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
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