The Oxford Handbook of Pensions and Retirement Income

Anna M. Rappaport, The Journal of PEF a very good resource.


Olivia S. Mitchell, International Foundation of Employee Benefit Plans Professor; Executive Director of The Pension Research Council; The Wharton School of the University of Pennsylvania The Oxford Handbook of Pensions and Retirement Income is sure to become an invaluable reference for researchers and students, actuaries and benefits counselors, corporate and labor-oriented analysts, and indeed all in the pension design and financial services business. Volume contributors are leading authorities who provide a systematic and thorough review of the diverse issues that arise in the structuring, management, regulation, and understanding of public and
private pension systems. Chapters include a diverse set of financial, economic, historical, and institutional perspectives shaping the key institutions on which so many millions rely for financial security around the globe. This book will be a welcome addition to my bookshelf.


Michael J. Clowes, author of The Money Flood: How Pension Funds Revolutionized Investing This is a fascinating and incredibly useful book for anyone interested in the problem of retirement income provision. Its 42 chapters by the leading thinkers and researchers in the subject cover almost every imaginable topic, from the history of retirement plans, through current structures and problems to the future. By producing this book, Clark, Munnell, and Orszag have provided an invaluable resource.


Keith Ambachtsheer, Director, Rotman International Centre for Pension Management, University of Toronto In terms of scale and scope, this is surely the most comprehensive handbook on pensions and retirement ever compiled. This makes it a 'must have' for every serious student of this fascinating field.


Dr. Werner Nussbaum, Legal expert for pension systems, Berne/Seoul Today, there are only few accurate overviews on the actual state of pension issues in an international comparative context. With respect to this fact, The Oxford Handbook of Pension and Retirement Income closes an obvious gap between theoretical concepts and practical experiences using a reader-friendly format. Combining leadership experience with practical background from comparative viewpoints, the authors provide useful insights into the different approaches and
the common goal of pension systems worldwide. Many thanks to the publishers of this exciting oeuvre for an important contribution to modern socio-economic discussions on pension systems.

Gordon L. Clark is the Halford Mackinder Professor of Geography, Professorial Fellow of the Said Business School, and Faculty Associate of the Institute of Ageing at the University of Oxford, and is a Fellow of St Peter's College, Oxford. He is a member of the Panel of Academic Experts of the UK National Association of Pension Funds and a Governor of the Pensions Policy Institute.

INTRODUCTION; 1. The Agenda; 2. Pension and Retirement Income in a Global Environment; I RETIREMENT IN CONTEXT; CREATING MODERN RETIREMENT; 3. The History of Retirement; 4. The Development of Public Pensions from 1889 to the 1990s; 5. The Development of Employer Retirement Income Plans: from the Nineteenth Century to 1980; 6. Changing Work Patters and the Reorganization of Occupational Pensions; 7. Gender, the Family, and the Economy; 8. Social Solidarity; THE ECONOMIC CONTEXT; 9. Demography and Ageing; 10. Life-cycle Options and Preferences; 11. Funding, Saving and Economic Growth; II PUBLIC RETIREMENT PLANS; STATE OLD-AGE PENSION PROGRAMS; 12. Structure and Performance of Defined Benefit Schemes; 13. The Structure and Performance of Mandated Pensions; 14. Actuarial-based Public Pension Systems; ENTITLEMENTS AND PENSIONS; 15. Citizenship, Entitlement, and Mobility; 16. Early Retirement; 17. Meeting Health and Long-term Care Needs in Retirement; III EMPLOYMENT-SPONSORED RETIREMENT PLANS; STRUCTURE OF EMPLOYER-SPONSORED PENSIONS; 18. Employer-Sponsored Plans: The Shift from Defined Benefit to Defined Contribution; 19. Organized Labor and Pensions; 20. Corporate Finance and Capital Markets; PENSION PLAN INVESTMENTS; 21. Asset Liability Management; 22. Strategic Asset Allocation for Pension Plans; 23. Pension Fund Management and Investment Performance; PENSION PLAN GOVERNANCE; 24. Regulation of pension fund governance; 25. Regulatory Principles and Institutions; 26. Accounting Standards for Pension Costs; IV INDIVIDUAL AND HOUSEHOLD RETIREMENT PROVISION; INDIVIDUAL PNESIONS, INSURANCE, AND SAVING; 27. Occupational pension scheme design; 28. Annuities, Risk, and Longevity; 29. Personal Pensions and Markets; INDIVIDUAL AND HOUSEHOLD RETIREMENT PLANNING; 30. Choice, Behavior, and Retirement Saving; 31. Housing Wealth and Retirement Savings; 32. The Elderly and Ethical Financial Decision-Making; V LOOKING AHEAD; PROSPECTIVE MODELS; 33. Structure Pension Reform - privatisation - in Latin America; 34. Private Pensions and Public Policy: the Public-Private Divide Reappraised; 35. Unending Work; CHALLENGES; 36. Productivity, Compensation, and Retirement; 37. Poverty and Inequality; 38. The Politics of Reform: Managing Interest Group Conflicts; EMERGING ECONOMIES; 39. Pensions for Development and Poverty Reduction; 40. Retirement Income Systems in Asia; 41. Pensions in Africa; CODA; 42. Sustainable and Equitable Retirement in a Life Course Perspective