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Mitchell, Olivia S. 2008. "A Review of Tito Boeri, Lans Bovenberg, Benoît Coeuré, and Andrew Roberts's
Dealing with the New Giants and Peter J. Orszag, Mark Iwry, and William G. Gale's
Aging Gracefully."
,
46(4): 983-88.
Show Article Details
DOI: 10.1257/jel.46.4.983
Abstract:Global aging will impose greater economic demands on the young and may entail
dramatic consumption shortfalls for the old. Against this gloomy backdrop, many
analysts hail the world’s funded pension systems as a means to protect future retirement
security. The monographs reviewed ask how funded pension plans might be
restructured to better meet the policy challenges of global aging. Both show that the
pension institution must be reformulated to better provide for both economic growth
and demographic aging. Questions remain regarding how retirement policy can better
integrate intergenerational adequacy and incentive considerations.
Authors:
Mitchell, Olivia S. (U PA)
JEL Classifications:
G23: Pension Funds; Other Private Financial Institutions; Institutional Investors
H55: Social Security and Public Pensions
J14: Economics of the Elderly; Economics of the Handicapped
J26: Retirement; Retirement Policies
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