With birth rates falling at the same time that average ages are rising in the developed world, the pensions time bomb is ticking louder than ever. This timely new book is an extremely useful contribution to this important issue.

For more than fifty years, pensions have been the subject of academic enquiry and controversy. Debates have raged over, amongst other things, the need for pensions, the means by which they might be delivered, their implications for the public finances, their impact on an individual s employment motivations and their significance for national and global capital markets. These debates, and others, have spawned a vast and disparate literature.

Currently, the issue that most often exercises the minds of academics and policy makers is that of pension reform. It is widely recognized that...

Corporate tax reform is in the air. Competitive pressures from globalization, as well as skyrocketing budget deficits, are forcing lawmakers to rethink how America's largest businesses are taxed. Some want to close "loopholes." Others want to end all U.S. tax on foreign profits. Some want to lower rates, while still others want to abolish the corporate tax altogether and replace it with an entirely new system. Unlike many other books on tax policy, Corporate Tax Reform: Taxing Profits in the 21st Century is not selling an idea or approaching the issue from a particular political...