Costs and Benefits of Collective Pension Systems

2007
ISBN: 978-3-540-74373-6
Verlag: Springer Berlin Heidelberg

Buch, Englisch, 247 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 400 g

In January 2006, the Dutch Association of Industry-wide Pension Funds (VB) told us about their plan to prepare a book on solidarity in collective pension systems. We were intrigued by this topic, both because of our - terest in the pension sector and because of the connection with solidarity in a cost-benefit approach. After some discussions with VB director Peter Borgdorff, we decided to start a project with leading scholars and prac- tioners, which was to result in a book. We hoped that the researchers could investigate the extent of value transfers within collective pension funds, so that quantitative indications of this institutionalized solidarity would - come publicly available. While the book was in progress, the discussion on solidarity and mandatory pension systems became very topical, and so 1 were the results of the analyses. When the book was released in Dutch, the chapter on costs differentials between pension funds and insurance companies also drew much attention. In the early months of 2007, the political and professional debates c- tinued, with increasing attention from pension experts from abroad. This made us decide to try and arrange a translated version of the book. We were happy to find Springer Verlag, and collaborate with their enthusi- tic publisher Dr. Niels Peter Thomas. We are also grateful to the Pension Science Trust (Stichting Pensioenwetenschap) for subsidizing the trans- tion by Language Lab, and to the earlier mentioned VB for their generous collaboration in getting the international edition released.

Zielgruppe

Professional/practitioner

Autoren/Hrsg.

Lecq, S. G. Fieke van der

Steenbeek, Onno W.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Arbeitsmarkt
• Sozialwissenschaften Psychologie Allgemeine Psychologie Entwicklungspsychologie Gerontopsychologie
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Sozialwissenschaften Soziologie | Soziale Arbeit Soziologie Allgemein Demographie, Demoskopie
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Sozialwissenschaften Soziologie | Soziale Arbeit Altersgruppen Alterssoziologie

Inhaltsverzeichnis

The concept of solidarity.- Solidarities in collective pension schemes.- Solidarity: who cares?.- Quantifying solidarity.- Operating costs of pension schemes.- Optimal risk-sharing in private and collective pension contracts.- Intergenerational value transfers within an industry-wide pension fund —a value-based ALM analysis.- Intergenerational solidarity in the uniform contribution and accrual system.- Everyone gains, but some more than others.- Mandatory participation.- Why mandatory retirement saving?.- Mandatory participation for companies.- Conclusion.- Macroeconomic aspects of intergenerational solidarity.- Summary and conclusions.