A presentation, from leading experts in the field, of the development of the welfare state in the UK. Looking at both historical processes and the welfare systems current state, these contributors provide an authoritative analysis, filled with data.
A presentation, from leading experts in the field, of the development of the welfare state in the UK. Looking at both historical processes and the wel...
Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis...
Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not ...
