Unfunded pension systems : ageing and migration /
Material type:
TextPublication details: Amsterdam ; London : Elsevier, c2004.Description: xii, 271 p. :illISBN: - 0444517324
- 9780444517326
- 331.252 UEB
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CBN BAUCHI BRANCH LIBRARY General Stacks | Non-fiction | 331.252 UEB (Browse shelf(Opens below)) | c.1 | Available | 31008100194600 | ||
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| 331.11 MCK Uncertainty and the labour market : | 331.1109669 PUT Putting Nigeria to work : | 331.1142 ECO The economics of skills obsolescence : | 331.252 UEB Unfunded pension systems : | 331.2524 FIN Pension funds and insurance reserves : | 331.88 INT International handbook of trade unions / | 332/.042 FUN Fundamentals of international finance / |
Includes bibliographical references and index.
Pension systems in most industrialised countries are unfunded, i.e. they are pay-as-you-go financed and thus depend on a well-balanced ratio (old) recipients to (young) contributors. This so-called dependency ratio will worsen significantly in the next few decades due to two developments: ageing of the population and increased labour mobility.This book analyses the viability of unfunded pension systems in the presence of the projected demographic evolution. The analysis focuses on questions concerning a) efficiency considerations and the possibility of welfare improvements; b) political economy aspects and the feasibility of reforms; c) the process of European integration and its influence on national pension systems. The theoretical analysis is complemented in numerous ways by quantitative parts and institutional details.
rpm 22/09/16, ijb 19/03/2019
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