Social security reform

"This volume begins by examining the rationale behind why public pension systems were introduced originally - out of fear that individuals do not adequately save for retirement. It then systematically examines different aspects of reforming these systems. It covers the fiscal repercussions of reform, the implications of the Baby Boom on asset returns in the years ahead, the political economy of the reform process, and, finally, the risk-sharing implications that are inherent in reform. An important additional goal of this volume is to make these papers accessible to as wide an audience as possible: students, academics, and policy makers."--BOOK JACKET.