This study introduces multiplayer game in the modern pension market. Particularly, this study claims that low earners … and high earners have different interests when playing in funded pension market scheme. This differentiating is enabled by …-economic anomaly in the funded pension system, which is in favor of high-earning cohorts at the expense of low-earning cohorts. This …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … show that the measures taken are often poorly designed and consequently misaligned with the pension scheme’s ultimate goals … among generations. We show that in policy designs in which extended working lives translate into additional pension …

Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by … show that the measures taken are often poorly designed and consequently misaligned with the pension scheme’s ultimate goals … among generations. We show that in policy designs in which extended working lives translate into additional pension …

) foreign assets depending on how existing public pay as you go pension systems adjust in an ageing society. According to a two … age and a fixed pension level with a rising contribution rate reduce foreign assets. If the contribution rate is fixed and … the pension level lowered to accommodate this, foreign assets increase. …