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The Oxford Handbook of Pensions and Retirement Income

Edited by Gordon L. Clark, Alicia H. Munnell, and J. Michael Orszag

Price: £100.00 (hardback)
ISBN-13: 978-0-19-927246-4
Publication date: 20 July 2006
936 pages, numerous tables & figures, 246x171 mm
Series: Oxford Handbooks in Business and Management
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Reviews
  • 'The Oxford Handbook of Pensions and Retirement Income is sure to become an invaluable reference for researchers and students, actuaries and benefits counselors, corporate and labor-oriented analysts, and indeed all in the pension design and financial services business. Volume contributors are leading authorities who provide a systematic and thorough review of the diverse issues that arise in the structuring, management, regulation, and understanding of public and private pension systems. Chapters include a diverse set of financial, economic, historical, and institutional perspectives shaping the key institutions on which so many millions rely for financial security around the globe. This book will be a welcome addition to my bookshelf.' - Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor; Executive Director of The Pension Research Council; The Wharton School of the University of Pennsylvania
  • 'This is a fascinating and incredibly useful book for anyone interested in the problem of retirement income provision. Its 42 chapters by the leading thinkers and researchers in the subject cover almost every imaginable topic, from the history of retirement plans, through current structures and problems to the future. By producing this book, Clark, Munnell, and Orszag have provided an invaluable resource.' - Michael J. Clowes, author of The Money Flood: How Pension Funds Revolutionized Investing
  • 'In terms of scale and scope, this is surely the most comprehensive handbook on pensions and retirement ever compiled. This makes it a 'must have' for every serious student of this fascinating field.' - Keith Ambachtsheer, Director, Rotman International Centre for Pension Management, University of Toronto
  • 'Today, there are only few accurate overviews on the actual state of pension issues in an international comparative context. With respect to this fact, The Oxford Handbook of Pension and Retirement Income closes an obvious gap between theoretical concepts and practical experiences using a reader-friendly format. Combining leadership experience with practical background from comparative viewpoints, the authors provide useful insights into the different approaches and the common goal of pension systems worldwide. Many thanks to the publishers of this exciting oeuvre for an important contribution to modern socio-economic discussions on pension systems.' - Dr. Werner Nussbaum, Legal expert for pension systems, Berne/Seoul

Description
  • A comprehensive review of pensions and retirement income research and practice
  • In each chapter, using a uniform structure, leading researchers and practitioners survey their area of expertise
  • Clear book structure ensures ease of reference
  • Examines implications for current and future provision of pension and retirement income of demographic ageing, the changing financial circumstances of nation states, and globalization
The Oxford Handbook of Pensions and Retirement Income is the only comprehensive review available of the latest research, policy-related tools, analytical methods and techniques, and major theoretical frameworks and principles of pension and retirement income. Featuring over forty contributions from leading academic and professional experts, the handbook draws on research from a range of academic disciplines to reflect on the implications for current and future provision of pension and retirement income of demographic ageing, the changing financial circumstances of nation states, and globalization. An indispensable desk reference for researchers and practitioners in the area, it is also essential for policymakers and those with broad interests which include this very important area.

Contributors:

William C. Apgar, Camila Arza, Anthony Asher, Vickie L. Bajtelsmit, Armando Barrientos, Rob Bauer, Gary Burtless, John Y. Campbell, Gordon L. Clark, Adam Creighton, E Philip Davis, Johan J. De Deken, Zhu Xiao Di, Richard Disney, Bernhard Ebbinghaus, Robin Ellison, Ewald Engelen, Gosta Esping-Andersen, Teresa Ghilarducci, Tryggvi Thor Herbertsson, Roy P.M.M. Hoevenaars, Tony Hope, Yu-Wei Hu, Paul Johnson, André Laboul, Florence Legros, David McCarthy, Warren McGillivray, Carmelo Mesa-Lago, Marilyn Moon, Alicia H. Munnell, John Myles, David Neumark, Naohiro Ogawa, J. Michael Orszag, Hanam S. Phang, John Piggott, Eduard Ponds, James Poterba, Neha Sand, Steven Sass, Julian Savulescu, Tom B.M. Steenkamp, Annika Sundén, Noriyuki Takayama, Patricia Thane, Ian Tonks, Bart van Riel, Steven F. Venti, Luis M. Viceira, Noel Whiteside, Geoffrey Whittington, David A. Wise, and Juan Yermo.

