayse Imrohoroglu, Selahattin Imrohoroglu, Thijs Knaap, Georges de Ménil, Pierre Pestieau, Eytan Sheshinski, Matthew WakefieldRobert Fenge is Senior Research Fellow at the Ifo Institute for Economic Research and Assistant Professor of Economics at the University of Munich. Georges de Ménil is Professor of Economics at École des Hautes Études en Sciences Sociales (EHESS), Paris. Pierre Pestieau is Professor of Economics at the University of Liège. Fenge and Pestieau are coauthors of Social Security and Early Retirement (MIT Press, 2005).

Pensions in the Public Sector

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Publisher : University of Pennsylvania Press
ISBN 13 : 9780812235784
Total Pages : 692 pages
Book Rating : 4.2/5 (357 download)

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Book Synopsis Pensions in the Public Sector by : Olivia S. Mitchell

Download or read book Pensions in the Public Sector written by Olivia S. Mitchell and published by University of Pennsylvania Press. This book was released on 2001 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Pension Research Council of the Wharton School, this book explores the diversity of governmental pension plans and investigates how these financial institutions must change in years to come.

Lessons from Pension Reform in the Americas

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Publisher : Oxford University Press
ISBN 13 : 0199226806
Total Pages : 446 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Lessons from Pension Reform in the Americas by : Stephen J. Kay

Download or read book Lessons from Pension Reform in the Americas written by Stephen J. Kay and published by Oxford University Press. This book was released on 2008 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America has seen a host of pathbreaking pension reforms, including privatizations that have served as examples for governments throughout the world. Addressing pressing policy issues and highlighting a broad range of country experiences, this book provides an unparalleled account of the lessons from pension reform in North and South America

When I'm Sixty-Four

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Publisher : Princeton University Press
ISBN 13 : 069117802X
Total Pages : 386 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis When I'm Sixty-Four by : Teresa Ghilarducci

Download or read book When I'm Sixty-Four written by Teresa Ghilarducci and published by Princeton University Press. This book was released on 2017-10-31 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crisis is looming for baby boomers and anyone else who hopes to retire in the coming years. In When I'm Sixty-Four, Teresa Ghilarducci, the nation's leading authority on the economics of retirement, explains how to confront this crisis head-on, revealing the causes behind the increasingly precarious economics of old age in America and proposing a bold plan to guarantee retirement security for every working citizen. Retirement is one of the hallmarks of a prosperous, civilized market economy. Yet in America today Social Security is on the ropes. Government and employers are dismantling pension security, forcing older people to work longer. The federal government spends billions in exemptions for 401(k)s and other voluntary retirement accounts, yet retirement savings for most workers is falling. Ghilarducci takes an unflinching look at the eroding economic structure of retirement in America--and what she finds is alarming. She exposes the failures of pension regulators and the false hopes of privatized Social Security. She tells the ugly truth about risky 401(k) plans, do-it-yourself retirement schemes, and companies like Enron that have left employees without any retirement savings. Ghilarducci puts forward a sweeping plan to revive the retirement-income system, a plan that will ensure that, after forty years of work, every American will receive 70 percent of their preretirement earnings, guaranteed for life. No other book makes such a persuasive case for overhauling the pension and Social Security system in order to provide older Americans with the financial stability they have earned and deserve.