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In a Yaari-Blanchard overlapping generations endowment economy, and drawing on the equivalence between Radner (R) and Arrow-Debreu (AD) equi- libria, we prove that equilibrium AD prices have an explicit representation as a double integral equation. This allows for an analytic characterization of...
Persistent link: https://www.econbiz.de/10005619429
A complexity of a pension reform realization in a country with high level of intergenerational altruism is considered … as a reason of a failure of the pension reform in Russia. Differences between intergenerational altruism levels in Russia … altruism and pension system are analyzed. Successful transition from pay-as-you go pension system to fully funded one is shown …
Persistent link: https://www.econbiz.de/10008765902
This paper reviews alternative pension systems and examines the arguments in favour of funded pension schemes. The … prerequisites for a move towards a funded pension system to be conducted successfully. …
Persistent link: https://www.econbiz.de/10009323472
collected to investigate the burden each worker will have to bear in the future in order to finance pension and health care …
Persistent link: https://www.econbiz.de/10011108591
proposal is presented: The Welfare Funds. Long-term investors offering both pension and health care benefist, and connected …
Persistent link: https://www.econbiz.de/10011110379
simulation for China’s reform practice in pension system with Chinese data.Results showed that :1)Compared to efficiency and fair …
Persistent link: https://www.econbiz.de/10011258251
Mid-long term projections of the Stability Programs (SP) are elaborated to simulate the burden each active citizen or each worker will have to bear for financing, via pay-as-you-go, public health care provisions and public pensions. It is worth mentioning that projections in the (SP) are those...
Persistent link: https://www.econbiz.de/10011112866
While personal-pension mis-selling dominated the headlines, just as costly was the over-compensation offered to younger …
Persistent link: https://www.econbiz.de/10005836776
This article surveys the relationship between public and private pension provision in the countries of the Organisation … of pension reforms. The overall effect of these reforms has in many cases been to reduce public pension promises, often … to guarantee adequate future retirement incomes. …
Persistent link: https://www.econbiz.de/10005617106
unrealistic expectations of their retirement incomes. But apathy and indifference to pension planning (and personal finances in … the pension system and specific data on their own pension entitlements are lacking. Many people, as a result, might have … general) form a large barrier to improving people’s knowledge of the pension system and how it affects them. This paper looks …
Persistent link: https://www.econbiz.de/10005617152