Age Shock · How Finance Is Failing Us by Blackburn, Robin -- Read -- Imperial Library of Trantor

Index

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 ‘Risk Shift’ 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 Failure

DC Plans as Leaky Buckets The Agony of ‘Defined Benefit’ Jobs versus Pensions ‘Turn-Around Kings’ or ‘Vulture Capitalists?’ 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 Mutuality The 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 – 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 Objections The 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 Index