Showing 1 - 10 of 721,450
Persistent link: https://www.econbiz.de/10009696314
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the … increases with risk aversion and financial market uncertainty. We find that it is likely that mandatory participation is … necessary to sustain a funded pension pillar and to let participants benefit from intergenerational risk sharing. …
Persistent link: https://www.econbiz.de/10011386164
Intergenerational risk sharing by funded pension schemes may increase welfare in an ex ante sense. However, it also … without any intergenerational risk sharing …
Persistent link: https://www.econbiz.de/10013126863
Persistent link: https://www.econbiz.de/10012107817
Persistent link: https://www.econbiz.de/10000645664
Persistent link: https://www.econbiz.de/10009007170
above the expected growth rate of the economy and when thegovernment has a lifetime perspective of the risk exposure. The …
Persistent link: https://www.econbiz.de/10011376622
Persistent link: https://www.econbiz.de/10011308660
Persistent link: https://www.econbiz.de/10010250442
Persistent link: https://www.econbiz.de/10012624633