1st Edition

Social Security Reform in Advanced Countries Evaluating Pension Finance

    Increasingly ageing populations and a slowing rate of growth in the macroeconomy are forcing advanced countries to reconsider their social security programmes. The need for detailed examination of the possible reforms and initiatives has never been greater.
    This book brings together internationally-renowned scholars to evaluate the effect of recent social security reforms in advanced countries (pension programmes in particular) and to suggest policy reforms for the future.
    Including detailed studies of countries including Australia, Germany, Japan, Scandinavia, the UK and the USA, this book will be of essential interest to economists and policy-makers working in pension financing reform, and public economics more generally.

    1. Toshihiro Ihori and Toshiaki Tachibanaki Introduction 2. Olivia S. Mitchell Managing Pensions in the Twenty-First Century: Global Lessons and Implications for Japan 3. Mats Persson Five Fallacies in the Social Security Debate 4. Gary Burtless Social Security Privatization and Financial Market Risk: Lessons from U.S Financial History 5. Hazel Bateman, Suzanne Doyle and John Piggott Private Mandatory Retirement Provision: Design and Implementation Challenges 6. Tatsuo Hatta and Noriyoshi Oguchi Actuarially Fair: A Simulation Analysis 7. Akira Okamoto and Toshiaki Tachibanaki Integration of Tax and Social Security Systems: On the Financing Methods of a Public Pension Scheme in Pay-as-You-Go System 8. Ashwin Kumar Pension Reform in the UK: from Contribution to Participation 9. Kai A. Konrad and Gert G. Wagner Reform of the Public Pension System in Germany 10. Fredrik Haugen, Erik Hernaes and Steinar Strom Pension Systems and Labour Force Participation in the Nordic Countries 11. Hideki Konishi Public Pension Reform and Welfare in an Economy with Adverse Selection 12. Toshihiro Ihori Pensions Contributions and Capital Accumulation Under Modified Funded System


    Toshihiro Ihori is Professor of Economics at the University of Tokyo. His previous publications include Public Finance in an Overlapping Generations Economy, Macmillan Press, 1996, and (in Japanese) Right Ideas on Government Deficit, Toyo-Keizai, 2000.
    Toshiaki Tachibanaki is Professor of Economics at the University of Kyoto. His previous publications include Public Policies and Japanese Economy, Macmillan Press, 1996, and Wage Determination and Distribution in Japan, Oxford University Press, 1996.