Subscribe to our newsletter

By entering your e-mail address, you will receive our newsletter about all events organized by Fondazione Rodolfo Debenedetti and new data source available.
Your e-mail address will not be passed on to third parties.

 

The User hereby acknowledges her rights pursuant to article 3 of Law 675/96, concerning personal data treatment, and authorises the recipient to process data transmitted by way of this electronic form for the sole purposes indicated.

 

FRDB Fondazione Rodolfo Debenedetti

Dealing with the New Giants: Rethinking the Role of Pension Funds

8th Geneva Report of the World Economy

July 2006

Tito Boeri, Lans Bovenberg, Benoit Coeuré and Andrew Roberts

ICMB International Center for Monetary and Banking Studies, Geneva and CEPR, London

Pension funds are becoming the largest institutional investors in global financial markets. They help individuals save for their old age and protect the value of their pensions. In so far as they improve risk sharing along time and across individuals, pension funds may also support innovation and growth in the economy. However, pension funds operate in an environment characterised by a number of serious market imperfections (poor financial education of investors and managers, informational asymmetries in the delegation of saving and portfolio management decisions, imperfect labour markets, and potential supply versus demand imbalances in financial markets).
This eighth ICMB/CEPR Geneva Report on the World Economy takes a stance on a number of controversial issues concerning the future of pension funds.

Reviews:

  1. "More Pension Wisdom from Europe: the Geneva Report on Pension Reform", The Ambachtsheer Letter, Letter 248, Sept. 2006

  2. "Dealing with the New Giants" , by Axel Boersch-Supan, Journal of Pension Economics and Finance, 8(2), pp. 239-240, April 2009.  

 

To order the report, please click here.

Benoit Coeuré "Mettre les fonds de pension au service de la croissance" in CEPII L´economié mondiale 2008, La Decuverte, Paris, 2007.

Attachments
 

  Back