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This paper considers the possibility of letting a pay-go pension system mimic a fully funded pension system. Generically, it turns out to be impossible to make a less than fully funded pension system actuarially fair on average. But a non-funded pay-go pension system can provide an actuarially...
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include an additional dimension of public policy, namely education funding. Indeed, the productivity growth of future workers …
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Funding developing countries' climate policies after Cancun (COP16) has a dual goal: firstly, to support mitigation of … far, the political and scientific discussion has mainly concentrated on the appropriate level of funding. Referring to the … put on the question: which mode of funding to choose? This is for the reason that the currently discussed funding …
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degree of funding implies mainly a redistribution of income among generations, although a partial shift to funding also …
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