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Annuity markets and pension reform /
This book treats two vital but neglected public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eli...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge ; New York :
Cambridge University Press,
2006.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Half-title; Title; Copyright; Dedication; Contents; List of Tables; Acknowledgments; Introduction; Annuities Ancient And Modern; Renaissance; A Guide To The Book; Chapter Outline; 1 The Demand Side of the Annuity Market; 2 The Supply Side of the Annuity Market; 3 The Regulation of Annuity Providers; 4 Experience with Individual Account Reforms; 5 Individual Liberty versus Security in Retirement, and the Government's Role; 6 Policy Issues with both Public and Private Sector Provision of Mandatory Annuities; 7 Policy Issues with Privatization of the Provision of Annuities.
- 8 Conclusions and RecommendationsAppendix 1: The Economics and Financing of Annuities; Introduction; A Two-Period Model; Bequests, Lumpy Expenditure, And Other Complications; The Cost And Funding Of Annuities; Relaxing The Assumptions; Adverse Selection; An Aside On The Timing Of Annuitization; The Insurance Value Of Annuities; Appendix 2: Aging and its Impact on Pension Systems; A Parable; Real World Aging Problems; Macroeconomic Aspects Of An Individual Accounts Reform; Glossary; References; Index.