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The private pension is a curiosity in the modern economic environment. Why do profit-seeking companies pay retirement benefits to those no longer on the job? In this new institutional history, Steven Sass explores the rise and growth of the financial support system that today commands trillions of dollars of investment capital and supports hundreds of thousands of older Americans.
Before 1900 America's elderly derived their livelihood from simple sources. They worked if they could, relied on their children, and took charity if necessary. By the dawn of the twentieth century, however, the country was constructing a new industrial economy. Both laborers and capital were moving away from farms toward large corporate establishments. These market changes weakened family links and traditional skills, rendering workers more vulnerable to economic shocks. The elderly, in particular, fell out of step with the new mechanized and bureaucratic regime. It was in response to these dramatic economic shifts that the institution of private pensions emerged. In return for workers' long-term loyalty, employers promised to help sustain them through old age.
As Sass shows, creating the pension system proved far more complicated than anyone had anticipated. Over the last hundred years it has evolved into a complex institution driven by congressional mandates, judicial/administrative decisions, union campaigns, political debates, and the ministrations of lawyers, economists, human resource specialists, actuaries, and 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.
Product Description: The First Hundred Years
Titolo: The Promise of Private Pensions - The First ...
Casa editrice: Harvard University Press
Data di pubblicazione: 1997
Condizione libro: New
Descrizione libro Harvard University Press. Condizione: Good. A copy that has been read, but remains in clean condition. All pages are intact, and the cover is intact (including dust cover, if applicable). The spine and cover may show signs of wear. Pages can include limited notes and highlighting, and the copy can This item was a donation to Goodwill of Greater Washington. Thanks for your order from Goodwill of Greater Washington. Codice articolo O-030-04758
Descrizione libro Harvard University Press. Condizione: Acceptable. purchase supports More Tha n Words, a nonprofit job training program for youth, empowering youth to take charge of their lives by taking charge of a business. Codice articolo BOS-A-01f-00569
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione: Used: Good. Codice articolo SONG0674945204
Descrizione libro Harvard University Press, 1997. Condizione: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Codice articolo 0674945204-2-4
Descrizione libro Condizione: Very Good. Ready for quick shipment to any US location by Experienced seller. CDs and Access codes may not be included as is the case with most used books. Codice articolo 3550330
Descrizione libro Harvard University Press, 1997. Condizione: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. , 700grams, ISBN:0674945204. Codice articolo 6966798
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione: Very Good. Great condition with minimal wear, aging, or shelf wear. Codice articolo P020674945204
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione: Like New. Almost new condition. Codice articolo P010674945204
Descrizione libro Harvard Univ Press. Condizione: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Veteran Owned Bookshop in business since 1992!. Codice articolo 2667620
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione: New. Never used!. Codice articolo P110674945204