Forced saving : mandating private retirment incomes

Population ageing, combined with electoral pressure for smaller government, is inevitably leading to increased action to reform retirement provision policy to place much greater reliance on self-provision for the elderly. This development is bringing into ever sharper focus the need for research directed at exploring the links between private retirement provision and public sector policies and institutions. This book offers an analysis of pension policy from an economic perspective. It begins with an overview of the problem of population ageing around the world, and then provides a framework within which policy responses may be consistently assessed.1. Introduction -- 2. Work and Saving Over the Life Cycle -- 3. Saving for Retirement -- 4. Financial Risks Over the Life Cycle -- 5. Retirement Income Streams -- 6. Taxation of Retirement Saving -- 7. Administrative Costs and Charges -- 8. Conclusions -- App. 1. Mandatory Retirement Saving in Australia -- App. 2. International Comparisons of Private Mandatory Retirement Saving -- App. 3. An Introduction to Options