Labor's capital: the economics and politics of private pensions
Why are pension funds so large and benefits so small? This examination of the 120-year-old American system of privatized social insurance--often called, at 1.7 trillion dollars, the biggest lump of money in the world--reveals that the system fails to provide adequate retirement income security, its...
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cambridge, Mass. u.a.
MIT Press
1992
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Schlagworte: | |
Zusammenfassung: | Why are pension funds so large and benefits so small? This examination of the 120-year-old American system of privatized social insurance--often called, at 1.7 trillion dollars, the biggest lump of money in the world--reveals that the system fails to provide adequate retirement income security, its most prominent goal, and in fact its greatest influence is in supplying funds to U.S. capital markets. Linking market forces, historical movements, and social norms in the evolution of pensions, Ghilarducci's study is the first to focus on all major aspects of the system. Its trenchant analysis of the many side of pensions and pension policy addresses questions of whom the system benefits, its direct and social costs, and the possibilities of reforms that would take into account the related problems of capital formation and retirement income. Ghilarducci describes the history of pension funds and the involvement of unions in bargaining. She takes up the "moral hazard" involved in the conflicting interests of corporations and their employees, tackling issues of information availability and inequality of pension distribution based on sex, race, and job hierarchy. And in two chapters, each focusing on corporate and union uses of pension funds, she covers such topics as tax breaks, the effect of corporate takeovers, the use of pensions to pay back debt, and the kinds of skimming that can occur despite government regulation of pension activities. Ghilarducci concludes by presenting an ideal pension plan that would benefit both employer and employee and by offering predictions about pension plans of the future. |
Beschreibung: | XI, 213 S. graph. Darst. |
ISBN: | 0262071398 |
Internformat
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245 | 1 | 0 | |a Labor's capital |b the economics and politics of private pensions |c Teresa Ghilarducci |
264 | 1 | |a Cambridge, Mass. u.a. |b MIT Press |c 1992 | |
300 | |a XI, 213 S. |b graph. Darst. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
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520 | 3 | |a Why are pension funds so large and benefits so small? This examination of the 120-year-old American system of privatized social insurance--often called, at 1.7 trillion dollars, the biggest lump of money in the world--reveals that the system fails to provide adequate retirement income security, its most prominent goal, and in fact its greatest influence is in supplying funds to U.S. capital markets. Linking market forces, historical movements, and social norms in the evolution of pensions, Ghilarducci's study is the first to focus on all major aspects of the system. Its trenchant analysis of the many side of pensions and pension policy addresses questions of whom the system benefits, its direct and social costs, and the possibilities of reforms that would take into account the related problems of capital formation and retirement income. Ghilarducci describes the history of pension funds and the involvement of unions in bargaining. She takes up the "moral hazard" involved in the conflicting interests of corporations and their employees, tackling issues of information availability and inequality of pension distribution based on sex, race, and job hierarchy. And in two chapters, each focusing on corporate and union uses of pension funds, she covers such topics as tax breaks, the effect of corporate takeovers, the use of pensions to pay back debt, and the kinds of skimming that can occur despite government regulation of pension activities. Ghilarducci concludes by presenting an ideal pension plan that would benefit both employer and employee and by offering predictions about pension plans of the future. | |
650 | 4 | |a Pensions - États-Unis | |
650 | 4 | |a Pensions de vieillesse - États-Unis | |
650 | 4 | |a Old age pensions -- United States | |
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689 | 1 | |5 DE-604 | |
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Datensatz im Suchindex
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any_adam_object | |
author | Ghilarducci, Teresa |
author_facet | Ghilarducci, Teresa |
author_role | aut |
author_sort | Ghilarducci, Teresa |
author_variant | t g tg |
building | Verbundindex |
bvnumber | BV006173917 |
