Parametric vs nonparametric methods Are non-parametric methods preferable to parametric methods since the former do not force the model to have a parametric structure?
 A: In some cases a parametric test confers more power when certain assumptions are met. As an example, if one were to compare exponential survival analysis, to weibull survival analysis, to Cox proportion hazards, the relative efficiency of the tests of the relative hazard parameter is 1:2:3 meaning that when data are actually exponentially distributed, the parametric assumptions are 3 times as efficient as those of the Cox model. Of course, even with machine precision engineering, few things in life are actually exponentially distributed in their survival times (except radioactive decay, interestingly).
The question of "what happens when assumptions fail" is important. What happens is much, much worse than simply a loss of power. Usually, the test becomes inconsistent in that the test will reject the null hypothesis is circumstances where it is true. The results, then, become very hard to interpret. Envisioning parametric methods as "enforcing" a structure does help one to see why this is an issue.
For that reason, I would agree that any statistical methods which rely on numerous assumptions, testable or otherwise, are generally not a good thing to rely upon. Assumption free tests can be a bit different from non-parametric, though, and some non-parametric tests are absolute power sinks, requiring thousands upon thousands of observations to make simple inference.
A: For example, if a population is normal distributed, then using a two-sample t-test (a parametric tool) is more efficient than using a Mann-Whitney test (a non-parametric tool). 
By efficient I mean that you make better use of the information contained in the data, in the sense that the variance of the parametric estimator is smaller than the variance of the non-parametric estimator; of course, the parametric method makes a more restrictive assumption about the nature of the population than does the non-parametric method.
For given sample sizes, the power of the parametric method is greater than the power of the non-parametric method; this reflects that you make better use of the information contained in the data with a parametric method, if you have been able to correctly identify the underlying distribution of the data.
