Davoine, Thomas; Forstner, Susanne - In: The future of pension plans in the EU internal market : …, (pp. 145-160). 2019
We analyze and compare the long-run effects for a country introducing a capital-funded pension pillar in two scenarios: The case of separate capital markets, on the one hand, and the case of integrated capital markets (a capital market union), on the other hand. Our analysis is based on...
