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 …Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a …

Pension Insurance Funds are the largest external occupational pension plan in Germany. Occupational pension schemes are … expected to play a more relevant role in the future as a substitute for the statutory pension system. Christian Hertrich … strategic asset allocation of Pension Insurance Funds within the prevailing regulation as well as supervisory framework in …

include the socially optimal pension contribution rate, retirement age, and redistribution programs. The author concludes by …1. Introduction -- 2.Introductory tax models -- 3. Introductory pension models -- 4. Four pension models with two types … -- 5.Proportional (earnings-related) pension system -- 6. Progressive transfer systems -- 7. Cap on contribution base -- 8 …

the economics of formal and informal care, as well as questions around insurance, risk and the so-called `sandwich …

This book is a guide to asset and risk management from a practical point of view. It is centered around two questions … triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory … they should not? - How do investors deal with such crises in terms of their risk measurement and management and, as a …