Social security reform in advanced countries evaluating pension finance
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London [u.a.]
Routledge
2002
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4 |
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245 | 1 | 0 | |a Social security reform in advanced countries |b evaluating pension finance |c ed. by Toshihiro Ihori ... |
264 | 1 | |a London [u.a.] |b Routledge |c 2002 | |
300 | |a X, 287 S. |b graph. Darst. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
490 | 1 | |a Routledge contemporary economic policy issues |v 4 | |
500 | |a Includes bibliographical references and index | ||
650 | 7 | |a Financiering |2 gtt | |
650 | 7 | |a Pensioen |2 gtt | |
650 | 7 | |a Privatisering |2 gtt | |
650 | 7 | |a Sociale zekerheid |2 gtt | |
650 | 4 | |a Soziale Sicherheit | |
650 | 4 | |a Pension trusts |v Congresses | |
650 | 4 | |a Privatization |v Congresses | |
650 | 4 | |a Social security |x Finance |v Case studies |v Congresses. | |
650 | 4 | |a Social security |x Finance |v Congresses | |
655 | 7 | |0 (DE-588)4522595-3 |a Fallstudiensammlung |2 gnd-content | |
655 | 7 | |0 (DE-588)1071861417 |a Konferenzschrift |2 gnd-content | |
700 | 1 | |a Ihori, Toshihiro |d 1952- |e Sonstige |0 (DE-588)130124648 |4 oth | |
830 | 0 | |a Routledge contemporary economic policy issues |v 4 |w (DE-604)BV013749690 |9 4 | |
856 | 4 | |u http://www.loc.gov/catdir/enhancements/fy0650/2002068158-d.html |3 Publisher description | |
856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016490380&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-016490380 |
Datensatz im Suchindex
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adam_text | Contents
List offtgures vii
Listoftables ix
List of contributors xi
Preface xii
1 Introduction 1
TOSHIHIRO IHORI AND TOSHIAKI TACHIBANAKI
2 Managing pensions in the twenty-first Century: global
lessons and implications for Japan 9
OLIVIA S. MITCHELL
3 Five fallacies in the social security debate 39
MATS PERSSON
4 Social security privatization and financial market risk:
lessons from US financial history 52
GARY BURTLESS
5 Private mandatory retirement provision: design and
implementation challenges 81
HAZEL BATEMAN. SUZANNE DOYLE AND
JOHN PIGGOTT
6 Switching the Japanese social System from pay-as-you-go
to actuarially fair: a Simulation analysis 113
TATSUO HATTA AND NORIYOSHI OGUCHI
vi Contents
7 Integration of tax and social security Systems: on the
financing methods of a public pension scheme in a
pay-as-you-go System 132
AKIRA OKAMOTO AND TOSHIAKI TACHIBANAKI
8 Pension reform in the UK: from contribution to
participation 161
ASHWIN KUMAR
9 Reform of the public pension System in Germany 188
KAI A. KONRAD AND GERT G. WAGNER
10 Pension Systems and labor force participation in the
Nordic countries 206
FREDRIK HAUGEN, ERIK HERN£S AND
STEINAR STR0M
11 Public pension reform and welfare in an economy with
adverse selection 235
HIDEKI KONISHI
12 Pensions contributions and capital accumulation under
modified funded Systems 261
TOSHIHIRO IHORI
Index 281
Figures
2.1 Projected public pension liability: percent of GDP to 2050 11
2.2 Projected annual public pension tax gap: percent of GDP
to 2050 12
2.3 National defined benefit plans produced poor returns:
percent real, per annum 13
2.4 Global provident plans provided poor returns: percent real,
per annum 15
2.5 The US pension environment: defined contribution pension
plans have more active participants than defined benefit
plans 15
2.6 DC surpass DB assets (US corporate, B $) 16
2.7 Annual TIAA-CREFF expenses (in hundredths of a
percent, or basis pts): 2001 19
2.8 Estimated efficient frontier for world stock markets 23
3.1 The efficient frontier 42
4.1 Real stock market returns, 1871-1998 63
4.2 Riskless long-term interest rate, 1910-99 63
4.3 Male single-life annuity as a percent of career high annual
earnings (measured at age 62) 67
