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Forced Saving


  • 28 b/w illus. 48 tables
  • Page extent: 270 pages
  • Size: 228 x 152 mm
  • Weight: 0.53 kg

Library of Congress

  • Dewey number: 332.024/01
  • Dewey version: 21
  • LC Classification: HG1660.A8 B38 2001
  • LC Subject headings:
    • Individual retirement accounts--Australia
    • Individual retirement accounts--Case studies

Library of Congress Record

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 (ISBN-13: 9780521481625 | ISBN-10: 0521481627)

DOI: 10.2277/0521481627

  • Also available in Paperback
  • Published December 2001

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 11:31 GMT, 30 November 2015)


Forced Saving, first published in 2001, 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. It focuses on the 'mandating' approach to retirement income policy, in which governments are compelling individuals - or their employers - to take on this responsibility, at least in part. The role of government becomes limited to one of mandating contributions from wages, along with regulating private fund managers to a greater or lesser extent. The authors explore the implications of introducing such a policy reform. They argue that while there is no universal agreement on the relative costs and benefits of this policy approach, there are often some advantages to moving at least some distance down the mandating path.

• Only comprehensive international assessment of private, compulsory pension policies • Includes data from OECD and developing countries • Equally useful for scholars and professionals in the finance sector


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. Conclusion; Appendix A1. Mandatory retirement saving in Australia; Annex A1. Chronology of retirement income policy in Australia; Appendix 2. International comparisons of private mandatory retirement saving.

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