Three of the four chapters in this book deal with consequences of the income-tax treatment of contributions to and withdrawals from the CPF. They discuss the effects on the borrowing costs of the Government of Singapore, and on the effective rates of return accruing to the citizens as members of...

This book presents the key findings of studies done under the ASEAN Phase III Population Project, “Socio-Economic Consequences of the Ageing of the Population” in Indonesia, Malaysia, the Philippines, Singapore, and Thailand. It begins by outlining the demographic background to the ageing...

U.S. employers and the federal government devote over 1.5% of GDP annually toward promoting defined contribution (DC) retirement saving. Using a new employer-employee linked dataset covering millions of Americans, we show that this system of saving incentives benefits White workers and those...

Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before matching contributions from their employer have...

1. Structure of pension systems 2. Neoliberalism as an ideological basis for pension fund capitalism 3. The supporters and instruments of pension privatization 4. Costs and risks associated with private pensions 5. The experience of different countries with pension fund capitalism 6. Poland as a...

Die Deutschen werden immer älter und immer weniger. Die Folgen für Wirtschaft und Gesellschaft sind dramatischer als die der Wiedervereinigung. Angesichts des demographischen Wandels in den Industriegesellschaften wird eine Alterspolitik erforderlich, die mehr als eine Sozialpolitik für...