Authors: Robin Brooks, Assaf Razin
ISBN-13: 9780521141864, ISBN-10: 0521141869
Format: Paperback
Publisher: Cambridge University Press
Date Published: March 2010
Edition: (Non-applicable)
Robin Brooks is an economist in the Financial Studies Division of the Research Department at the International Monetary Fund in Washington, DC. His research focuses on the growing importance of financial linkages across countries and their implications for risk reduction strategies in portfolio management. Before joining the IMF, Dr Brooks was a Research Fellow in the Economic Studies Program at the Brookings Institution, where he studied the effects of population aging on financial markets.
Assaf Razin is the Mario-Henrique Simonsen Professor of Public Economics at Tel Aviv University and the Friedman Professor of International Economics at Cornell University. He is particularly known for his work on human capital growth, the economics of the family, public economics and international economics. Professor Razin has co-authored numerous books, including Fiscal Policies and Growth in the World Economy, Labor, Capital, and Finance: International Flows (Cambridge University Press, 2001), and the forthcoming The Decline of the Welfare State: Political Economics of Aging, Migration and Globalization.
This book focuses on the underlying economic issues of the debate over public pension system reform.
Introduction | 1 | |
1 | The developed world's demographic transition - the roles of capital flows, immigration, and policy | 11 |
2 | Will Social Security and Medicare remain viable as the U.S. population is aging? : an update | 44 |
3 | Self-control and saving for retirement | 73 |
4 | Social Security investment in equities | 145 |
5 | Investing public pensions in the stock market : implications for risk sharing, capital formation, and public policy in the developed and developing world | 183 |
6 | The risk-sharing implications of alternative Social Security arrangements | 206 |
7 | Asset market effects of the baby boom and Social Security reform | 247 |
8 | Demographic structure and asset returns | 268 |
9 | Will bequests attenuate the predicted meltdown in stock prices when baby boomers retire? | 307 |
10 | Aging and the private versus public pension controversy : a political-economy perspective | 321 |
11 | How would you like to reform your pension system? : the opinions of German and Italian citizens | 333 |