callnumber-first | H - Social Science |
callnumber-label | HD7105 |
callnumber-raw | HD7105.35.U6G45 1992 |
callnumber-search | HD7105.35.U6G45 1992 |
callnumber-sort | HD 47105.35 U6 G45 41992 |
callnumber-subject | HD - Industries, Land Use, Labor |
classification_rvk | QK 550 QX 400 |
ctrlnum | (OCoLC)24845756 (DE-599)BVBBV006173917 |
dewey-full | 331.25/2/097320 331.25/2/0973 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 331 - Labor economics |
dewey-raw | 331.25/2/0973 20 331.25/2/0973 |
dewey-search | 331.25/2/0973 20 331.25/2/0973 |
dewey-sort | 3331.25 12 3973 220 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Book |
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indexdate | 2024-07-09T16:41:32Z |
institution | BVB |
isbn | 0262071398 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003905859 |
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physical | XI, 213 S. graph. Darst. |
publishDate | 1992 |
publishDateSearch | 1992 |
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publisher | MIT Press |
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spelling | Ghilarducci, Teresa Verfasser aut Labor's capital the economics and politics of private pensions Teresa Ghilarducci Cambridge, Mass. u.a. MIT Press 1992 XI, 213 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Why are pension funds so large and benefits so small? This examination of the 120-year-old American system of privatized social insurance--often called, at 1.7 trillion dollars, the biggest lump of money in the world--reveals that the system fails to provide adequate retirement income security, its most prominent goal, and in fact its greatest influence is in supplying funds to U.S. capital markets. Linking market forces, historical movements, and social norms in the evolution of pensions, Ghilarducci's study is the first to focus on all major aspects of the system. Its trenchant analysis of the many side of pensions and pension policy addresses questions of whom the system benefits, its direct and social costs, and the possibilities of reforms that would take into account the related problems of capital formation and retirement income. Ghilarducci describes the history of pension funds and the involvement of unions in bargaining. She takes up the "moral hazard" involved in the conflicting interests of corporations and their employees, tackling issues of information availability and inequality of pension distribution based on sex, race, and job hierarchy. And in two chapters, each focusing on corporate and union uses of pension funds, she covers such topics as tax breaks, the effect of corporate takeovers, the use of pensions to pay back debt, and the kinds of skimming that can occur despite government regulation of pension activities. Ghilarducci concludes by presenting an ideal pension plan that would benefit both employer and employee and by offering predictions about pension plans of the future. Pensions - États-Unis Pensions de vieillesse - États-Unis Old age pensions -- United States Pensions -- United States Altersversorgung (DE-588)4001479-4 gnd rswk-swf Pensionskasse (DE-588)4045107-0 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Altersversorgung (DE-588)4001479-4 s DE-604 Pensionskasse (DE-588)4045107-0 s |
spellingShingle | Ghilarducci, Teresa Labor's capital the economics and politics of private pensions Pensions - États-Unis Pensions de vieillesse - États-Unis Old age pensions -- United States Pensions -- United States Altersversorgung (DE-588)4001479-4 gnd Pensionskasse (DE-588)4045107-0 gnd |
subject_GND | (DE-588)4001479-4 (DE-588)4045107-0 (DE-588)4078704-7 |
title | Labor's capital the economics and politics of private pensions |
title_auth | Labor's capital the economics and politics of private pensions |
title_exact_search | Labor's capital the economics and politics of private pensions |
title_full | Labor's capital the economics and politics of private pensions Teresa Ghilarducci |
title_fullStr | Labor's capital the economics and politics of private pensions Teresa Ghilarducci |
title_full_unstemmed | Labor's capital the economics and politics of private pensions Teresa Ghilarducci |
title_short | Labor's capital |
title_sort | labor s capital the economics and politics of private pensions |
title_sub | the economics and politics of private pensions |
topic | Pensions - États-Unis Pensions de vieillesse - États-Unis Old age pensions -- United States Pensions -- United States Altersversorgung (DE-588)4001479-4 gnd Pensionskasse (DE-588)4045107-0 gnd |
topic_facet | Pensions - États-Unis Pensions de vieillesse - États-Unis Old age pensions -- United States Pensions -- United States Altersversorgung Pensionskasse USA |
work_keys_str_mv | AT ghilarducciteresa laborscapitaltheeconomicsandpoliticsofprivatepensions |