How Long to Read Reforming Pensions: Principles and Policy Choices

How Long Does it Take to Read Reforming Pensions: Principles and Policy Choices?

It takes the average reader 12 hours and 52 minutes to read Reforming Pensions: Principles and Policy Choices by Nicholas Barr

Assuming a reading speed of 250 words per minute. Learn more

Description

Mandatory pensions are a worldwide phenomenon. However, with fixed contribution rates, monthly benefits, and retirement ages, pension systems are not consistent with three long-run trends: declining mortality, declining fertility, and earlier retirement. Many systems need reform. This book gives an extensive nontechnical explanation of the economics of pension design. The theoretical arguments have three elements: * Pension systems have multiple objectives--consumption smoothing, insurance, poverty relief, and redistribution. Good policy needs to bear them all in mind. * Good analysis should be framed in a second-best context-- simple economic models are a bad guide to policy design in a world with imperfect information and decision-making, incomplete markets and taxation. * Any choice of pension system has risk-sharing and distributional consequences, which the book recognizes explicitly. Barr and Diamond's analysis includes labor markets, capital markets, risk sharing, and gender and family, with comparison of PAYG and funded systems, recognizing that the suitable level of funding differs by country. Alongside the economic principles of good design, policy must also take account of a country's capacity to implement the system. Thus the theoretical analysis is complemented by discussion of implementation, and of experiences, both good and bad, in many countries, with particular attention to Chile and China.

How long is Reforming Pensions: Principles and Policy Choices?

Reforming Pensions: Principles and Policy Choices by Nicholas Barr is 763 pages long, and a total of 193,039 words.

This makes it 257% the length of the average book. It also has 236% more words than the average book.

How Long Does it Take to Read Reforming Pensions: Principles and Policy Choices Aloud?

The average oral reading speed is 183 words per minute. This means it takes 17 hours and 34 minutes to read Reforming Pensions: Principles and Policy Choices aloud.

What Reading Level is Reforming Pensions: Principles and Policy Choices?

Reforming Pensions: Principles and Policy Choices is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Reforming Pensions: Principles and Policy Choices?

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