Gómez-Déniz, Emilio; Pérez Rodríguez, Jorge V.; … - In: Risks : open access journal 10 (2022) 6, pp. 1-17
Faced with the need to adjust public pension systems to meet changing demographic, economic and social conditions, most developed countries have created government reserve funds to ensure macroeconomic sustainability. This paper aims to study the importance that this reserve fund plays in the...