TY - BOOK AU - Fenge,Robert AU - De Menil,George AU - Pestieau,Pierre TI - Pension strategies in Europe and the United States SN - 9780262062725 (hbk.) : AV - HD7105.45.E85 P46 2008 PY - 2008/// CY - Cambridge, MA PB - MIT Press KW - Pensions KW - Europe KW - United States KW - Pension trusts N1 - Includes bibliographical references and index; Introduction: Pension Systems in Europe and the United States: The Demographic Challenge / Robert Fenge, Georges de Menil and Pierre Pestieau -- I. Pay-as-You-Go Pension Systems -- 1. Optimum Delayed Retirement Credit / Eytan Sheshinski -- 2. How Elastic Is the Response of the Retirement-Age Labor Supply? Evidence from the 1993 French Pension Reform / Antoine Bozio -- 3. Optimal Response to a Transitory Demographic Shock / Juan C. Conesa and Carlos Garriga -- II. Democratic Sustainability -- 4. Demographics and the Political Sustainability of Pay-as-You-Go Social Security / Theodore C. Bergstrom and John L. Hartman -- 5. Free Choice of Unfunded Systems: A Preliminary Analysis of a European Union Challenge / Gabrielle Demange -- III. Funded Pension Systems -- 6. Public Policy and Retirement Saving Incentives in the United Kingdom / Woojen Chung, Richard Disney, Carl Emmerson and Matthew Wakefield -- 7. Personal Security Accounts and Mandatory Annuitization in a Dynastic Framework / Luisa Fuster, Ayse Imrohoroglu and Selahattin Imrohoroglu -- 8. Aging, Funded Pensions, and the Dutch Economy / A. Lans Bovenberg and Thijs Knaap -- 9. Optimal Portfolio Management for Individual Pension Plans / Christian Gollier ER -