make the most of Lovereading debuts of the month Harry Potter House Eds granchester eligible curtis sittenfeld
Search our site
Alex, Approximately by Jenn Bennett Read the opening extract of the brand new Jenn Bennett book before its publication on 27/07/2017

Pension Provision Government Failure Around the World by Philip Booth
  

Pension Provision Government Failure Around the World

RRP £15.00

Synopsis

Pension Provision Government Failure Around the World by Philip Booth

This monograph surveys the results of government intervention in the market for retirement income provision throughout the world. The authors begin by looking at high-income democracies in which governments have, to a large degree, taken over the function of providing pensions. They find that state provision crowds out private provision and places a considerable fiscal burden on developed country governments. This fiscal burden is then combined with complex regulatory systems that are imposed on the private sector and which make pensions incomprehensible. Furthermore, as the authors show, the ageing populations may make meaningful reform of government pensions programmes impossible, as 'grey' electors flex their muscles. The authors find the same patterns in middle-income and low-income countries. State pension systems are often found hand-in-hand with a lack of security, partly because of the problems of corruption and inflation. The state frequently does its best to crowd out private initiative, but, where they are allowed to, families make provision for retirement in all sorts of ingenious ways. The authors reject the World Bank blueprint of formal, structured pension systems. They suggest instead that governments focus on ensuring that the legal and financial infrastructure exists to allow people to make proper provision for their retirement. So-called 'market failure' will always ensure that the result is imperfect. But, by comparison, government failure around the world has had catastrophic effects.

About the Author

Philip Booth is editorial and program director at the Institute of Economic Affairs and a professor of insurance and risk management at Cass Business School. He worked for the Bank of England as an advisor on financial stability issues and has written widely, including a number of books, on investment, finance, social insurance, and pensions, as well as on the relationship between Catholic social teaching and economics. He is editor of economic affairs and associate editor of the Annals of Actuarial Science and the British Actuarial Journal. Oskari Juurikkala is a Research Fellow with the Institute of Economic Affairs, and CEO at Larsson & Fellows. Nick Silver is chief actuary at Parhelion Capital Limited and director of Silver Actuarial Services. He is a fellow of the Institute of Actuaries and the Institute of Economic Affairs, senior honorary visiting fellow at Cass Business School, and chairman of the actuarial profession's Environmental Research Group. Alistair Byrne is a senior lecturer in finance at the University of Edinburgh Business School, and a fellow of the Pensions Institute at Cass Business School London.

More books by this author
Author 'Like for Like' recommendations

Loading other formats...

Book Info

Publication date

28th October 2008

Author

Philip Booth

More books by Philip Booth
Author 'Like for Like'
    recommendations

Publisher

Institute of Economic Affairs

Format

Paperback
318 pages

Categories

Pensions

ISBN

9780255366021

A well laid out site, I love the fact that is separates paranormal fiction from fantasy and horror, which other sites don't.

Jen Rainbow

Because of Lovereading I have broadened my reading horizons with some really great books that I probably would never have chosen myself.

Susan Walsh

I love Lovereading because of its ability to connect people that love books & unite them in a friendly, stimulating & interesting community.

Megan Olwen William

I love the newsletter with reviews of all the new books coming out. Can't wait to open it when it arrives in my inbox.

Rachel Aygin

Lovereading are lovely people who send me lovely books. What's not to love?

Gavin Dimmock

A great place to go to find your next literary escape, and where you don't have to judge a book by its cover!

Suzanne Beney

It's the first site that I visit when deciding on the next set of books to buy. A particular treat is being able to download an extract.

Tessa Olson

Love books. Love reading. Love reading books. And, here's the trick. Here's a website which caters for people like me.

Ian Harvey-brown

Lovereading4kids

Lovereading4schools