The Future of Multi-Pillar Pensions (Paperback)

Lans Bovenberg

ISBN 10: 1107481120 / ISBN 13: 9781107481121

Published by Cambridge University Press, Cambridge, 2015

About this Item

Paperback. Pension systems are under serious pressure worldwide. This pressure stems not only from the well-known trend of population aging, but also from those of increasing heterogeneity of the population and increasing labour mobility. The current economic crisis has aggravated these problems, thereby exposing the vulnerability of many pension schemes to macroeconomic shocks. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It adopts an integral perspective and asks how the pension system as a whole contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. It focuses on the optimal balance between the various pension pillars and on the optimal design of each of the schemes. It sketches a number of economic trade-offs, showing that countries may opt for different pension schemes depending on how they react to these trade-offs. Pension systems are under serious pressure worldwide. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It asks how the pension system contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

Seller Inventory # 9781107481121

Bibliographic Details

• Title: The Future of Multi-Pillar Pensions (Paperback)
• Publisher: Cambridge University Press, Cambridge
• Publication Date: 2015
• Language: English
• ISBN 10: 1107481120
• ISBN 13: 9781107481121
• Binding: Paperback
• Condition: new

About this title

Synopsis

Pension systems are under serious pressure worldwide. This pressure stems not only from the well-known trend of population ageing, but also from those of increasing heterogeneity of the population and increasing labour mobility. The current economic crisis has aggravated these problems, thereby exposing the vulnerability of many pension schemes to macroeconomic shocks. This book reconsiders the multi-pillar pension scheme against the background of these pressures. It adopts an integral perspective and asks how the pension system as a whole contributes to the three basic functions of pension schemes: facilitating life-cycle financial planning, insuring idiosyncratic risks and sharing macroeconomic risks across generations. It focuses on the optimal balance between the various pension pillars and on the optimal design of each of the schemes. It sketches a number of economic trade-offs, showing that countries may opt for different pension schemes depending on how they react to these trade-offs.

About the Authors

Lans Bovenberg is Professor of Economics at Tilburg University. He founded the research network Netspar (Network for Studies on Pensions, Ageing and Retirement).

Casper van Ewijk is Professor of Economics at the University of Amsterdam and Deputy Director of CPB Netherlands Bureau of Economic Policy Analysis.

Ed Westerhout is project leader of the Netspar theme 'Multi-pillar Pension Schemes and Macroeconomic Performance' at CPB Netherlands Bureau of Economic Policy Analysis.