Pension Economics

While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand:* The key types of pension scheme* The role of pensions in maximizing individual lifetime welfare* The role of pensions in individual savings and retirement decisions* The role and consequences of the pension plan from the company's viewpoint* The role of pensions in promoting aggregate savings* The role of pensions and retirement in overlapping generations models* The economics of ageing and intergenerational accounting* The social welfare implications of pensions* The lessons of behavioural economics for pensions