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"If the subject of influence in Washington interests you, this series of books deserves your respectful attention...it has changed the ways in which American politicians think about the budget." - The Washington Post For the first time in more than four decades, the federal budget has registered two consecutive surpluses, and the need to reduce the deficit is not casting a pall over the policy debate. This new, highly accessible book examines the policy options that are available in this new environment to address the new and recurring challenges that face the nation. The book, which continues the Brookings Institution's highly acclaimed and influential Setting National Priorities series, wi...
Banking on Death offers a panoramic view of the history and future of pension provision. A work of unique scope, it traces the origins and development of the pension idea, from the days of the French Revolution to the troubles of the modern welfare state. As we live longer, employers are closing their pension schemes and many claim that public treasuries will not be able to cope with the retirement of the babyboomers. Banking on Death analyses the challenge facing public schemes and the malfunctioning of private retirement provision, concluding with a bold proposal for how to pay for decent pensions for all. Robin Blackburn argues that pension funds have been depleted by wasteful promotion a...
Annotation This 12th Annual World Bank Conference on Development Economics focuses mainly on four areas: new development thinking, crises and recovery, corporate governance and restructuring, and social security including public and private savings.
Despite the recent downturn in the stock market, the 1990s boom and the shift to defined contribution plans mean that more individuals will have significant wealth upon retirement. How they use that wealth will determine not only their own well-being, but also the living standards of their children, the resources available to philanthropies, and the level of investment capital in the economy. This volume explores the reasons why people save, how they decide to allocate their wealth once they retire, and how givers select their beneficiaries. It also assesses the extent to which the estate tax and annuitization of retirement wealth affects the amount and nature of wealth transfers. Finally, i...
More powerful and affluent today than ever, the United States has promising opportunities to influence the course of history. Yet these prospects are shadowed by significant perils and burdens. In this visionary book, leading scholars from the Brookings Institution and other prominent research organizations and universities analyze the major domestic and foreign policy problems facing the nation over the next five to ten years. The challenges on the domestic front are formidable: assuring fair but affordable access to health care, shoring up retirement income for an aging population, encouraging long-term economic growth, easing the growing pains of an increasingly diverse society, and recon...