International Comparison of Pension Systems: An Investigation from Consumers’ Viewpoint

ISBN-13: 9789811964459 / Angielski / Twarda / 2022 / 514 str.

Hongmu Lee; Gianni Nicolini; Man Cho

Opis

This book is about retirement income security. This income security is provided by national public pensions, corporate pensions, and individual and reverse mortgages. However, these systems vary greatly from country to country and, in many countries, do not provide sufficient coverage. Ensuring income security in old age is an important issue that must be resolved in the rapidly aging environment of the world.

From the perspective of financial consumers, this book cross-sectionally surveys public pensions, corporate pensions, individual pensions and reverse mortgages and compares them among many important nations. This gives many implications from the perspective of designing an overall income security for each individual. In addition, it presents many of the issues needed for these sustainable and comprehensive income security.

Spis treści

PART I: INTRODUCTION

Ch. 1. The National Pension Systems and Financial Consumers: An international comparative perspective on the key linkages

PART II: COUNTRY CHAPTERS

Countries with pension systems at a mature stage            

Ch. 2 - Retirement Income Security in the United States:An Overview of the Public and Private Retirement System

Ch. 3 Retirement Income Security in the Japan: An Overview of the Public and Private Pension System    

Ch. 4: The Italian Pension System             

Ch. 5: The Polish Pension System             

Ch. 6: The Swiss Pension System              

Countries in the establishment phase of the pension system       

Ch. 7: The Korean Pension System           

Ch. 8 - Preparing for Rainy Days at the Old Age in Singapore –     

Ch. 9: The Chinese Pension System         

Countries in the Institutional Entry Phase             

Ch.10: The Bangladesh Pension System 

Ch. 11: The Indonesian Pension System

Ch. 12 - Vietnam’s Pension system in the context of aging population      

PART III: SPECIAL TOPICS              

Ch. 13: Role of the Private Pension Programs      

Ch. 14 - THE U.S. PENSIONS AND TAXATION        

Ch. 15: Home Equity Monetization Schemes: An Inter-Country Survey     

O autorze

Hongmu Lee is a professor of risk management and insurance at the Waseda University, Tokyo in Japan. He received his Ph.D. from the Waseda University. He is also the President of the Insurance and Risk Management Institute of Waseda University. This Insurance and Risk Management Institute is aiming the research with cooperation between industry and the academic world internationally on the insurance and risk management. He has authored several books and articles in academic and professional journals mainly Korea and Japan.

Gianni Nicolini is Associate Professor of Finance at the University of Rome Tor Vergata (Rome, Italy). He received a PhD in Banking and Finance at the Universit of Rome Tor Vergata. His main research interests include consumer finance, financial literacy, and financial behaviors, including pension planning behaviors. He has published in international peer reviewed academic journals and published several books.

Man Cho is a full professor at KDI School of Public Policy and Management in Korea, and is currently serving as Chairman of International Academy of Financial Consumers, an international academic association. His teaching and research areas include FinTech, credit risk management, real estate finance, and and urban and regional economics. Prior to his current position, he worked for Fannie Mae and the World Bank, and also taught at the Johns Hopkins University in the U.S. He holds a Ph.D degree in Applied Economics and Managerial Science from the Wharton School of the University of Pennsylvania in 1991.