This collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government.While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlanner to U.S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits.

Ten chapters explore the determinants of firm performance in the life insurance industry by identifying the best practices employed by leading insurers to succeed in the changing business environment. Particular attention is devoted to strategic choices in distribution systems, information technology, mergers and acquisitions, human resources, and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. The book concludes with an analysis of the future opportunities and challenges facing managers. Annotation copyrighted by Book News, Inc., Portland, OR

First Published in 1999. This book addresses one such needed change in the corporate arena—the continuing inequality of opportunities for success that blacks experience relative to their similarly qualified white peers in the U.S. Through interviews and research, the author tries to find the answers that still need explanation due to the the stereotypes of blacks and other minorities that were kept alive through various media.

This work presents the history and impact of the seven most important progressive library organizations worldwide--in Austria, Germany, South Africa, Sweden, United Kingdom, and two in the United States. Each organization is considered within its national context, and in fact, the English word "organization" does not quite fit the nature of all of the groups. The South African organization, LIWO, was transitional in that it helped bring South African librarianship from apartheid to majority rule and then disbanded. The other organizations or their successors are still working in one form or another. Some of the organizations have had or continue to have vibrant local chapters, though many of the original activists have recently retired or died. The author has interviewed many of them at a time when they were assessing their life work, and handing off to new generations.