Retirement Policy

This insightful and timely book reviews three critical factors that dominate current discussions of retirement savings policy: the decline of traditional defined benefit plans, the emergence of 401(k)

The retirement income system has been hailed as one of the great successes of Canadian social policy. However, contemporary pressures have generated a vigorous debate about the way ahead. Fundamental

As the defense burden borne by reserve forces has increased, more attention has been paid to differences between retirement systems for the reserve and active components. This report analyzes the syst

Interest in longevity and longevity risk management is burgeoning, as government and regulatory agencies are increasingly conscious of the potential risks and benefits of longer lifespans. Commercial

Forced Saving, first published in 2001, offers an analysis of pension policy from an economic perspective. It begins with an overview of the problem of population ageing around the world, and then provides a framework within which policy responses may be consistently assessed. It focuses on the 'mandating' approach to retirement income policy, in which governments are compelling individuals - or their employers - to take on this responsibility, at least in part. The role of government becomes limited to one of mandating contributions from wages, along with regulating private fund managers to a greater or lesser extent. The authors explore the implications of introducing such a policy reform. They argue that while there is no universal agreement on the relative costs and benefits of this policy approach, there are often some advantages to moving at least some distance down the mandating path.

Forced Saving, first published in 2001, offers an analysis of pension policy from an economic perspective. It begins with an overview of the problem of population ageing around the world, and then provides a framework within which policy responses may be consistently assessed. It focuses on the 'mandating' approach to retirement income policy, in which governments are compelling individuals - or their employers - to take on this responsibility, at least in part. The role of government becomes limited to one of mandating contributions from wages, along with regulating private fund managers to a greater or lesser extent. The authors explore the implications of introducing such a policy reform. They argue that while there is no universal agreement on the relative costs and benefits of this policy approach, there are often some advantages to moving at least some distance down the mandating path.

Applies insights of behavioral economics, an emerging field that blends psychology, sociology, and economics, to retirement research and retirement policy. Topics include expectations and savings for

Understanding the factors that affect howone transitions from school to the labor market and finally to retirement isimportant both to the individual and to the policy maker. This volume containsseven

In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prosp

In the United Kingdom, retirement programs are being reconstructed to follow the American practice of abolishing mandatory retirement and increasing state pension ages. This timely book compares prosp

Few events have posed as many challenges for retirement and retirement policy as the crisis of the late 2000s. At the end of the last decade, the United States experienced the Great Recession—a combin

Few events have posed as many challenges for retirement and retirement policy as the crisis of the late 2000s. At the end of the last decade, the United States experienced the Great Recession—a combin

The Oxford Handbook of Pension and Retirement Income is the only comprehensive review available of the latest research, policy-related tools, analytical methods and techniques and major theoretical f

Any attempt by governments to stem the tide of early retirement will need to focus as much on employers' management of human resources as on the impacts of social policy. This report focuses on this p

Debates about citizenship in Europe, particularly in relation to social policy and welfare provision, are increasingly topical as the European Union expands and moves towards greater integration. This

To a backdrop of ageing societies, pension crises and labour market reforms, this book investigates how the policy shift from early retirement to active ageing has affected individual retirement behav

This book explores the adoption of "active ageing" policies by EU15 nations and the impact on older peoples' work and retirement policy options. It explores the labor market policies (including unempl

The Financial Crisis has brought the pensions time bomb center stage due to a decade of low returns increasing unfunded pension liabilities and lowering future retirement incomes. This is because most

Collective bargaining is the main vehicle for labour worldwide to negotiate wages, benefits, retirement policies, training and other terms of working with management in both the public and private sectors. Labour economists have long been active in modelling the relations between collective bargaining agreements, labour markets and social welfare conditions. This book presents a theoretical model of unions which offers a unified treatment of the centralisation of bargaining, the credibility of labour contracts, the unionisation of labour markets and the relative bargaining power of the union. Tapio Palokangas develops the microfoundations of bargaining and examines collective bargaining interacting with public policy, investment and growth, and international trade and specialisation. In conclusion Professor Palokangas challenges the commonly held view that collective bargaining has a negative impact on economics welfare, and argues that with the existence of market failure, collective

Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining

As public expenditures on health, education and transfer programmes increase, demographic change has a growing impact on public expenditures, and the incentives for behaviour created by public transfer programs increase as well. The essays in this volume discuss such topics as: demographic change and the outlook for Social Security and Medicare in the United States; long-term decision making under uncertainty; the effect of changing family structure on government spending; how the structure of public retirement policies has encouraged early retirement in some countries and not others; the response of local community spending to demographic change; and related topics. Contributors include many of the world's leading public finance economists and economic demographers.

