Research Catalog
How to create a competitive market in pensions : the international lessons / Michael Littlewood.
- Title
- How to create a competitive market in pensions : the international lessons / Michael Littlewood.
- Author
- Littlewood, Michael.
- Publication
- London : IEA Health and Welfare Unit, 1998.
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | HD7105.4 .L57 1998 | Off-site |
Holdings
Details
- Additional Authors
- Institute of Economic Affairs. Health and Welfare Unit.
- Description
- xii, 252 p.; 24 cm.
- Summary
- "In this book Michael Littlewood looks at the methods which are used to provide retirement income in countries from Australasia and America to Europe. He looks at the three 'pillars' or 'tiers' of pension provision - state, workplace and private savings - and at the different approaches which governments can take: 'command and control', the use of financial incentives, and the free market. Most governments combine a mixture of the first two, but none goes so far as to rely on the third." "In spite of this, Littlewood argues that the voluntary approach is best. Compulsory schemes fail to respect the different needs of different people, and distort savings and investment markets. Incentive-based schemes, which offer tax breaks on certain forms of investments, also distort markets and subsidise one section of the population - often the better off - at the expense of another, with no demonstrable benefits. In terms of choice, equity, cost-effectiveness and optimum returns, individuals and the economy in general are likely to benefit most from a voluntary and unsubsidised regime."--BOOK JACKET.
- Series Statement
- Choice in welfare, 1362-9565 ; no 45
- Uniform Title
- Choice in welfare no 45.
- Subject
- Genre/Form
- graph.
- reference.
- graphique.
- référence bibliographique.
- gráfico.
- referencia.
- Bibliography (note)
- Includes bibliographical references.
- Processing Action (note)
- committed to retain
- Contents
- 1. The Present Mess -- 2. Democracy, Demography and the Welfare State -- 3. First Principles -- 4. Tax and Level Playing Fields -- 5. What About Compulsion? -- 6. Let's Start With Tier I -- 7. So Whose Responsibility Is It? -- 8. Why Involve Employers? -- 9. The Information Age: Linking Savers and Markets -- 10. What Do We Do Now?
- ISBN
- 0255364377 (pbk) :
- LCCN
- gb^98054275^
- OCLC
- 39961706
- SCSB-11638011
- Owning Institutions
- Harvard Library