Social Studies
MN

Time for a Fresh Look at Pension Design

In a Heller-Hurwicz Economics Institute policy brief, economists Kurt Winkelmann and Jahiz Barlas write that policymakers should be concerned about the ability of many of the world’s pension systems to deliver on their promises. It is time, they believe, to build a new foundation for pension systems using the tools of quantitative economic analysis with aggregate welfare as the evaluation yardstick.