Pensions play an important role in our society as they provide for a time later in life when people cannot, or do not want to, continue working. However, falling private pension saving rates in the UK have led to concerns regarding the adequacy of provision for later life. The a…
Despite many studies of the pension systems in developed countries, little work has been done on how to apply a sustainable pension system in developing countries. The set-ups of pension systems in developed versus developing countries are expected to be different because in dev…
This dissertation is a collection of three chapters all pertaining to institutional economics. In short, the field of institutional economics is an outgrowth of public economics, in the sense that in many cases the key institutions that frame economic decisionmaking are the prod…
Total compensation is divided into current and deferred elements. Deferred portions are mainly composed of pensions and health benefits to which an employee is entitled upon retirement. Early pensions were designed to provide income security through a stream of payments, guarant…