03426nam 22006852 450 991078431330332120151005020621.01-107-16100-21-280-54081-80-511-21540-10-511-21719-60-511-21182-10-511-31580-50-511-51094-20-511-21359-X(CKB)1000000000353110(EBL)266607(OCoLC)171139146(SSID)ssj0000237208(PQKBManifestationID)11213661(PQKBTitleCode)TC0000237208(PQKBWorkID)10188738(PQKB)10929311(UkCbUP)CR9780511510946(Au-PeEL)EBL266607(CaPaEBR)ebr10131692(CaONFJC)MIL54081(OCoLC)560238545(MiAaPQ)EBC266607(EXLCZ)99100000000035311020090312d2004|||| uy| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierRethinking pension reform /Franco Modigliani, Arun Muralidhar[electronic resource]Cambridge :Cambridge University Press,2004.1 online resource (xv, 247 pages) digital, PDF file(s)Title from publisher's bibliographic system (viewed on 05 Oct 2015).0-521-67653-3 0-521-83411-2 Includes bibliographical references (p. 225-233) and index.A Tribute to Franco --A Primer on Pension Reform --A Taxonomy of Pension Reform Issues --An Evaluation of Pension Reforms --Welfare Costs of Defined Contribution Schemes --The Transition from PAYGO to Funding with a Common Portfolio: Application to the United States --Social Security Reform in Spain --The "Two-Pension Fund" Theorem --The Case for Mixed Systems and Variable Contributions: Improving the Performance of Pension Systems.This book presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security. The authors establish the basic choices in designating any system to help policy makers develop the system that achieves their many objectives. They examine reforms in Latin America to highlight flaws and to estimate the true cost of these reforms and factors affecting these costs. The authors then discuss how the United States and Spain can implement robust systems incorporating many of the ideal features. The success of reforms depends on financial innovation to mitigate key risks and some innovations are discussed, which also demonstrates how pension reform choices affect the achievement of retirement objectives. Finally, the authors examine some proposed hybrid options to show how the beneficial features of these hybrids can be captured through good design in a single fund.Pension trustsSocial securityPension trustsCross-cultural studiesPension trusts.Social security.Pension trusts331.25/22Modigliani Franco115495Muralidhar Arun S.UkCbUPUkCbUPBOOK9910784313303321Rethinking pension reform3713556UNINA