The Oxford Handbook of Pensions and Retirement Income

by Clark, Gordon L.; Munnell, Alicia H.; Orszag, J. Michael

• ISBN13: 9780199272464
• ISBN10: 0199272468
• Format: Hardcover
• Copyright: 2006-09-28
• Publisher: Oxford University Press

Summary

The Oxford Handbook of Pension and Retirement Income is the only comprehensive review available of the latest research, policy-related tools, analytical methods and techniques and major theoretical frameworks and principles of pension and retirement income. Featuring over forty contributions from leading academic and professional experts, the handbook draws on research from a range of academic disciplines to reflect on the implications for current and future provision of pension and retirement income of demographic aging, the changing financial circumstances of nation states, and globalization. An indispensable desk reference for researchers and practitioners in the area, it is also essential for policymakers and those with broad interests, which include this very important area.

Table of Contents

List of Figures	xvii
List of Tables	xx
Editorial Team	xxiii
List of Contributors	xxv
Introduction	1	(2)
The Agenda	3	(7)
Gordon L. Clark
Alicia H. Munnell
J. Michael Orszag
Pension and Retirement Income in a Global Environment	10	(19)
Gordon L. Clark
Alicia H. Munnell
J. Michael Orszag
I. RETIREMENT IN CONTEXT	29	(190)
Creating Modern Retirement	31	(2)
The History of Retirement	33	(19)
Pat Thane
The Development of Public Pensions from 1889 to the 1990s	52	(24)
Camila Arza
Paul Johnson
The Development of Employer Retirement Income Plans: from the Nineteenth Century to 1980	76	(22)
Steven Sass
Changing Work Patterns and the Reorganization of Occupational Pensions	98	(23)
Ewald Engelen
Gender, the Family, and Economy	121	(20)
Vickie L. Bajtelsmit
Social Solidarity	141	(22)
Johan J. De Deken
Eduard Ponds
Bart van Riel
The Economic Context	161	(2)
Demography and Ageing	163	(20)
Naohiro Ogawa
Noriyuki Takayama
Life-Cycle Options and Preferences	183	(18)
Florence Legros
Funding, Saving, and Economic Growth	201	(18)
E. Philip Davis
Yu-Wei Hu
II. PUBLIC RETIREMENT PLANS	219	(136)
State Old-Age Pension Programs	221	(2)
Structure and Performance of Defined Benefit Schemes	223	(18)
Warren McGillivray
The Structure and Performance of Mandated Pensions	241	(27)
Adam Creighton
John Piggott
Actuarial-Based Public Pension Systems	268	(25)
Richard Disney
Entitlements and Pensions	291	(2)
Citizenship, Entitlement, and Mobility	293	(17)
Robin Ellison
Early Retirement	310	(26)
David A. Wise
Meeting Health and Long-term Care Needs in Retirement	336	(19)
Marilyn Moon
III. EMPLOYER-SPONSORED RETIREMENT PLANS	355	(184)
Structure of Employer-Sponsored Pensions	357	(2)
Employer-Sponsored Plans: The Shift from Defined Benefit to Defined Contribution	359	(22)
Alicia H. Munnell
Organized Labor and Pensions	381	(18)
Teresa Ghilarducci
Corporate Finance and Capital Markets	399	(18)
J. Michael Orszag
Neha Sand
Pension Plan Investments	415	(2)
Asset Liability Management	417	(24)
Rob Bauer
Roy Hoevenaars
Tom Steenkamp
Strategic Asset Allocation for Pension Plans	441	(15)
John Y. Campbell
Luis M. Viceira
Pension Fund Management and Investment Performance	456	(27)
Ian Tonks
Pension Plan Governance	481	(2)
Regulation of Pension Fund Governance	483	(18)
Gordon L. Clark
Regulatory Principles and Institutions	501	(20)
Andre Laboul
Juan Yermo
Accounting Standards for Pension Costs	521	(18)
Geoffrey Whittington
IV. INDIVIDUAL AND HOUSEHOLD RETIREMENT PROVISION	539	(120)
Individual Pensions, Insurance, and Saving	541	(2)
Occupational Pension Scheme Design	543	(19)
David McCarthy
Annuity Markets	562	(22)
James M. Poterba
Personal Pensions and Markets	584	(19)
Tryggvi Thor Herbertsson
Individual and Household Retirement Planning	601	(2)
Choice, Behavior, and Retirement Saving	603	(15)
Steven F. Venti
Housing Wealth and Retirement Savings	618	(20)
William C. Apgar
Zhu Xiao Di
The Elderly and Ethical Financial Decision-Making	638	(21)
Julian Savulescu
Tony Hope
V. LOOKING AHEAD	659	(200)
Prospective Models	661	(2)
Structural Pension Reform---Privatization---in Latin America	663	(21)
Carmelo Mesa-Lago
Private Pensions and Public Policy: The Public-Private Divide Reappraised	684	(18)
Noel Whiteside
Unending Work	702	(19)
Annika Sunden
Challenges	719	(2)
Productivity, Compensation, and Retirement	721	(19)
David Neumark
Poverty and Inequality	740	(19)
Gary Burtless
The Politics of Pension Reform: Managing Interest Group Conflicts	759	(22)
Bernhard Ebbinghaus
Emerging Economies	779	(2)
Pensions for Development and Poverty Reduction	781	(18)
Armando Barrientos
Retirement Income Systems in Asia	799	(17)
Hanam S. Phang
Pensions in Africa	816	(23)
Anthony Asher
Coda	837	(2)
Sustainable and Equitable Retirement in a Life Course Perspective	839	(20)
Gosta Esping-Andersen
John Myles
Index	859