The Role and Effect of Private Pensions in the American Economy
Author: Gerald Everett Thompson
Publisher:
Published: 1953
Total Pages:
ISBN-13:
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Author: Gerald Everett Thompson
Publisher:
Published: 1953
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Laurence J. Kotlikoff
Publisher: University of Chicago Press
Published: 2008-04-15
Total Pages: 488
ISBN-13: 0226451488
DOWNLOAD EBOOKFor anyone with an interest in pensions—workers and employers, personnel directors, accountants, actuaries, lawyers, insurance agents, financial analysts, government officials, and social scientists—this book is required reading. Now, without the aid of a pension specialist, anyone can determine how their particular pension plan stacks up against the average. Using virtually all available government sources (including computerized data unavailable in print) and their own extensive surveys, the authors present a comprehensive description of the structural features and financial conditions of U.S. private, state, city, and municipal pension plans. The introductions to the hundreds of tables explain and highlight the information. The picture that emerges of the "typical" plan and its significant variations is crucial to all those with a financial stake in pensions. The reader can compare pension vesting, retirement, and benefit provisions by plan type, plan size, industry, union status, and many more characteristics. With this information, workers can evaluate just how generous their employer is; job applicants can compare fringe benefits of prospective employers; personnel directors can judge their competitive edge. The financial community will find especially interesting the analysis of the unfunded liabilities of private, state, and local pension funds. The investment decisions of private and public pension funds and their return performances are described as well. Government officials and social scientists will find the analysis of pension coverage, the receipt of pension income by the elderly, cost-of-living adjustments, and disability insurance of special importance in evaluating the proper degree of public intervention in the area of old age income support. Pensions in the American Economy is comprehensive and easy to use. Every reader, from small-business owners and civil servants to pension fund specialists, will find in it essential information about this increasingly important part of labor compensation and retirement finances.
Author: Miltiadis Nektarios
Publisher: Routledge
Published: 2019-09-16
Total Pages: 198
ISBN-13: 1000308677
DOWNLOAD EBOOKDr. Nektarios examines the principles and criteria under lying public pension programs and assesses the effect of these programs on general economic growth. He begins by discussing the economic rationale of public pensions, then analyzes the influence of economic and demographic variables on the cost of a pension program and the effects of public pension systems on aggregate levels of income and capital stock. Suggesting that Feldstein's social security wealth(SSW) variable overestimates the amount of wealth generated by public pensions, Dr. Nektarios constructs a new SSW variable and uses it to estimate the impact of the u.s. Old Age and Survivors Insurance(OASI) program on capital formation and economic growth in the U.S. economy. The results of his econometric analysis suggest that operation of the OASI program has reduced capital formation by 10to 14 percent.
Author: Alicia Haydock Munnell
Publisher: Brookings Institution Press
Published: 1982
Total Pages: 260
ISBN-13:
DOWNLOAD EBOOKMonograph comparing the economic implications of private pension schemes with the social costs of social security-based old age benefits in the USA - describes the historical background of retirement savings, the taxation system allowing tax deductions for employers' contributions, to private schemes, examines investment behaviour, the effect of inflation on cost of living allowance, social security financing problems, etc. Diagrams, graphs, references and statistical tables.
Author: James H. Schulz
Publisher:
Published: 1970
Total Pages: 76
ISBN-13:
DOWNLOAD EBOOKAuthor: Zvi Bodie
Publisher: University of Pennsylvania Press
Published: 1992
Total Pages: 312
ISBN-13:
DOWNLOAD EBOOKSix papers--with additional commentary--presented at the March 1990 Wharton School Pension Research Council Spring Conference in Philadelphia. In the first five chapters, the contributors focus on the major ways in which pensions affect the US economy. The sixth chapter explores the international experience. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Robert M. Ball
Publisher:
Published: 1952
Total Pages: 120
ISBN-13:
DOWNLOAD EBOOKAuthor: Zvi Bodie
Publisher: University of Chicago Press
Published: 2008-04-15
Total Pages: 466
ISBN-13: 0226062899
DOWNLOAD EBOOKThis book provides valuable information and analysis to managers, policymakers, and investment counselors in the rapidly expanding field of pension funding. American workers, too, need answers and insights on how to invest their money and plan for their retirement. fifteen of America's leading financial analysts address such pressing questions as -What is the current financial status of the elderly, and how vulnerable are they to inflation? -What is the impact of inflation on the private pension system, and what are the effects of alternative indexing schemes? -What roles can the social security system play in the provision of retirement income? -What is the effect of the tax code and the Employee Retirement Income Security Act of 1974 (ERISA) on corporate pension policy? -How well funded are corporate pension plans, and is a firm's unfunded pension liability fully reflected in the market value of its common stock? Many of the conclusions these experts reach contradict and challenge popular views, thus providing fertile ground for innovation in pension planning.
Author: United States. Congress. Joint Economic Committee. Subcommittee on Fiscal Policy
Publisher:
Published: 1966
Total Pages: 544
ISBN-13:
DOWNLOAD EBOOKConsiders need for Federal regulation of management of private pension programs.
Author: Mark Hyde
Publisher: Springer
Published: 2016-08-31
Total Pages: 162
ISBN-13: 1137580356
DOWNLOAD EBOOKThis book argues that the implementation of compulsory, highly regulated, privately administered, defined contribution pensions facilitates rent-seeking behaviour on the part of the pension fund administrators and undermines the retirees’ income and well-being. While the book focuses primarily on Chile, its analysis and conclusions are applicable to several Latin American and Eastern European countries where privately administered pension systems have been implemented. Chapters evaluate the scholarly literature and empirical evidence around three aspects of the pension fund industry: structure, pricing and performance. The authors conclude that state regulation has facilitated the accumulation of capital in the hands of the pension fund administrators. They also demonstrate that these systems owe more to the values and principles of conservative philosophy than to neoliberalism in providing alternative solutions to the rent-seeking approach to retirement.