Rent-Seeking in Private Pensions : Concentration, Pricing and Performance / Mark Hyde, Silvia Borzutzky.
"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 prim...
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| Main Authors: | , |
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| Format: | Ebook |
| Language: | English |
| Published: |
London :
Palgrave Macmillan,
[2016]
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| Series: | Palgrave pivot.
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| Subjects: | |
| Online Access: | Springer eBooks |
| Summary: | "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."--Publisher's description. |
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| Physical Description: | 1 online resource (xv, 147 pages). |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 1137580348 9781137580344 1137580356 9781137580351 |