rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Costs and Benefits of Collective Pension Systems
  name:
    name part: Steenbeek, Onno.
    role:
      role term: editor.
  name:
    name part: Lecq, Fieke van der.
    role:
      role term: editor.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2007
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: X, 247 p. online resource.
  abstract: The Dutch pension system is often praised as one of the best in the world: it is efficient, it provides certainty to participants and it preserves cohesion and solidarity among workers and pensioners. This book presents these benefits in detail, supported by quantitative evidence. It also discusses the aspects of the system that are less favourable, however, such as implicit value transfers from younger to older generations that limit mobility of labour. The analyses of both benefits and costs will help pension fund managers, boards of trustees, supervisors, and researchers to understand and to improve pension systems currently in place around the world. Steenbeek and Van der Lecq have assembled a rich combination of academic and practitioner chapters on the functions and dysfunctions of a collective pension system. These analyses carefully identify both the risk-sharing and value-transfer elements of the system and offer a powerful methodology for evaluating each and providing a systematic and objective means to evaluate such systems. Whether novice student or seasoned professional of collective pension issues, this work is a "must have" on the subject. Robert C. Merton John and Natty McArthur University Professor, Harvard Business School Chief Science Officer, Trinsum Group "The Dutch are the globe’s thought-leaders in the design and implementation of retirement income systems. This book offers the rest of the world a first-hand opportunity to learn why this is the case." Keith Ambachtsheer, University of Toronto Director, Rotman International Centre for Pension Management "The Dutch experience, which this book so helpfully lays out, gives the rest of the world a model that is quite distinct from either the disappearing single-employer defined benefit approach and the rising individualistic defined contribution approach. That experience and this book challenge anyone interested in policies for lifetime financial security to consider systemic progress rather than a…
  table of contents: The concept of solidarity -- Solidarities in collective pension schemes -- Solidarity: who cares? -- Quantifying solidarity -- Operating costs of pension schemes -- Optimal risk-sharing in private and collective pension contracts -- Intergenerational value transfers within an industry-wide pension fund —a value-based ALM analysis -- Intergenerational solidarity in the uniform contribution and accrual system -- Everyone gains, but some more than others -- Mandatory participation -- Why mandatory retirement saving? -- Mandatory participation for companies -- Conclusion -- Macroeconomic aspects of intergenerational solidarity -- Summary and conclusions.
  note: edited by Onno Steenbeek, Fieke van der Lecq.
  subject:
    topic: Finance
  subject:
    topic: Economic policy
  subject:
    topic: Population
  subject:
    topic: Aging
  subject:
    topic: Economics
  subject:
    topic: Economic Policy
  subject:
    topic: Finance, general
  subject:
    topic: Population Economics
  subject:
    topic: Aging
  classification: HD87-87.55
  classification: 338.9
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783540743743
  identifier: http://dx.doi.org/10.1007/978-3-540-74374-3
  record info:
    record creation date: 100301
    record change date: 20151204173056.0
    record identifier: 978-3-540-74374-3