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. It is likely to do so, unless the increased risk causes unforeseen changes to the pension system, with sustainability … may not react early enough to the realized demographic or investment risks, and therefore risk sharing between generations …
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We study the extent to which retired households in Finland could supplement their mandatory pension benefits by releasing their equity. We also consider the tax treatment of different financial products that turn wealth into an income stream. In addition, we use a life cycle consumption-savings...
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We study old age care expenditures and means to prepare for them. The expected size of the expenditures is described both from the point of view of individuals and the municipalities who provide the services. We use a numerical stochastic life cycle model to research how much various individuals...
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stringent. In these cases there is no conflict between promoting domestic investments and optimal combination of risk and yield …
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