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We study the use of pension funds in the Finnish earnings-related pension system with the aim of smoothing contributions over time under demographic and economic risks. Smoothing is affected by the revisions in long-term forecasts and is thus imperfect. As a partially funded defined-benefit...
Persistent link: https://www.econbiz.de/10012037710
This study analyzes the sustainability implications of demographic and investment risks in the Finnish private sector … expenditure. The main sustainability problem is not, however, the generally projected increase in the contribution rate, but the …. It is likely to do so, unless the increased risk causes unforeseen changes to the pension system, with sustainability …
Persistent link: https://www.econbiz.de/10010273015
Municipal employees and private-sector employees in Finland belong to separate earnings-related pension systems. Both systems are financed by contributions from the payroll, and are mostly pay-as-you-go. Thus if a municipality decides to buy services from the private sector, instead of producing...
Persistent link: https://www.econbiz.de/10012037624
contribution rate by raising the retirement age and cutting pensions. These kind of specific reforms are not, however, optimal due …
Persistent link: https://www.econbiz.de/10012037633
Moral hazard means that people with insurance may take greater risks because they know they do not bear the full consequences of their actions. This can occur with both private insurance and social insurance. Deductibles can be used to alleviate the problem. An interesting way to bring...
Persistent link: https://www.econbiz.de/10010273035
, existing wealth, survivors' pensions and life insurances. For those individuals who have earned income and who live in families …
Persistent link: https://www.econbiz.de/10014278289
Julkisen talouden rahoituspohjan kestävyys väestön vanhetessa on kiistaton ongelma Suomessa kuten useissa muissakin länsimaissa. Työikäisen väestön väheneminen, työvoiman ikääntyminen ja hyvin vanhojen ihmisten lukumäärän kasvu on vaikea yhdistelmä julkisen talouden kestävyyden...
Persistent link: https://www.econbiz.de/10012147863
This study analyzes the sustainability implications of demographic and investment risks in the Finnish private sector … expenditure. The main sustainability problem is not, however, the generally projected increase in the contribution rate, but the …. It is likely to do so, unless the increased risk causes unforeseen changes to the pension system, with sustainability …
Persistent link: https://www.econbiz.de/10003714896
Moral hazard means that people with insurance may take greater risks because they know they do not bear the full consequences of their actions. This can occur with both private insurance and social insurance. Deductibles can be used to alleviate the problem. An interesting way to bring...
Persistent link: https://www.econbiz.de/10003816556
This PhD thesis is a collection of studies on retirement in Finland. The main purpose is to assess labour market transitions of the aged and focus on the e.ect of the economic incentives. All of the studies are empirical and use large micro panels. The first study describes the main features of...
Persistent link: https://www.econbiz.de/10005353557