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Social Security Reform: Financial and Political Issues in International Perspective »

Book cover image of Social Security Reform: Financial and Political Issues in International Perspective by Robin Brooks

Authors: Robin Brooks, Assaf Razin
ISBN-13: 9780521141864, ISBN-10: 0521141869
Format: Paperback
Publisher: Cambridge University Press
Date Published: March 2010
Edition: (Non-applicable)

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Author Biography: Robin Brooks

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.

Book Synopsis

This book focuses on the underlying economic issues of the debate over public pension system reform.

Table of Contents

Introduction1
1The developed world's demographic transition - the roles of capital flows, immigration, and policy11
2Will Social Security and Medicare remain viable as the U.S. population is aging? : an update44
3Self-control and saving for retirement73
4Social Security investment in equities145
5Investing public pensions in the stock market : implications for risk sharing, capital formation, and public policy in the developed and developing world183
6The risk-sharing implications of alternative Social Security arrangements206
7Asset market effects of the baby boom and Social Security reform247
8Demographic structure and asset returns268
9Will bequests attenuate the predicted meltdown in stock prices when baby boomers retire?307
10Aging and the private versus public pension controversy : a political-economy perspective321
11How would you like to reform your pension system? : the opinions of German and Italian citizens333

Subjects