Author: National Industrial Conference Board
Publisher: New York : National Industrial Conference Board
ISBN:
Category : Old age pensions
Languages : en
Pages : 184
Book Description
Industrial Pensions in the United States
Author: National Industrial Conference Board
Publisher: New York : National Industrial Conference Board
ISBN:
Category : Old age pensions
Languages : en
Pages : 184
Book Description
Publisher: New York : National Industrial Conference Board
ISBN:
Category : Old age pensions
Languages : en
Pages : 184
Book Description
The Development of Industrial Pensions in the United States in the Twenith Century
Author: Samuel H. Williamson
Publisher: World Bank Publications
ISBN:
Category : Pensions
Languages : en
Pages : 32
Book Description
Publisher: World Bank Publications
ISBN:
Category : Pensions
Languages : en
Pages : 32
Book Description
A Critical Analysis of Industrial Pension Systems
Author: Luther Conant
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 288
Book Description
Publisher:
ISBN:
Category : Pensions
Languages : en
Pages : 288
Book Description
The Development of Industrial Pensions in the United States in the Twentieth Century
Author: Samuel H. Williamson
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description
A survey of the development of pensions in the United States, addressing such issues as what employees want from pensions, what incentives the employer has to create pensions, and what desirable effects industrial pensions have on the economy.Pensions are retirement insurance: They offer protection in case you live long enough to quit collecting a paycheck and can stop working. In the United States, pensions are provided by both public and private sectors. Private sector pension funds are the largest formal financial institution for life-cycle saving, with assets of trillions of dollars.Pensions developed when more traditional forms of life-cycle saving became more difficult to carry out, job tenure increased, and there was a movement away from the spot labor market. Employers wanted to create a stable, experienced work force that was reluctant to leave - that is, a stock of firm-specific human capital. Thus they had an incentive to create a deferred wage. And workers wanted retirement insurance that was secure. As developing countries begin to employ an older work force with longer job tenure, the demand for defined benefit pensions will rise.Which institution can best provide pensions: the employer, a financial intermediary, or the state? If markets fluctuate because of financial instability, workers will prefer defined benefit plans, and they will want them to be provided by the institution in which they have the most faith.Funding is important in the long run. Sound accounting practices would dictate that the cumulative reserves match pension liabilities as they accumulate. The regular contribution to these funds would be the deferred part of the wage. But historically, in the United States, pensions were funded only when profits were high or tax incentives or regulation dictated.Developing countries will need a sound corporate tax structure and must be willing to forgo some immediate tax revenue, to create a large pension savings fund.This paper - a joint product of the Finance and Private Sector Development Division, Policy Research Department, and the Financial Sector Development Department - was presented at a Bank seminar, Financial History: Lessons of the Past for Reformers of the Present, and is a chapter in a forthcoming volume, Reforming Finance: Some Lessons from History, edited by Gerard Caprio, Jr. and Dimitri Vittas.
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description
A survey of the development of pensions in the United States, addressing such issues as what employees want from pensions, what incentives the employer has to create pensions, and what desirable effects industrial pensions have on the economy.Pensions are retirement insurance: They offer protection in case you live long enough to quit collecting a paycheck and can stop working. In the United States, pensions are provided by both public and private sectors. Private sector pension funds are the largest formal financial institution for life-cycle saving, with assets of trillions of dollars.Pensions developed when more traditional forms of life-cycle saving became more difficult to carry out, job tenure increased, and there was a movement away from the spot labor market. Employers wanted to create a stable, experienced work force that was reluctant to leave - that is, a stock of firm-specific human capital. Thus they had an incentive to create a deferred wage. And workers wanted retirement insurance that was secure. As developing countries begin to employ an older work force with longer job tenure, the demand for defined benefit pensions will rise.Which institution can best provide pensions: the employer, a financial intermediary, or the state? If markets fluctuate because of financial instability, workers will prefer defined benefit plans, and they will want them to be provided by the institution in which they have the most faith.Funding is important in the long run. Sound accounting practices would dictate that the cumulative reserves match pension liabilities as they accumulate. The regular contribution to these funds would be the deferred part of the wage. But historically, in the United States, pensions were funded only when profits were high or tax incentives or regulation dictated.Developing countries will need a sound corporate tax structure and must be willing to forgo some immediate tax revenue, to create a large pension savings fund.This paper - a joint product of the Finance and Private Sector Development Division, Policy Research Department, and the Financial Sector Development Department - was presented at a Bank seminar, Financial History: Lessons of the Past for Reformers of the Present, and is a chapter in a forthcoming volume, Reforming Finance: Some Lessons from History, edited by Gerard Caprio, Jr. and Dimitri Vittas.
