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 …

This paper analyses the political constraints of intergenerational risk sharing. The first result is that the political … PAYG still contributes to intergenerational risk sharing. The third result is that aging increases the discrepancy between …