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 m

Collective bargaining is the main vehicle for labour worldwide to negotiate wages, benefits, retirement policies, training and other terms of working with management in both the public and private sectors. Labour economists have long been active in modelling the relations between collective bargaining agreements, labour markets and social welfare conditions. This book presents a theoretical model of unions which offers a unified treatment of the centralisation of bargaining, the credibility of labour contracts, the unionisation of labour markets and the relative bargaining power of the union. Tapio Palokangas develops the microfoundations of bargaining and examines collective bargaining interacting with public policy, investment and growth, and international trade and specialisation. In conclusion Professor Palokangas challenges the commonly held view that collective bargaining has a negative impact on economics welfare, and argues that with the existence of market failure, collective

As the life expectancy of the average American continues to increase and the baby-boom generation moves toward retirement, the near future will see ever larger numbers of older citizens whose welfare

This collection is inspired by the coming retirement of Professor Wolfram Elsner. It presents cutting-edge economic research relevant to economic policies and policy-making, placing a strong focus on

;Full oflively insights and lucid prose' (The Wall Street Journal) an epic, sweeping history of Cuba and its complex ties to the United Statesfrom before the arrival of Columbus to the present daywritten by one of the world's leading historians of Cuba.In 1961, at the height of the Cold War, the United States severed diplomatic relations with Cuba, where a momentous revolution had taken power three years earlier. For more than half a century, the stand-off continuedthrough the tenure of ten American presidents and the fifty-year rule of Fidel Castro. His death in 2016, and the retirement of his brother and successor Ral Castro in 2021, have spurred questions about the country's future. Meanwhile, politics in WashingtonBarack Obama's opening to the island, Donald Trump's reversal of that policy, and the election of Joe Bidenhave made the relationship between the two nations a subject of debate once more. Now, award-winning historian Ada Ferrer delivers an ';important' (The Guardian) and

Private pensions provision in the UK is in crisis. Through a political economy perspective, this book explores how financial security in retirement has been endangered through the response of policy-m

Nations that raise retirement ages appear to work on the assumption that there is appropriate employment available for people who are expected to retire later. Gender, Ageing and Extended Working Life

As nations worldwide grapple with aging populations and rising social security costs, many have chosen to raise retirement ages. That change is predicated on the assumption that there is appropriate e

For vulnerable older, disabled, or homeless people who need accommodation and support, many different services have been developed, from hostels and group homes to extra-care housing and retirement vi

Governments are encouraging later-life working and state pension ages are being raised. There is also a growing debate on intergenerational equity and on ageism/age discrimination. John Macnicol, one of Europe's leading academic analysts of old age and ageing, examines the effect of neoliberalism on the recent ageing and social policy agenda in the UK and the USA. He argues that the demographic and economic impulses behind recent policy changes are in fact less important than the effect of neoliberalism as an ideology, which has caused certain key problems to be defined in a particular way. The book outlines past theories of old age and examines pensions reform, the debate on life expectancy gains, the causes of retirement, the idea of intergenerational equity, the current debate on ageism/age discrimination and the likely human consequences of raising state pension ages.

Governments are encouraging later-life working and state pension ages are being raised. There is also a growing debate on intergenerational equity and on ageism/age discrimination. John Macnicol, one of Europe's leading academic analysts of old age and ageing, examines the effect of neoliberalism on the recent ageing and social policy agenda in the UK and the USA. He argues that the demographic and economic impulses behind recent policy changes are in fact less important than the effect of neoliberalism as an ideology, which has caused certain key problems to be defined in a particular way. The book outlines past theories of old age and examines pensions reform, the debate on life expectancy gains, the causes of retirement, the idea of intergenerational equity, the current debate on ageism/age discrimination and the likely human consequences of raising state pension ages.

Goodman, an economist and specialist in health policy, retirement reform, and tax issues, examines the problems with the Affordable Care Act (ACA) and solutions that will empower patients and competit

As population aging has become increasingly acute in many countries, the debate over how to reform often creaking public pension systems has gathered momentum. In many cases, this debate has become politicized and the focus on some of the underlying economic issues has been lost. This volume hopes to redress some of this imbalance. It begins by examining the rationale behind why public pension systems were introduced originally - out of fear that individuals do not adequately save for retirement. It then systematically examines different aspects of reforming these systems. It covers the fiscal repercussions of reform, the implications of the baby boom on asset returns in the years ahead, the political economy of the reform process, and finally the risk-sharing implications that are inherent in reform. An important additional goal of this volume is to make it accessible to as wide an audience as possible: students, academics, and policy makers.