LEADER 03426nam 22006852 450 001 9910828052803321 005 20151005020621.0 010 $a1-107-16100-2 010 $a1-280-54081-8 010 $a0-511-21540-1 010 $a0-511-21719-6 010 $a0-511-21182-1 010 $a0-511-31580-5 010 $a0-511-51094-2 010 $a0-511-21359-X 035 $a(CKB)1000000000353110 035 $a(EBL)266607 035 $a(OCoLC)171139146 035 $a(SSID)ssj0000237208 035 $a(PQKBManifestationID)11213661 035 $a(PQKBTitleCode)TC0000237208 035 $a(PQKBWorkID)10188738 035 $a(PQKB)10929311 035 $a(UkCbUP)CR9780511510946 035 $a(Au-PeEL)EBL266607 035 $a(CaPaEBR)ebr10131692 035 $a(CaONFJC)MIL54081 035 $a(OCoLC)560238545 035 $a(MiAaPQ)EBC266607 035 $a(EXLCZ)991000000000353110 100 $a20090312d2004|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRethinking pension reform /$fFranco Modigliani, Arun Muralidhar$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2004. 215 $a1 online resource (xv, 247 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a0-521-67653-3 311 $a0-521-83411-2 320 $aIncludes bibliographical references (p. 225-233) and index. 327 $tA Tribute to Franco --$tA Primer on Pension Reform --$tA Taxonomy of Pension Reform Issues --$tAn Evaluation of Pension Reforms --$tWelfare Costs of Defined Contribution Schemes --$tThe Transition from PAYGO to Funding with a Common Portfolio: Application to the United States --$tSocial Security Reform in Spain --$tThe "Two-Pension Fund" Theorem --$tThe Case for Mixed Systems and Variable Contributions: Improving the Performance of Pension Systems. 330 $aThis 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. 606 $aPension trusts 606 $aSocial security 606 $aPension trusts$vCross-cultural studies 615 0$aPension trusts. 615 0$aSocial security. 615 0$aPension trusts 676 $a331.25/22 700 $aModigliani$b Franco$0115495 702 $aMuralidhar$b Arun S. 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910828052803321 996 $aRethinking pension reform$93918175 997 $aUNINA