The Promise of Private Pensions

Auteur

Steven A. Sass is Editor of the Regional Review at the Federal Reserve Bank of Boston.

Texte du rabat

insurance experts. Sass traces the U.S. pension system through to the present day, exploring how our modern corporate economy is confronting the challenges of an aging population.

Résumé
In this institutional history, Sass explores the evolution of the financial support system that now commands trillions of dollars of investment capital and supports hundreds of thousands of older Americans. He traces the pension system to the present, exploring how our modern corporate economy is confronting the challenges of an aging population.

Contenu

Introduction - setting the problem. Pensions and capitalism; business finds an interest; the logic of pension expansion; the hard actuarial realities; the public character of private pensions; a tale of two classes; the pension industry reorganizes; ERISA and the reformation of pensions; pensions and post-industrial capitalism.