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 …

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 …

Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory … individual savings, that the fully funded occupational system is decided upon by the age cohort of the median worker and that … decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …

, when the death occurs prior to retirement. While in most countries this accumulated capital (called survivor dividend, SD …) is kept by the scheme, in Sweden it is distributed among the same cohort survivors. This paper aims to analyse to what … assumptions (constant or according to Lee-Carter mortality improvements) to calculate the maximum mortality decrease a scheme can …

The aim of this paper is to analyse the role of the survivor dividend in notional defined contribution (NDC) pension … changes in the growth of the active population. We then compute the effect of the survivor dividend on the relationship … between the individual's internal rate of return for contributors who reach retirement age and the system's internal rate of …