4.4 Real internal rate of return measured at age 62,1911-99 69
4.5 Risk-expected return trade off for stock and bond pension
Investments 71
4.6 Real annuity as percent of career high annual earnings at
selected ages 72
4.7 Real annuity as percent of career high annual earnings at
70 and 80 73
4.8 Replacement rates under one-time and phased
annuitization, 1911-99 75
6.1 Average monthly pay and pension wealth for a Single person
born in 1961 in private sector employee pension System 115
6.2 Scheduled contribution rates 115
6.3 Lifetime contribution rate and lifetime benefit rate: a
comparison between the current System and the 23 percent
Reform Plan 117
viii Figures
6.4 Lifetime contribution and lifetime benefit of the lifetime
wage of the 1935 cohort 118
6.5 The balance of PEP pension fund (present value 1995) 120
6.6 Net pension debt, füll fund, and actual balance of fund of
PEP 121
6.7 Interest on net pension debt and excess fiscal bürden 122
6.8 Projected balance of fund 123
6.9 Excess contribution 124
7.1 Distribution of households annual labor income 140
7.2 Distribution of age-annual labor income 141
7.3 Changes in welfare of 275 income class households 145
7.4 Changes in welfare of 275 income class households 146
8.1 Net income of a Single pensioner facing rent of £45 per
week and Council tax of £9 per month 164
8.2 Expected pension at retirement under current System, by
year of retirement in 1999 earnings terms 165
8.3 Expected pension at retirement in 2051 under current
System by lifetime weekly earnings in 1999 earnings terms 166
8.4a Accrual structure of S2P Phase 1 compared with SERPS 168
8.4b Accural structure of S2P Phase 2 168
8.5 NI contributions and S2P thresholds in 1999 earnings terms 169
8.6 Expected pension in 2051 under S2P by lifetime weekly
earnings in 1999 earnings terms 170
8.7 Value after retirement of the pension of a lifetime low
earner 172
8.8 Pension at retirement of a lifetime low earner by number of
years spent unemployed 173
8.9 The number of years after retirement that State pension of
a lifetime low earner who cares for children older than five
from age 25 falls below the Minimum Income Guarantee 174
8.10 Income under whole-life scenarios 175
8.11 Movement of Income Support for a Single pensioner and
the basic State pension relative to average earnings where
Income Support for a Single pensioner in 1948 = 100 176
8.12 Sources of entitlement to the basic State pension in 1995-6
as a proportion of the working age population 177
9.1 Projections of future contribution rates 192
10.1 Early retirement Social Security Wealth and Social Security
Wealth Accrual with eligibility at age 64 212
10.2 Replacement rate by earnings level for a Single worker
1995 222
10.3 Estimated transition rates for a mean worker with and
without affiliation to an AFP-firm 229
11.1 Replacement ratio and Utility 248
12.1 Steady State level of public spending 275
Tables
3.1 Covariance matrix for Swedish Stocks, bonds and the
wage sum, 1963-97 42
4.1 Stock accumulation and initial replacement rates of male
workers retiring after forty-year careers, 1911-99 66
4.2 Internal rates of return on pension contributions of male
workers retiring after forty-year careers, 1911-99 70
5.1 Illustrative replacement rates under alternative annuity
and administrative Charge assumptions 82
5.2 Reduction in retirement accumulations due to
administrative charges 85
5.3 Current charging schedule for illustrative superannuation
funds 88
5.4 Industry funds - charges under alternative assumptions 89
5.5 Representative master trust - charges under alternative
assumptions 89
5.6 Retirement saving organisations in Australia and Chile 91
5.7 Alternative annuity products 100
5.8 Annuity payouts by annuity type 103
5.9 Utility rankings of mandatory annuities by annuity type
and present values of pension and bequests by income
level (A $) 104
7.1 Parameter values employed in Simulation analysis 140
