The Agenda

Gordon L. Clark, Alicia H. Munnell and J. Michael Orszag

in The Oxford Handbook of Pensions and Retirement Income

Published in print July 2006 | ISBN: 9780199272464
Published online September 2009 | | DOI:

Series: Oxford Handbooks in Business and Management C

 The Agenda

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Recent volatility in global financial markets has raised the spectre of wholesale changes in the structure and value of employer-provided pension plans and private insurance arrangements across the Anglo-American world. These circumstances are, in effect, accelerating long-term trends as the shift from defined benefit plans to defined contribution systems and private insurance contracts expose beneficiaries to the full force of market risks previously assumed by employers and other financial and political institutions. This article proposes to present in the book a comprehensive overview of the major intellectual frameworks and principles, analytical methods and techniques, and policy-related tools regarding nation-state pension and retirement income institutions. Demographic ageing, the changing financial circumstances of nation-states, and the forces of globalization necessitate the reassessment of inherited institutions and policies.

Keywords: financial markets; pension plans; private insurance; market risks; retirement income; globalization

Article.  2537 words. 

Subjects: Business and Management ; Business Ethics

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