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Economy wide risk diversification in a three-pillar pension system

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Economy wide risk diversification in a three-pillar pension system

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Economy Wide Risk Diversification in a Three-Pillar Pension System

Du, Cai Cai - 2011

We model a three-pillar pension system and analyse in this context the impact of exogenous shocks on an open economy, using an overlapping generations model where individuals live for two periods. The three-pillar pension system consists of (1) a PAYG pension system, (2) a defined benefit...

Persistent link: https://www.econbiz.de/10013119067