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Author : Olivia S. Mitchell
Release : 1998-05-29
Genre : Business & Economics
Kind : eBook
Book Rating : 398/5 ( reviews)
Book Synopsis Living with Defined Contribution Pensions by : Olivia S. Mitchell
Download or read book Living with Defined Contribution Pensions written by Olivia S. Mitchell. This book was released on 1998-05-29. Available in PDF, EPUB and Kindle. Book excerpt: Table of Contents
Author : Olivia S. Mitchell
Release : 1998
Genre : Defined contribution pension plans
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Living with Defined Contribution Pensions by : Olivia S. Mitchell
Download or read book Living with Defined Contribution Pensions written by Olivia S. Mitchell. This book was released on 1998. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Zvi Bodie
Release : 2008-04-15
Genre : Business & Economics
Kind : eBook
Book Rating : 910/5 ( reviews)
Book Synopsis Pensions in the U.S. Economy by : Zvi Bodie
Download or read book Pensions in the U.S. Economy written by Zvi Bodie. This book was released on 2008-04-15. Available in PDF, EPUB and Kindle. Book excerpt: Pensions in the U.S. Economy is the fourth in a series on pensions from the National Bureau of Economic Research. For both economists and policymakers, this volume makes a valuable contribution to current research on pensions and the economics of the elderly. The contributors report on retirement saving of individuals and the saving that results from corporate funding of pension plans, and they examine particular aspects of the plans themselves from the employee's point of view. Steven F. Venti and David A. Wise offer a careful analysis of who contributes to IRAs and why. Benjamin M. Friedman and Mark Warshawsky look at the reasons more retirement saving is not used to purchase annuities. Personal saving through pension contribution is discussed by B. Douglas Bernheim and John B. Shoven in the context of recent government and corporate pension funding changes. Michael J. Boskin and John B. Shoven analyze indicators of the economic well-being of the elderly, addressing the problem of why a large fraction of the elderly remain poor despite a general improvement in the economic status of the group as a whole. The relative merits of defined contribution versus defined benefit plans, with emphasis on the risk aspects of the two types of plans for the individual, are examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the final paper, pension plans and worker turnover are the focus of the discussion by Edward P. Lazear and Robert L. Moore, who propose pension option value rather than the commonly used accrued pension wealth as a measure of pension value.
Author : Olivia S. Mitchell
Release : 2000
Genre : Business & Economics
Kind : eBook
Book Rating : 296/5 ( reviews)
Book Synopsis Forecasting Retirement Needs and Retirement Wealth by : Olivia S. Mitchell
Download or read book Forecasting Retirement Needs and Retirement Wealth written by Olivia S. Mitchell. This book was released on 2000. Available in PDF, EPUB and Kindle. Book excerpt: Many new retirement-related opportunities and risks confront individuals and employers in the 21st century. Opportunities include the exciting prospects of living longer, living healthier, and living a more productive life than ever before. But the risks are also huge, including the challenge of setting an income goal and then saving enough for retirement, investing wisely in a time of financial turmoil, and planning carefully for a long period of time in retirement. What are retirement needs and how much will we need to save for old age? What is retirement becoming, especially in an era of downsizing and early retirement? What assets should we hold prior to and throughout the retirement period? How should we invest our pension assets, and how can education influence 401(k) plan saving? How important are employer-provided pensions and social security in protecting retirees against old-age poverty? And what special problems do minorities and women face? Forecasting Retirement Needs and Retirement Wealth draws on the latest information available on health, wealth, and retirement in America, to offer new perspectives on ways to support the expanding population of older citizens. As these novel paths to retirement emerge, paths that involve "bridge" jobs and gradual transitions through various states of employment, they force new thinking on the concept and process of retirement. Contributors explore the difficult problem of determining what resources people need during retirement and offer ways to think about how much to save for old age.Also in the Pension Research Council Publications series-- Prospects for Social Security Reform Edited by Olivia S. Mitchell, Robert J. Myers, and Howard Young ISBN 0-8122-3479-0 / Cloth Living with Defined Contribution Pensions Remaking Responsibility for Retirement Edited by Olivia S. Mitchell and Sylvester J. Schieber ISBN 0-8122-3439-1 / Cloth Positioning Pensions for the Twentieth-First Century Edited by Michael S. Gordon, Olivia S. Mitchell, and Marc M. Twinney ISBN 0-8122-3391-3 / Cloth
Author : Gregorio Impavido
Release : 2010-06-04
Genre : Business & Economics
Kind : eBook
Book Rating : 175/5 ( reviews)
Book Synopsis New Policies for Mandatory Defined Contribution Pensions by : Gregorio Impavido
Download or read book New Policies for Mandatory Defined Contribution Pensions written by Gregorio Impavido. This book was released on 2010-06-04. Available in PDF, EPUB and Kindle. Book excerpt: 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 have the same root problem---the limited capacity of individuals to choose what is best for them. This, in turn, stems from a combination of inadequate financial education, bounded rationality and the use of simplistic 'rules of thumb' that produce systematic biases in the decision making process of individuals. While improving financial education is an obvious avenue to pursue, this book is more concerned with design features that can exploit these systematic biases to protect consumers from themselves. 'New Policies for Mandatory Defined Contribution Pensions: Industrial Organization Models and Investment Products' (i) discusses the main implications for the functioning of mandatory defined contribution pensions of consumers inability to make rational choices; (ii) describes how jurisdictions have tried to address these problems through ad hoc policy interventions; and (iii) proposes new policy directions in the areas of industrial organization models and investment products to address these concerns more effectively. Written for practitioners and researchers around the world, this book provides access to new thinking on mandatory defined contribution pension systems and it makes an important contribution to the on-going policy debate on how to best structure mandatory defined contribution pillars.
