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 …

groups of fund participants. The pension arrangement is modelledafter the Dutch situation. While the aggregate welfare …

groups of fund participants. The pension arrangement is modelled after the Dutch situation. While the aggregate welfare … ; pension buffers ; stochastic simulations …

mechanisms by exploiting an income change induced by the launch of China's New Rural Pension scheme (NRPS). Using this policy … experiment, we address the endogeneity of pension income by applying a fixed-effect model with instrumental variable correction …. The results reveal that pension enrollment and income from the NRPS both have had a beneficial impact on objective …

of the recent crisis, a large fraction of the Dutch pension funds had to submit restoration plans for the recovery of … their buffers. Such plans will have to rely primarily on a mix of reduced benefit indexation and increased pension … participants in a pension fund. We investigate this issue numerically, developing an applied many-generation small open economy OLG …

This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We … substantial welfare gains. An increase in the tax deductability of pension contributions can be beneficial for working cohorts …