Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital. While this ideal form of diversification can...

Demographic trends put a burden on EU pension provision. As the sustainability of pension systems is addressed by current pension reforms, lower benefit levels are projected. In this scenario, households may want to consider supplementing their public pension income. As their own residence is on...

Foreword; Alejo José G. Sison.- List of tables -- List of figures -- About the editors -- About the authors.- Introduction; Wim Vandekerckhove, Jos Leys, Kristian Alm, Bert Scholtens, Silvana Signori and Henry Schäfer.- Chapter 1. Global finance and the role of responsible investors; Steve...