Readership: Academics, Researchers, and Grarduate Students of Finance, Economics, Business, and Law; Industry and Public Policy practitioners specializing in pension provision, management, and policy planning; Pension consultants and actuaries.

Contents
Introduction
1. The Agenda , Gordon L. Clark, Alicia H. Munnell, J. Michael Orszag
2. Pension and Retirement Income in a Global Environment , Gordon L. Clark, Alicia H. Munnell, J. Michael Orszag
I Retirement in Context
Creating Modern Retirement
3. The History of Retirement , Pat Thane
4. The Development of Public Pensions from 1889 to the 1990s , Camila Arza and Paul Johnson
5. The Development of Employer Retirement Income Plans: from the Nineteenth Century to 1980 , Steven Sass
6. Changing Work Patters and the Reorganization of Occupational Pensions , Ewald Engelen
7. Gender, the Family, and the Economy , Vickie L. Bajtelsmit
8. Social Solidarity , Bart van Riel, Johan De Deken, and Eduard Ponds
The Economic Context
9. Demography and Ageing , Naohiro Ogawa and Noriyuki Takayama
10. Life-cycle Options and Preferences , Florence Legros
11. Funding, Saving and Economic Growth , Philip Davis and Yu-Wei Hu
II Public Retirement Plans
State Old-Age Pension Programs
12. Structure and Performance of Defined Benefit Schemes , Warren McGillivray
13. The Structure and Performance of Mandated Pensions , Adam Creighton and John Piggott
14. Actuarial-based Public Pension Systems , Richard Disney
Entitlements and Pensions
15. Citizenship, Entitlement, and Mobility , Robin Ellison
16. Early Retirement , David Wise
17. Meeting Health and Long-term Care Needs in Retirement , Marilyn Moon
III Employment-Sponsored Retirement Plans
Structure of Employer-Sponsored Pensions
18. Employer-Sponsored Plans: The Shift from Defined Benefit to Defined Contribution , Alicia H. Munnell
19. Organized Labor and Pensions , Teresa Ghilarducci
20. Corporate Finance and Capital Markets , Michael Orszag
Pension Plan Investments
21. Asset Liability Management , Rob Bauer, Roy Hoevenaars and Tom Steenkamp
22. Strategic Asset Allocation for Pension Plans , 1. John Y. Campbell and Luis M. Viceira
23. Pension Fund Management and Investment Performance , Ian Tonks
Pension Plan Governance
24. Regulation of pension fund governance , Gordon L. Clark
25. Regulatory Principles and Institutions , Andre Laboul and Juan Yermo
26. Accounting Standards for Pension Costs , Geoffrey Whittington
IV Individual and Household Retirement Provision
Individual Pnesions, Insurance, and Saving
27. Occupational pension scheme design , David McCarthy
28. Annuities, Risk, and Longevity , James Poterba
29. Personal Pensions and Markets , Tryggvi Thor Herbertsson
Individual and Household Retirement Planning
30. Choice, Behavior, and Retirement Saving , Steven F. Venti
31. Housing Wealth and Retirement Savings , Bill Apgar and Zhu Xiao Di
32. The Elderly and Ethical Financial Decision-Making , Julian Savulescu and Tony Hope
V Looking Ahead
Prospective Models
33. Structure Pension Reform - privatisation - in Latin America , Carmela Mesa-Lago
34. Private Pensions and Public Policy: the Public-Private Divide Reappraised , Noel Whiteside
35. Unending Work , Annika Sunden
Challenges
36. Productivity, Compensation, and Retirement , David Neumark
37. Poverty and Inequality , Gary Burtless
38. The Politics of Reform: Managing Interest Group Conflicts , Bernhard Ebbinghaus
Emerging Economies
39. Pensions for Development and Poverty Reduction , Armando Barrientos
40. Retirement Income Systems in Asia , Hanam S. Phang
41. Pensions in Africa , Anthony Asher
Coda
42. Sustainable and Equitable Retirement in a Life Course Perspective , Gosta Esping-Andersen and John Myles

Authors, editors, and contributors


Edited by Gordon L. Clark, Halford Mackinder Professor of Geography, Oxford University,
Alicia H. Munnell, Peter F. Drucker Chair in Management Sciences , Carroll School of Management, Boston College, and
J. Michael Orszag, Head of Research, Watson Wyatt


Links to web resources and related information
More in the same subject area:
International business
Pensions
Budgeting & financial management
Financial law

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