Pension funds: retirement-income security and capital markets : an international perspective
Coping with the aging of the population without economic disruption is undoubtedly one of the major challenges facing the global economy and world financial markets both now and for the coming decades. In this context, this book assesses the major economic issues raised by occupational pension funds, as they have arisen in 12 OECD countries; the US, the UK, Germany, Japan, France, Italy, Canada, Australia, Denmark, Sweden, Switzerland, and the Netherlands, as well as in Chile and Singapore. Particular emphasis is placed on the performance of funds in financial markets, the influence on funds of fiscal and regulatory conditions, and the consequences of funds' development for capital markets, corporate finance and international investment. The relationship with social security, the comparative advantages of defined benefit and defined contribution funds and the role of funds in developing countries are also examined in detail.
What people are saying - Write a review
We haven't found any reviews in the usual places.
THE ECONOMICS OF SOCIALSECURITY PENSIONS
THE STRUCTURE OF PENSION PROVISION
3 Pension Provision in Twelve Countries
14 other sections not shown
Other editions - View all
actuarial adverse selection annuities asset returns Australia average earnings banks behaviour bonds CALPERS Canada capital markets Chapter compulsory corporate costs countries coverage currency debt defined contribution defined-benefit funds defined-benefit pension defined-benefit plans defined-contribution funds defined-contribution plans Denmark discussed diversification domestic earnings-related economic effect employees ensure equity example firms foreign assets fund managers future Germany given global growth hedging hence holdings incentives income increase indexation inflation interest rates international investment issues Japan labour ldcs liabilities limited liquidity loans long-term ment moral hazard Netherlands noted OECD offer offset outlined pay-as-you-go pension funds pension scheme personal pensions portfolio distributions principal-agent problems private pensions problems real returns reduce relative replacement ratio retirement retirement-income risk role saving Section sector share shareholders shift social security social-security pensions sponsor strategies structure suggests Sweden Switzerland Table take-over taxation tend unfunded vesting volatility wages workers