While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand:<br> * The key types of pension scheme<br> * The role of pensions in maximizing individual lifetime welfare<br> * The role of pensions in individual savings and retirement decisions<br> * The role and consequences of the pension plan from the company's viewpoint<br> * The role of pensions in promoting aggregate savings<br> * The role of pensions and retirement in overlapping generations models<br> * The economics of ageing and intergenerational accounting<br> * The social welfare implications of pensions<br> * The lessons of behavioural economics for pensions