Maintaining retirement systems stability is nowadays a big challenge for all countries. Such sustainability is widely … security. For the case of Algeria, public retirement works according to the pay-as-you-go principle and equilibrium is … grow faster than the population at working age. Consequently, it will be harder to keep equality between retirement incomes …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …

retirement age. We look at a scenario where an economy has a pay-as-you-go defined benefit scheme and compare it to a scenario …