Suchergebnisse

"B-222943." ; Cover title. ; "GAO/HRD-87-42." ; "March 19, 1987." ; Mode of access: Internet.

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 case of pensions privatization failure 7. Conclusion: Pension fund capitalism -- what next?

English
This article discusses the nature of trust and its importance for pensions policy. Trust in the financial services sector has suffered in the face of a 'pensions crisis'. Government's response focuses on 'empowering' consumers through education, information and pensions simplification, to create a domain of 'active trust' (Giddens, 1994). This approach is likely to fail many, and government must focus on rebuilding trust in its own ability to manage long-term pensions policy. It is argued that this should involve a greater role for government as a provider, but in any event the first step is a meaningful dialogue with the public.

Dr. Nektarios examines the principles and criteria under lying public pension programs and assesses the effect of these programs on general economic growth. He begins by discussing the economic rationale of public pensions, then analyzes the influence of economic and demographic variables on the cost of a pension program and the effects of public pension systems on aggregate levels of income and capital stock. Suggesting that Feldstein's social security wealth(SSW) variable overestimates the amount of wealth generated by public pensions, Dr. Nektarios constructs a new SSW variable and uses it to estimate the impact of the u.s. Old Age and Survivors Insurance(OASI) program on capital formation and economic growth in the U.S. economy. The results of his econometric analysis suggest that operation of the OASI program has reduced capital formation by 10to 14 percent.

At head of title: Joint committee print. ; Includes bibliographical references. ; Mode of access: Internet.

"June 4, 1993." ; Shipping list no.: 93-0355-P. ; Distributed to some depository libraries in microfiche. ; At head of title: 103d Congress, 1st session. Committee print. WMCP: 103-15. ; Mode of access: Internet.