Overview

Increasingly ageing populations and a slowing rate of growth in the macroeconomy are forcing advanced countries to reconsider their social security programmes. The need for detailed examination of the possible reforms and initiatives has never been greater. This book brings together internationally-renowned scholars to evaluate the effect of recent social security reforms in advanced countries (pension programmes in particular) and to suggest policy reforms for the future. Considering both theoretical and empirical aspects, the contributors evaluate three different policy reforms in order to address the problems common in developed nations: The shift from pay-as-you-go to funded systems The privatisation of public pension systems The contribution of tax revenues to social security benefits is suggested. Including detailed studies of countries including Australia, Germany, Japan, Scandinavia, the UK and the USA, this book will be of essential interest to economists and policy-makers working in pension financing reform, and public economics more generally.

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9780415282789

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Toshihiro Ihori is Professor of Economics at the University of Tokyo. His previous publications include Public Finance in an Overlapping Generations Economy, Macmillan Press, 1996, and (in Japanese) Right Ideas on Government Deficit, Toyo-Keizai, 2000. Toshiaki Tachibanaki is Professor of Economics at the University of Kyoto. His previous publications include Public Policies and Japanese Economy, Macmillan Press, 1996, and Wage Determination and Distribution in Japan, Oxford University Press, 1996.

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