ABSTRACT

First published in 1998, this volume was developed as part of the Stockholm Initiative and sets out to assess the situation of providing for retirement and pensions. In the wake of intense debate over pay-as-you-go pensions, Lawrence Thomson for the most part leaves social and cultural issues for subsequent analysis, instead examining the economic

chapter Chapter One|24 pages

Overview and Summary

chapter Chapter Two|12 pages

Reasons for Creating Mandatory Retirement Programs

chapter Chapter Three|14 pages

The Economic Cost of Supporting the Retired

chapter Chapter Four|20 pages

The Effect of Pensions on Saving and Investment

chapter Chapter Five|14 pages

The Effect of Pensions on Labor Supply

chapter Chapter Six|12 pages

Public Pensions and International Competitiveness

chapter Chapter Seven|18 pages

The Mathematics of Pension Contribution Rates

chapter Chapter Nine|18 pages

Risks of Mid-Career Economic and Demographic Changes

chapter Chapter Ten|18 pages

Ensuring Income Adequacy Throughout Retirement