The Development of Industrial Pensions in the United States in the Twentieth Century
Author: H. Samuel Williamson
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
November 1995 A survey of the development of pensions in the United States, addressing such issues as what employees want from pensions, what incentives the employer has to create pensions, and what desirable effects industrial pensions have on the economy. Pensions are retirement insurance: They offer protection in case you live long enough to quit collecting a paycheck and can stop working. In the United States, pensions are provided by both public and private sectors. Private sector pension funds are the largest formal financial institution for life-cycle saving, with assets of trillions of dollars. Pensions developed when more traditional forms of life-cycle saving became more difficult to carry out, job tenure increased, and there was a movement away from the spot labor market. Employers wanted to create a stable, experienced work force that was reluctant to leave -- that is, a stock of firm-specific human capital. Thus they had an incentive to create a deferred wage. And workers wanted retirement insurance that was secure. As developing countries begin to employ an older work force with longer job tenure, the demand for defined benefit pensions will rise. Which institution can best provide pensions: the employer, a financial intermediary, or the state? If markets fluctuate because of financial instability, workers will prefer defined benefit plans, and they will want them to be provided by the institution in which they have the most faith. Funding is important in the long run. Sound accounting practices would dictate that the cumulative reserves match pension liabilities as they accumulate. The regular contribution to these funds would be the deferred part of the wage. But historically, in the United States, pensions were funded only when profits were high or tax incentives or regulation dictated. Developing countries will need a sound corporate tax structure and must be willing to forgo some immediate tax revenue, to create a large pension savings fund. This paper -- a joint product of the Finance and Private Sector Development Division, Policy Research Department, and the Financial Sector Development Department -- was presented at a Bank seminar, Financial History: Lessons of the Past for Reformers of the Present, and is a chapter in a forthcoming volume, Reforming Finance: Some Lessons from History, edited by Gerard Caprio, Jr. and Dimitri Vittas.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
November 1995 A survey of the development of pensions in the United States, addressing such issues as what employees want from pensions, what incentives the employer has to create pensions, and what desirable effects industrial pensions have on the economy. Pensions are retirement insurance: They offer protection in case you live long enough to quit collecting a paycheck and can stop working. In the United States, pensions are provided by both public and private sectors. Private sector pension funds are the largest formal financial institution for life-cycle saving, with assets of trillions of dollars. Pensions developed when more traditional forms of life-cycle saving became more difficult to carry out, job tenure increased, and there was a movement away from the spot labor market. Employers wanted to create a stable, experienced work force that was reluctant to leave -- that is, a stock of firm-specific human capital. Thus they had an incentive to create a deferred wage. And workers wanted retirement insurance that was secure. As developing countries begin to employ an older work force with longer job tenure, the demand for defined benefit pensions will rise. Which institution can best provide pensions: the employer, a financial intermediary, or the state? If markets fluctuate because of financial instability, workers will prefer defined benefit plans, and they will want them to be provided by the institution in which they have the most faith. Funding is important in the long run. Sound accounting practices would dictate that the cumulative reserves match pension liabilities as they accumulate. The regular contribution to these funds would be the deferred part of the wage. But historically, in the United States, pensions were funded only when profits were high or tax incentives or regulation dictated. Developing countries will need a sound corporate tax structure and must be willing to forgo some immediate tax revenue, to create a large pension savings fund. This paper -- a joint product of the Finance and Private Sector Development Division, Policy Research Department, and the Financial Sector Development Department -- was presented at a Bank seminar, Financial History: Lessons of the Past for Reformers of the Present, and is a chapter in a forthcoming volume, Reforming Finance: Some Lessons from History, edited by Gerard Caprio, Jr. and Dimitri Vittas.
The development of industrial pensions in the United States in the tweintieth century
Author: Samuel H. Williamson
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
Industrial Pension Systems in the United States and Canada
Author: Murray Webb Latimer
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 644
Book Description
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 644
Book Description
Industrial Pensions
Author: Charles Lee Dearing
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 328
Book Description
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 328
Book Description
Industrial Pensions
Author: Merchants' Association of New York
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 60
Book Description
Industrial Pensions
Author: Commerce and Industry Association of New York
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 56
Book Description
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 56
Book Description