Journals Higher Education



Published: 30 November 2009

264 Pages | 25 line illus.

6 1/8 X 9 1/4 inches

ISBN: 9780195387728

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Bookseller Code (06)

Reforming Pensions

A Short Guide

Nicholas Barr and Peter Diamond

Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical analysis is complemented by discussion of implementation.