Pensionomics On the Role of PAYGO in Pension Portfolios /

Pensionomics puts forward a portfolio perspective on the combination of funded and unfunded pension arrangements. In a second-best type argument it is formally shown that a Pay-As-You-Go pension system can substitute the tradability of human capital: if risk-averse investors were able to directly in...

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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Jäkel, Matthias F. (Auteur)
Collectivité auteur: SpringerLink (Online service)
Format: Électronique eBook
Langue:Inglés
Publié: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2006.
Édition:1st ed. 2006.
Collection:Lecture Notes in Economics and Mathematical Systems, 572
Sujets:
Macroeconomics.
Population > Economic aspects.
Social policy.
Finance, Public.
Demography.
Population.
Aging.
Macroeconomics and Monetary Economics.
Population Economics.
Social Policy.
Public Economics.
Population and Demography.
Ageing.
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