Chen, Damiaan H. J.; Beetsma, Roel; Ponds, Eduard; … - 2014
We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt …. Shocks are smoothed via the public debt and variations in the indexation of pension entitlements and the pension contribution … funding ratio or the public debt ratio get closer to their boundaries. The best-performing pension arrangement is a hybrid …