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“unlocking” of funds transferred from pension plans to locked-in retirement plans.The funds are normally transferred on the … termination or retirement of a pension plan member. Locked-in retirement plans limit the access of plan owners to the former … inherit from their more senior, but possibly more frugal, parents.While all locked-in retirement plans share the common …
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Using an overlapping generations model in which the young save for old age using indexed and nominal government bonds, this paper investigates how optimal indexation is influenced by monetary policy. In order to do so, two monetary policies with markedly different long run implications are...
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"Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
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Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132