Wow! eBook
The Future of Multi-Pillar Pensions
Author(s): Lans Bovenberg (Editor), Casper van Ewijk (Editor), Ed Westerhout (Editor)
- Publisher: Cambridge University Press
- Publication Date: 21 Jun. 2012
- Language: English
- Print length: 434 pages
- ISBN-10: 1107022266
- ISBN-13: 9781107022263
Book Description
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.
Editorial Reviews
Book Description
An assessment of multi-pillar pension schemes in light of the current economic crisis and global trends such as population aging.
About the Author
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.
