Bøger i Pensions Research Council serien

Public pensions are often the subject of 'pension envy', as their benefits might seem more generous and contributions lower than those in the private sector. This book shows that such judgments are often inaccurate, and reflects a vigorous debate amongst academics and professionals as they seek to define a new future for public retirement systems.

As Baby Boomers make the transition into their 60s, they have focused policymakers and the media's attention onto how they will manage the retirement phase of its lifetime. This volume acknowledges that many, though not all, in this older cohort have accumulated substantial assets, so for them, the question is what will they do with what they have?

As it becomes increasingly important to evaluate the risks and opportunities presented by an aging population, this book discusses products that manage longevity risk, the structure and safety of these products, and how policy can stimulate and strengthen them, within both emerging and older economies.

This book higlights the importance of retirement security as a major policy concern of our time. A generation of 'Baby Boomers' is on the verge of retirement, yet pension systems confront crushing challenges, and governments often appear confused about which direction they should move in.

Explores the assumptions behind theories of retirement decision-making. This book examines the implications of behavioral finance research for pensions and retirement studies. It is of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators.

The book offers new ways to think about retirement security in a volatile financial environment. Myriad retirement risks confront employees, retirees, employers, and governments. This book illustrates how stakeholders can reinvent pensions that perform well in a competitive global setting.

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

As the first of the 'Baby Boom' generation reaches the age of 60, this unusually large cohort born 1946-66 are poised to redefine retirement - just as they have restructured educational, housing, and labor markets before. This is the first book-length study of this generation, and offers an invaluable guide to the issues for the retirement system.

Explores how rising pension and healthcare costs, along with workforce aging, affect pension and retirement planning around the world. This book is useful for managers working toward more efficient pension plans; to scholars and policymakers seeking to maximize pension design and effectiveness; and to those concerned with pension regulation.

This volume explores how workers and firms should reassess the risks associated with retirement saving and dissaving to identify creative ways to enhance retirement risk management. It examines the key role for financial literacy and education programs, better pension design, and innovative financial products in addressing new economic realities.

The book explores the lessons to be learnt for retirement planning and long-term financial security in view of the massive shocks to stock markets, labour markets, and pension plans caused by the financial crisis. It aims to rethink the resilience of defined contribution plans and how defined benefit plans reacted to the financial crisis.

As defined contribution pensions become prevalent, retirees are increasingly responsible for managing their own pension assets and thus their own financial literacy becomes crucial. Based on empirical evidence and new research, the book examines how financial literacy enhances retirement decision-making in ever more complex financial markets.