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In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our resultsshow...
Persistent link: https://www.econbiz.de/10010980902
In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our resultsshow...
Persistent link: https://www.econbiz.de/10010300850
In this paper we analyze exemplarily the volatility of the internal rates of return of the German pension system over the life-cycle of an individual born in 1957. The outcome is compared to an alternative defined-contribution or defined-benefit policy. Based on the actual data, our results show...
Persistent link: https://www.econbiz.de/10010304858
basis for a more general analysis that will be dedicated to the functioning and sustainability of pay-as-you-go to finance …
Persistent link: https://www.econbiz.de/10011259816
sustainability of pay-as-you-go to finance the welfare system in developed countries. Thsi paper constitutes Chapert 2.. Chapter 1 …
Persistent link: https://www.econbiz.de/10011110362
The long-term demographic projections have progressively raised concerns about the consequences of ageing population. To better understand those changes and measure their size,projections of social expenditure have been built and progressively refined. Confronted with a large budgetary cost of...
Persistent link: https://www.econbiz.de/10005766938
This paper develops the concept of generational imbalance within a broader framework of financial sustainability in the … of long-term societal demographic trends. We argue that a financial sustainability framework identifies material … trusts, developing statements of financial sustainability and comparing performance measures based on the existing accrual …
Persistent link: https://www.econbiz.de/10013038036
. -- Risk ; internal rate of return ; sustainability …
Persistent link: https://www.econbiz.de/10009153133
. -- risk ; internal rate of return ; sustainability …
Persistent link: https://www.econbiz.de/10003209501
In this paper, I analyze consumption, aggregate savings,output and welfare implications of ?ve di¤erent social security arragements whenever there is demographic uncertanity. Following Bohn(2002), I analyze the e¤ect of an uncetain population growth in an extended version of a modi?ed...
Persistent link: https://www.econbiz.de/10011158990