Age Shock: How Finance is Failing Us 9781844678341, 1844678342

Title; Dedication; Copyright; Contents; Preface to the Paperback Edition; Introduction: The Need for a New Collectivism;

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English Year 2011;2012

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Age Shock: How Finance is Failing Us
 9781844678341, 1844678342

Table of contents :
Title
Dedication
Copyright
Contents
Preface to the Paperback Edition
Introduction: The Need for a New Collectivism
The Grey Wave
Overall Pension Needs
Questioning the Anglo-Saxon Model
Chapter 1: The New Life Course: Its Shape and Costs
The Debt Generation
Old Age Poverty and the â#x80
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Risk Shiftâ#x80
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The Third Age
Crisis, What Crisis?
Raising the Birth Rate
Pension Costs as a Share of GDP
Chapter 2: The Divided Welfare State and the River of Time
The Puritan and the Baroque
The Option for Pay-As-You-Go
The Divided Welfare State
Generational Arbitrage
Frailty and Free Time Chapter 3: Commercial and Corporate FailureDC Plans as Leaky Buckets
The Agony of â#x80
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Defined Benefitâ#x80
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Jobs versus Pensions
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Turn-Around Kingsâ#x80
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or â#x80
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Vulture Capitalists?â#x80
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Public-Sector Pension Schemes
Thumbs Down for Private Pensions
Chapter 4: The Murky World of Grey Capital
A Double Accountability Deficit
Passive Investors and CEO Enrichment
Financialization and the Disposable Corporation
High Finance and Distressted Debt
Perilous Ways of Hedging Risk
Fooling the Tax Man
Chapter 5: The Limits of Reform and Shareholder Activism Gaming Your Customers: The Emptiness of MutualityThe Scope of the New Regulations
Insurance Lost in the Bermuda Triangle
Putting the Brooms Back in the Closet
Shareholder Activism and SRI
Chapter 6: The Need for Strong Public Pensions
Privatization Proves a Hard Sell
A Scheme of Inter-Generational Justice
Unemployment Saps European Solidarity
Swedish Wage-Earner Funds
The Logic of Pay-as-You-Go
Chapter 7: How to Finance Decent Pensions â#x80
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and Tame the Corporations
Searching for the Best Taxes
How a Share Levy Would Work
The Yield of a Share Levy Over 27 Years Theoretical and Practical ObjectionsThe Scope for Re-regulation
Implementing the Fund Network
The Shape of the New Pensions Regime
Transitional Measures Towards Responsible Accumulation
Epilogue: Living in the Presence of Our Future Selves
Afterword: Social Protection after Globalization: Proposal for a Global Pension

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