Chen, Yao-Tung; Lan, Yuh-Ju; Hsu, Ker-Tah; Chen, Keng-Shen - In: Applied Economics Letters 22 (2015) 1, pp. 7-11
This article examines whether the existence of a universal pension scheme has any effect on a typical individual's willingness to take risks at a young age. The pension system will give the individual who is assumed to live for two periods a fixed amount in the second period regardless of his...