On the inefficiency of pay-as-you-go pension systems in stochastic economies with assets
Year of publication: |
2007
|
---|---|
Authors: | Böhm, Volker ; Hillebrand, Marten |
Publisher: |
Universität Bielefeld |
Subject: | Welfare | Asset market | Pension system | Pay-as-you-go | OLG (Overlapping generations) model |
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