7.2 Estimation of the age-profile of labor efficiency 141
7.3 Estimation of the parameters of tax progressivity on
labor income 142
7.4 Empirical results caused by different tax and public
pension Systems 143
10.1 Eligibility for AFP and age limit 209
10.2 AFP and replacement ratios in different sectors, 1997 210
10.3 Tax reform and replacement ratios in the public pension
System 211
10.4 Observed retirement months of new early retirement
retirees in 1995 213
x Tables
10.5 Mandatory basic pension 219
10.6 Other non-mandatory extra pensions 220
10.7 Mandatory extra pensions 221
10.8 Expected old-age pension gross replacement rates 222
10.9 Persons in the labor force by sex and age, as percentage of
all in each group 224
10.10 Participation rate for older male workers 231
10.11 Estimates of the average age of transition to inactivity
among older workers, males 1970-95 232
10.12 Estimates of the average age of transition to inactivity
among older workers, females 1970-95 232
11.1 Numerical calculations (R = 8, ct = 1) 249
12.1 Effect on welfare 271
12.2 Effect on accumulation of capital and pension fund 272
I
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genre_facet | Fallstudiensammlung Konferenzschrift |
id | DE-604.BV023306008 |
illustrated | Illustrated |
indexdate | 2024-12-23T21:00:36Z |
institution | BVB |
isbn | 0415282780 |
language | English |
lccn | 2002068158 |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016490380 |
oclc_num | 50115809 |
open_access_boolean | |
owner | DE-19 DE-BY-UBM DE-M382 |
owner_facet | DE-19 DE-BY-UBM DE-M382 |
physical | X, 287 S. graph. Darst. |
publishDate | 2002 |
publishDateSearch | 2002 |
publishDateSort | 2002 |
publisher | Routledge |
record_format | marc |
series | Routledge contemporary economic policy issues |
series2 | Routledge contemporary economic policy issues |
spellingShingle | Social security reform in advanced countries evaluating pension finance Routledge contemporary economic policy issues Financiering gtt Pensioen gtt Privatisering gtt Sociale zekerheid gtt Soziale Sicherheit Pension trusts Congresses Privatization Congresses Social security Finance Case studies Congresses. Social security Finance Congresses |
subject_GND | (DE-588)4522595-3 (DE-588)1071861417 |
title | Social security reform in advanced countries evaluating pension finance |
title_auth | Social security reform in advanced countries evaluating pension finance |
title_exact_search | Social security reform in advanced countries evaluating pension finance |
title_full | Social security reform in advanced countries evaluating pension finance ed. by Toshihiro Ihori ... |
title_fullStr | Social security reform in advanced countries evaluating pension finance ed. by Toshihiro Ihori ... |
title_full_unstemmed | Social security reform in advanced countries evaluating pension finance ed. by Toshihiro Ihori ... |
title_short | Social security reform in advanced countries |
title_sort | social security reform in advanced countries evaluating pension finance |
title_sub | evaluating pension finance |
topic | Financiering gtt Pensioen gtt Privatisering gtt Sociale zekerheid gtt Soziale Sicherheit Pension trusts Congresses Privatization Congresses Social security Finance Case studies Congresses. Social security Finance Congresses |
topic_facet | Financiering Pensioen Privatisering Sociale zekerheid Soziale Sicherheit Pension trusts Congresses Privatization Congresses Social security Finance Case studies Congresses. Social security Finance Congresses Fallstudiensammlung Konferenzschrift |
url | http://www.loc.gov/catdir/enhancements/fy0650/2002068158-d.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016490380&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
volume_link | (DE-604)BV013749690 |
work_keys_str_mv | AT ihoritoshihiro socialsecurityreforminadvancedcountriesevaluatingpensionfinance |