intergenerational risk sharing (IRS) rule. Through a simulation-based study, we show that the CDC scheme consistently outperforms the … comparable individual DC scheme in terms of risk-adjusted performance. An extensive sensitivity analysis indicates that this …

Intergenerational risk sharing by funded pension schemes may increase welfare in an ex ante sense. However, it also … without any intergenerational risk sharing …

periods and binary states of risks, some new aspects regarding the mixture of intergenerational risk sharing and social … security. Here, state-dependent utility under mortality risk proves to generate parents’ peculiar indifference curve regarding … insurance theory under lifetime uncertainty, where the current position in social security contract could adversely affect …

This chapter reviews the literature on intergenerational risk sharing (IRS). We explore to what extent and how a market …

intergenerational risk sharing (IRS) rule.Through a simulation-based study, we show that the CDC scheme consistently outperforms the … comparable individual DC scheme in terms of risk-adjusted performance. An extensive sensitivity analysis indicates that this …