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The need for transition to indefinitely sustainable macro economic production functions and the attendant required evolution of modern portfolio theory are discussed. A new, 'next economy' methodology is proposed to practically apply modern realities to portfolios in meaningful ways. Existing...
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Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the …
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sustainability factor, scheduled to come into effect in 2019 but delayed until 2023, and its ultimate reversal cannot be ruled out … work. This work was only intended to analyze the impact of the Sustainability Factor, therefore, it did not take into … the data used is the second contribution of this work. The application of the sustainability factor would improve the …
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, through successive application, to restore the sustainability of the pay-as-you-go pension system. First, adjustments can be … recently set up and analyse their effectiveness in terms of financial sustainability and adequacy of benefits. …
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