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Pension Provision: Government Failure Around the World | Philip Booth

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Published on Mar 21, 2012

Philip Booth explains his book on pensions (this can be downloaded from the IEA website iea.org.uk), which surveys the results of government intervention in the market for retirement income provision throughout the world. He starts by looking at high-income democracies in which governments have, to a large degree, taken over the function of providing pensions. He finds that state provision crowds out private provision and places a considerable fiscal burden on developed country governments. This fiscal burden is then combined with complex regulatory systems that are imposed on the private sector and which make pensions incomprehensible.

Link to "Pension Provision: Government Failure Around the World" by Philip Booth: http://www.iea.org.uk/publications/re...

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The Institute of Economic Affairs (IEA), founded in 1955, styles itself the UK's pre-eminent free-market think-tank. Its mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.

Institute of Economic Affairs website: http://www.iea.org.uk

DISCLAIMER: This YouTube channel is in no way endorsed by or affiliated with the Institute of Economic Affairs, any of its lecturers or staff members.

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