LEADER 04831nam 2200577 a 450 001 9910143707603321 005 20170809164724.0 010 $a1-119-20596-4 010 $a1-280-72147-2 010 $a9786610721474 010 $a0-470-05871-4 035 $a(CKB)1000000000356723 035 $a(EBL)281595 035 $a(OCoLC)86073414 035 $a(SSID)ssj0000219427 035 $a(PQKBManifestationID)12022166 035 $a(PQKBTitleCode)TC0000219427 035 $a(PQKBWorkID)10229360 035 $a(PQKB)11654791 035 $a(MiAaPQ)EBC281595 035 $a(EXLCZ)991000000000356723 100 $a20060619d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPension economics$b[electronic resource] /$fDavid Blake 210 $aChichester, England ;$aHoboken, NJ $cJohn Wiley & Sons$dc2006 215 $a1 online resource (272 p.) 300 $aDescription based upon print version of record. 311 $a0-470-05844-7 320 $aIncludes bibliographical references and index. 327 $a1.1 What is pension economics? -- 1.2 Types of pension scheme -- 1.3 Conclusions -- Questions -- References -- Individual pension decision making -- 2.1 The life cycle model -- 2.2 Pensions and savings -- 2.3 Pensions and retirement decisions -- 2.4 Empirical studies testing the validity of the life cycle model -- 2.5 The Feldstein life cycle model with induced retirement -- 2.6 Conclusion -- Questions -- References -- Corporate pension decision making -- 3.1 The provision of pensions by corporations -- 3.2 The role of pensions in employment contracts -- 3.3 The nature of corporate pension liabilities -- 3.4 Quitting and mandatory retirement -- 3.5 Tax and pension fund policy -- 3.6 Agency costs in pension schemes and pension funds -- 3.7 Conclusions -- Questions -- References -- Pensions in the Diamond-Samuelson overlapping generations model with certain lifetimes -- 4.1 The two-period Diamond-Samuelson OLG model -- 4.2 Pension in the Diamond-Samuelson OLG model with exogenous labour supply and retirement -- 4.3 PAYG pensions in the Diamond-Samuelson OLG model with endogenous labour supply and retirement -- 4.4 Conclusions -- Questions -- References -- Pensions in the Blanchard-Yaari overlapping generations model with uncertain lifetimes -- 5.1 The Blanchard-Yaari OLG model with uncertain lifetimes -- 5.2 PAYG pensions in the Blanchard-Yaari old model with endogenous labour supply and mandatory retirement -- 5.3 Conclusions -- Questions -- References -- The economics of ageing and generational accounting -- 6.1 The macroeconomic effects of ageing : declining population growth and the increasing dependency ratio -- 6.2 Pensions in the Diamond-Samuelson OLG model with a variable population growth rate -- 6.3 Generational accounting -- 6.4 Conclusions -- Questions -- References -- Risk sharing and redistribution in pension schemes -- 7.1 Risks in private pension schemes -- 7.2 Risk sharing in personal pension schemes -- 7.3 Risk sharing in occupational pension schemes -- 7.4 Redistribution in private pension schemes -- 7.5 Private sector market failure and the compensating role of state pension schemes -- 7.6 Risks in state pension schemes -- 7.7 Risk sharing in state pension schemes -- 7.8 Redistribution in state pension schemes -- 7.9 The viability of PAYG state pension systems and the transition costs to funding viability -- 7.10 Conclusions -- Questions -- References -- Behavioural pension economics -- 8.1 The accumulation phase -- 8.2 The decumulation phase -- 8.3 Conclusions -- Questions. 330 $aWhile not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand:* The key types of pension scheme* The role of pensions in maximizing individual lifetime welfare* The role of pensions in individual savings and retirement decisions* The role and consequences of the pension plan from the company's viewpoint* The role of pensions in promoting aggregate savings* The role of pensions and retirement i 606 $aOld age pensions 606 $aPension trusts$xInvestments$xEconometric models 606 $aPortfolio management$xEconometric models 608 $aElectronic books. 615 0$aOld age pensions. 615 0$aPension trusts$xInvestments$xEconometric models. 615 0$aPortfolio management$xEconometric models. 676 $a331.252 700 $aBlake$b David$f1954-$0905989 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910143707603321 996 $aPension economics$92181916 997 $aUNINA