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The Economics of pension insurance

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<title>Economics of pension insurance</title>
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<namePart>Ippolito, Richard A.</namePart>
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<namePart>University of Pennsylvania</namePart>
<namePart>Pension Research Council</namePart>
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<issuance>monographic</issuance>
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<publisher>University of Pennsylvania</publisher>
<dateIssued>1989</dateIssued>
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<extent>270 p. 23 cm</extent>
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<abstract displayLabel="Summary">This 1989 volume examines the economic rationale for and effects of the Pension Benefit Guaranty Corporation (PBGC), the US federal agency that insures corporate or private sector defined-benefit pension plans. The author, former chief economist of the PBGC, contends that the institution was initially created as a too-generous insurance provider in that benefits were not correctly priced relative to risk and exposure. The result was a system subject to moral hazard and redistribution between firms with well-funded pensions to those with poorly-financed funds. He explores ways to convert the scheme to a privatized system.</abstract>
<note type="statement of responsibility">Richard A. Ippolito </note>
<note>Pertenece a la donación de la biblioteca particular de D. Camilo Pieschacón Velasco</note>
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<topic>Planes de pensiones</topic>
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<topic>Mercado de seguros</topic>
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<topic>Financiación</topic>
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<topic>Jubilación</topic>
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<geographic>Estados Unidos</geographic>
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<identifier type="isbn">0-256-07474-7</identifier>
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