Essentials of Pension Economics
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Essentials of Pension Economics

Bibliographic Details
Main Author: Nisticò€, Sergio, 1962-
Corporate Author: SpringerLink (Online service)
Format: Online Book
Language:English
Published: Cham : Palgrave Macmillan, 2019.
Subjects:
Access:Online version
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Table of Contents:
  • Intro; Preface; Contents; List of Figures; List of Tables; Chapter 1 Introduction; Abstract; Chapter 2 The Basic Concepts; Abstract; 2.1 The Different Aims of a Public Pension System; 2.2 Computing Old-Age Benefits; 2.3 Measuring Pension Adequacy; 2.4 Financing Pension Systems; 2.5 The Financial Indicators of a Pension System; 2.6 Ensuring Solvency Under Uncertainty; References; Chapter 3 The Little Mathematics You Need; Abstract; 3.1 Understanding Changes: Growth or Discount Factors and Rates; 3.2 More on the IRR; Chapter 4 Four Archetypal Pension Systems; Abstract
  • 4.1 A Two-Overlapping-Generation Model: Logic and Assumptions4.2 NDB Systems; 4.3 FDC Systems; 4.4 FDB Systems; 4.5 NDC Systems; References; Chapter 5 Pension Benefits in a More Realistic Setting; Abstract; 5.1 The Earnings-Related Pension; 5.1.1 Setting the Indexation Rule of Earnings-Related Pensions; 5.1.2 The Problem of 'Vintage Pensions'; 5.2 The Technicalities of the PA-DC Scheme; 5.2.1 Spreading the Account Balance Throughout Life Expectancy at Retirement: Computing and Indexing the Pension Annuity; 5.2.2 The Trade-Off Between the Frontloading and Indexation Rates
  • 5.2.3 Assessing the Adequacy of PA Pensions5.3 The Functioning of PA Schemes When Reality Parts Company with Models; 5.3.1 Changes in Employment Growth; 5.3.2 Changes in Longevity; 5.3.3 The Problems Posed by Heterogeneous Mortality; 5.3.4 Coordinating PA with Disability and Survivor Plans; References; Chapter 6 The Challenges for Public Pension Schemes; Abstract; 6.1 The Threat to Solvency and Adequacy; 6.1.1 The Simple 'Algebra' of Pay-as-You-Go Financing; 6.1.2 Funded Systems; 6.2 An Alternative to Automatic Adjustments: The Point Systems; 6.2.1 The German Point System
  • 6.2.2 The French Point System6.3 Intergenerational Fairness; 6.4 Different Views on Pension Reforms; References; Chapter 7 Concluding Remarks; Abstract; Bibliography; Index