1.

Record Nr.

UNINA9910459939903321

Autore

Impavido Gregorio

Titolo

New policies for mandatory defined contribution pensions [[electronic resource] ] : industrial organization models and investment products / / Gregorio Impavido, Esperanza Lasagabaster, Manuel García-Huitrón

Pubbl/distr/stampa

Washington, D.C., : World Bank, 2010

ISBN

1-282-64537-4

9786612645372

0-8213-8317-5

Descrizione fisica

1 online resource (385 p.)

Collana

Latin American development forum series

Altri autori (Persone)

LasagabasterEsperanza

García-HuitrónManuel

Disciplina

331.25/2

Soggetti

Defined contribution pension plans

Pensions

Industrial organization

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Half title; Title; Copyright; Latin American Development Forum Series; Titles in the Latin American Development Forum Series; About the Contributors; Contents; Foreword; Acknowledgments; Abbreviations; 1 Introduction; 2 Industrial Organization Issues and Their Consequences; 3 Narrowly Focused Policies or Alternative Industrial Models?; 4 Investment Choice and the Design of Investment Options; 5 Conclusions; Index

Sommario/riassunto

Mandatory defined contribution pension markets are present in a growing number of countries around the world. But despite their popularity, policymakers continue to struggle with two key policy concerns. On the one hand, a number of design shortcomings encourages pension firms to charge high administrative fees. On the other hand, the global crisis that started in 2007 has reignited the debate on whether pension participants bear excessive investment risk. Both are valid policy concerns as their incidence can imply higher than expected levels of poverty among old age individuals. Both concerns