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...

This is an abridgement of Barr and Diamond's 'Reforming Pensions: Principles and Policy Choices' (OUP, 2008), a larger book that is intended for policy makers and as a supplement in college courses. The problem. Mandatory pension systems are a worldwide phenomenon. However, with given...

conomics of the Welfare State discusses the different parts of the welfare system,in particular, cash benefits, the health service and education. The text argues that the welfare state exists not just to help the underprivileged, but also for efficiency reasons in areas where private markets...

Of the many functions of the welfare state, two are particularly prominent: the 'Robin Hood' function - the provision of poverty relief, the redistribution of income and wealth, and the reduction of social exclusion; and the 'piggy bank' function - ensuring mechanisms for insurance and for...

The fifth edition of this successful textbook discusses the different parts of the welfare system, in particular, cash benefits, health care and education. The text argues that the welfare state does not exist only to help the underprivileged, but also for reasons of efficiency, in areas where...