[cover]

Private Pension Policies in Industrialized Countries

A Comparative Analysis

John A. Turner, U.S. Department of Labor
Noriyasu Watanabe, International Pension Research Institute,

(The first chapter of this book is available in .pdf format.)

Residents of many industrialized nations, the U.S. included, are finding that a trusted source of post-retirement income is threatened. Costs of government-operated retirement programs (social security) are steadily rising as a share of GDP, necessitating cutbacks in benefit generosity and increased payroll taxes. This reduced rate of return on social security for individuals means private pension systems are an increasingly important means of financial support for retirement-age residents.

In this comprehensive review of private pension systems in effect world-wide, Turner and Watanabe discuss the fundamental issues facing nations as they adopt and expand private pension systems including:
  • The degree of privatization
  • Tax policy
  • Risk and insurance from risk
  • Pension financing
  • Labor market issues
  • The adequacy of retirement income.
Related titles
  • Individual Accounts for Social Security Reform, John Turner
  • Employee Benefits and Labor Markets in Canada and the United States, William T. Alpert and Stephen A. Woodbury, Editors
  • Pensions and Productivity, Stuart Dorsey, Christopher Cornwell, and David Macpherson
  • Pension Incentives and Job Mobility, Alan L. Gustman and Thomas L. Steinmeier
  • Pension Policy for a Mobile Labor Force, John A. Turner
    • Specific policies in effect in several private pension systems are analyzed including those in nations dominating world pension assets (Japan, Germany, the U.K., and the U.S.), as is the country whose system is widely regarded as the model for developing nations, Chile. Turner and Watanabe also provide a compendium on the worldwide trends influencing pension systems and their implications for pension policy.
    "For policy makers, policy advisors, and ordinary citizens considering reforms of existing pension systems or designs of new ones, this is a 'must' read." Industrial and Labor Relations Review
    170 pp. 1995
    $40 cloth ISBN 0-88099-150-X / ISBN-13 978-0-88099-150-6
    $15 paper ISBN 0-88099-149-6 / ISBN-13 978-0-88099-149-0.

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