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degree of funding implies mainly a redistribution of income among generations, although a partial shift to funding also …
Persistent link: https://www.econbiz.de/10005190624
This paper considers the possibility of letting a pay-go pension system mimic a fully funded pension system. Generically, it turns out to be impossible to make a less than fully funded pension system actuarially fair on average. But a non-funded pay-go pension system can provide an actuarially...
Persistent link: https://www.econbiz.de/10005645306
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and search-matching models. For that, we study a policy that consists in decreasing the urban unemployment benefit. In an …
Persistent link: https://www.econbiz.de/10005419508
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