Annuity markets and pension reform / George A. (Sandy) Mackenzie.
Material type:
TextPublication details: Cambridge ; New York : Cambridge University Press, 2006.Description: 1 online resource (xiii, 248 pages) : illustrationsContent type: - text
- computer
- online resource
- 0521846323
- 9780521846325
- 9780511226199
- 0511226195
- 0511222971
- 9780511222979
- 9780511224317
- 0511224311
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- 9786610550500
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- 1107164230
- 9781107164239
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- 0511225628
- 9780511225628
- 0511317964
- 9780511317965
- 0511607199
- 9780511607196
- 331.25/24 22
- HD7105.4 .M22 2006eb
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|
eBook
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e-Library | EBSCO Business | Available |
Includes bibliographical references (pages 235-243) and index.
Print version record.
Cover; Half-title; Title; Copyright; Dedication; Contents; List of Tables; Acknowledgments; Introduction; Annuities Ancient And Modern; Renaissance; A Guide To The Book; Chapter Outline; 1 The Demand Side of the Annuity Market; 2 The Supply Side of the Annuity Market; 3 The Regulation of Annuity Providers; 4 Experience with Individual Account Reforms; 5 Individual Liberty versus Security in Retirement, and the Government's Role; 6 Policy Issues with both Public and Private Sector Provision of Mandatory Annuities; 7 Policy Issues with Privatization of the Provision of Annuities.
8 Conclusions and RecommendationsAppendix 1: The Economics and Financing of Annuities; Introduction; A Two-Period Model; Bequests, Lumpy Expenditure, And Other Complications; The Cost And Funding Of Annuities; Relaxing The Assumptions; Adverse Selection; An Aside On The Timing Of Annuitization; The Insurance Value Of Annuities; Appendix 2: Aging and its Impact on Pension Systems; A Parable; Real World Aging Problems; Macroeconomic Aspects Of An Individual Accounts Reform; Glossary; References; Index.
This book treats two vital but neglected public policy issues: how should distributions from individual accounts be regulated, and how can the market for private annuities function better? It provides a comprehensive survey of the issues that arise when contributors to individual accounts become eligible for distributions.
English.
Added to collection customer.56279.3