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crisis. The paper recommends obligatory priv ate savings at a variable rate where the time path of the savings rate is chosen …
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Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
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