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Social Security Reform - Financial and Political Issues in International Perspective (Paperback)
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Social Security Reform - Financial and Political Issues in International Perspective (Paperback)
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As population aging has become increasingly acute in many
countries, the debate over how to reform often creaking public
pension systems has gathered momentum. In many cases, this debate
has become politicized and the focus on some of the underlying
economic issues has been lost. This volume hopes to redress some of
this imbalance. It begins by examining the rationale behind why
public pension systems were introduced originally - out of fear
that individuals do not adequately save for retirement. It then
systematically examines different aspects of reforming these
systems. It covers the fiscal repercussions of reform, the
implications of the baby boom on asset returns in the years ahead,
the political economy of the reform process, and finally the
risk-sharing implications that are inherent in reform. An important
additional goal of this volume is to make it accessible to as wide
an audience as possible: students, academics, and policy makers.
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