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Author: Richard A. Ippolito
Publisher: University of Chicago Press
ISBN: 9780226384559
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Chief economist for the Pension Benefit Guaranty Corporation and formerly with the U.S. Department of Labor, Richard A. Ippolito shows how pension plans can attract and retain more dedicated and productive workers. He also offers a blueprint for revising the social security plan with work incentives that would strengthen the system's financial condition.
Author: Richard A. Ippolito
Publisher: University of Chicago Press
ISBN: 9780226384559
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Chief economist for the Pension Benefit Guaranty Corporation and formerly with the U.S. Department of Labor, Richard A. Ippolito shows how pension plans can attract and retain more dedicated and productive workers. He also offers a blueprint for revising the social security plan with work incentives that would strengthen the system's financial condition.
Author: Robert L. Clark
Publisher: Elsevier
ISBN: 1483138550
Category : Business & Economics
Languages : en
Pages : 45
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Book Description
Cost-Effective Pension Planning
Author: Stuart Dorsey
Publisher: W E Upjohn Inst for
ISBN: 9780880991858
Category : Business & Economics
Languages : en
Pages : 139
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Book Description
This book analyzes the productivity theory of pensions. First, it reviews the history and institutional practices of private pensions and government policy. Chapter 1 discusses demand-side and supply-side perspectives on pensions, the significance of the productivity theory of pensions, and the organization of this book. Chapter 2 traces origins of private pensions and evolution of current coverage and discusses federal policies. Chapter 3 shows how workers who leave a job with a defined-benefit pension are penalized, presents advantages of defined-benefit plans in establishing retirement incentives, and discusses how defined-contribution plans may convey productive incentives. Second, the book considers whether pension incentives are consistent with models of internal labor markets. Chapter 4 reviews employment models in which specific training and monitoring costs generate job-specific productivity gains and compares pension incentives with ideal solutions. Third, the book evaluates empirical evidence that pensions promote productivity. Chapter 5 reviews empirical studies that test the pension-productivity hypothesis, which addresses the growing popularity of defined-contribution plans. It considers whether the declining market share of defined-benefit plans is evidence that pension incentives are no longer important. Chapter 6 tests one of the channels by which pensions may enhance worker productivity: by promoting investments in worker training. Chapter 7 reports direct estimates of productivity gains for firms that sponsor defined-benefit pensions. Chapter 8 presents a pension policy and research recommendations. (Appendixes contain 131 references and author and subject indexes.) (YLB)
Author: Richard Hinz
Publisher: World Bank Publications
ISBN: 0821381601
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Author: Mario Arturo Ruiz Estrada
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This paper formulates an analytical framework to analyze whether pension growth can be a determinant of economic growth. The Pension Scheme Performance Evaluation Model (PSPE-Model) intends to study the performance of pension schemes from a macroeconomic perspective. The PSPE-Model tests whether the marginal optimum national pension system coverage critical point based on the national productivity growth performance is simultaneously determined by the efficient coordination of private and public pension system programs coverage and the national productivity level. The model investigates the marginal optimum national pension system coverage critical point of two Asian countries, Japan and Malaysia.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
This paper examines how pension plans affect employee behavior and firm performance. Theoretically, the impact of pensions on firm performance cannot be predicted. Firms with pensions should have lower turnover rates and more efficient retirement decisions; their employees will be less likely to shirk. On the other hand, pension compensation is not very closely linked to worker performance and there is some risk that turnover may fall too much. The evidence indicates that although wages do not seem to fall with pension compensation, profit rates are not affected by pension coverage. This suggests that pension coverage is associated with higher productivity, a proposition that is supported by indirect evidence on pensions, turnover, and productivity but not by direct tests of how pension coverage and productivity are correlated
Author: Kristian Kanthak
Publisher: GRIN Verlag
ISBN: 3638166325
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
Seminar paper from the year 2002 in the subject Economics - Finance, grade: 1,0, University of St Andrews (Department of Economics), course: Public Finance, language: English, abstract: This essay discusses the weaknesses of current public pension systems and derives suggestions for improvements. Starting with an analysis of the existing pay-as-you-go systems by describing the functionality and economic conditions required to make such a system work, it states that the former systems are not appropriate anymore due to major changes in the ecomomic environment (eg. demographic change). Taking the ongoing, significant changes in the most important variables that affect a pension system as given, it shows how future pnesion systems should be shaped.
Author: Great Britain. Department for Work and Pensions
Publisher: Buster Books
ISBN: 9781847632555
Category :
Languages : en
Pages : 30
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Book Description
Author: Dennis E. Logue
Publisher: Oxford University Press, USA
ISBN: 9780875847917
Category : Pension trusts
Languages : en
Pages : 0
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Book Description
Pension funds are big business. They are important to employers, employees, governments, and society at large. With the increasing concern over dwindling retirement pension fund crises, managing pension plans has never been more critical--and the pressure on those who are responsible for them has only intensified. Destined to become the classic resource on pension plan management, Managing Pension Plans explains everything you need to know for successful management of any pension plan--from how pension plans help sponsors manage their workforces to the latest in investment and risk management. With concise and practical Managing Pensions Plans is an indispensable resource for pension fund trustees, boards of directors, managers, and administrators of both public and private pension plans as well as for the money management firms, consultants, actuaries, and accountants who serve the pension fund industry. Logue and Rader, two of the world's leading experts on the subject, explain all the financial, legal, economic, accounting, and managerial issues that those who make pension fund decisions must juggle--in language that non-financial managers can understand, yet with sufficient depth to be useful to financial managers as well. The authors synthesize the latest in capital market and financial economics research to help those involved in pension management improve their decision-making in all the critical areas. In addition, the book describes in detail the responsibilities of fiduciaries, revealing how to be both a prudent fiduciary and a capable decision maker. Managing Pension Plans offers candid advice on how pension managers can improve fund performance by being more effective shareholders. As pension fund management and performance increasingly affect the success of organizations as a whole, this book will be indispensable to anyone--from fund analysts to board members-who influences pension fund decisions.
Author: Alessandro Cigno
Publisher: MIT Press
ISBN: 0262033690
Category : Child welfare
Languages : en
Pages : 229
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Book Description
An analysis of the effect of public pension schemes on a country's fertility rate and a proposal for policies to reform pension coverage in light of this. The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are retirees drawing pension benefits, but the youth-to-age imbalance would significantly affect the total contributive capacity of future generations and hence their total income growth. In Children and Pensions, Alessandro Cigno and Martin Werding examine the way pension policy and child-related benefits affect fertility behavior and productivity growth. They present theoretical arguments to the effect that public pension coverage as such will reduce aggregate fertility and may raise aggregate household savings. They argue further that public pensions, as they are currently designed, discourage parents from private human capital investment in their children to improve the children's future earning capacity. After an overview of pension and child benefit policies (focusing on the European Union, Japan, and the United States), the authors offer an empirical and theoretical analysis and a simulation of the effects of the policies under discussion. Their policy proposals to address declines in fertility and productivity growth include the innovative suggestion that relates a person's pension entitlements to his or her number of children and the children's earning ability--proposing that, in effect, a person's pension could be financed in part or in full by the pensioner's own children.
