Rent-Seeking in Private Pensions - Mark Hyde, Silvia Borzutzky

Rent-Seeking in Private Pensions

Concentration, Pricing and Performance
Buch | Hardcover
147 Seiten
2016 | 1st ed. 2016
Palgrave Macmillan (Verlag)
978-1-137-58034-4 (ISBN)
53,45 inkl. MwSt
This book argues that the implementation of compulsory, highly regulated, privately administered, defined contribution pensions facilitates rent-seeking behaviour on the part of the pension fund administrators and undermines the retirees’ income and well-being. While the book focuses primarily on Chile, its analysis and conclusions are applicable to several Latin American and Eastern European countries where privately administered pension systems have been implemented. Chapters evaluate the scholarly literature and empirical evidence around three aspects of the pension fund industry: structure, pricing and performance. The authors conclude that state regulation has facilitated the accumulation of capital in the hands of the pension fund administrators. They also demonstrate that these systems owe more to the values and principles of conservative philosophy than to neoliberalism in providing alternative solutions to the rent-seeking approach to retirement.

Mark Hyde is a Reader in Work and Pensions at the University of Plymouth, UK. His most recent work on the privatisation of pensions has included several books and monographs: The Marketization of Social Security (2001), The Privatization of Mandatory Retirement Income Protection (2006), The Intergenerational Covenant (2010) and Classical Liberalism and Conservatism (2014). Silvia Borzutzky is a Teaching Professor at Carnegie Mellon University, USA. She has written extensively on Chilean politics and social security policies. She is the author of Vital Connections: Politics, Social Security and Inequality in Chile (2002), and co-editor of After Pinochet: The Chilean Road to Capitalism and Democracy (2006), and The Bachelet Government: Conflict and Consensus in Post-Pinochet Chile (2010).  

Chapter 1) A Global Revolution in Retirement Provision?: Mandatory Defined Contribution Pensions.- Chapter 2) Structure: Concentration and Ownership in the Pension Fund Management Industry.- Chapter 3) Pricing: Management Charges in Mandatory DC Pensions.- Chapter 4) Performance: Investment Regulation and Returns in Mandatory DC Pension.- Chapter 5) Conclusion.

Erscheinungsdatum
Zusatzinfo XV, 147 p.
Verlagsort Basingstoke
Sprache englisch
Maße 148 x 210 mm
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Bankbetriebslehre
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
Schlagworte Chile • Neo-liberalism • Pension Fund Administration • Pension Funds • Pensions • Retirement • Social Security • Social System
ISBN-10 1-137-58034-8 / 1137580348
ISBN-13 978-1-137-58034-4 / 9781137580344
Zustand Neuware
Haben Sie eine Frage zum Produkt?
Mehr entdecken
aus dem Bereich
denken und handeln wie ein professioneller Trader

von Mark Douglas

Buch | Softcover (2023)
Vahlen, Franz (Verlag)
36,90