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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.
About the Author: Steven A. Sass is Editor of the Regional Review at the Federal Reserve Bank of Boston.
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, 1997. Condizione libro: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Codice libro della libreria GRP61964209
Descrizione libro Harvard University Press. Condizione libro: 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 libro della libreria O-030-04758
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione libro: Used: Good. Codice libro della libreria SONG0674945204
Descrizione libro Harvard University Press, 1997. Condizione libro: 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 libro della libreria 6966798
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione libro: Very Good. Great condition with minimal wear, aging, or shelf wear. Codice libro della libreria P020674945204
Descrizione libro Condizione libro: Very Good. In good condition and ready for quick shipment to any US location by an experienced and reliable seller. CDs and Access codes may not be included as is the case with most used books. Thanks for shopping with us!. Codice libro della libreria 3550330
Descrizione libro Harvard Univ Press. Condizione libro: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Codice libro della libreria 2365264
Descrizione libro 1997. HRD. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria TH-9780674945203
Descrizione libro Harvard University Press. Condizione libro: New. Brand New. Codice libro della libreria 0674945204
Descrizione libro Harvard University Press, 1997. Hardcover. Condizione libro: Like New. Almost new condition. Codice libro della libreria P010674945204