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 companys 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
