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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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Jäkel, Matthias F. (Author)
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:Inglés
Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2006.
Edition:1st ed. 2006.
Series:Lecture Notes in Economics and Mathematical Systems, 572
Subjects:
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.
Online Access:Texto Completo
Table of Contents:
  • The Problem
  • Global Aging and Pensionomics
  • Methodical Foundation
  • The Model
  • Tradable Human Capital
  • Replication with PAYGO
  • The Implications
  • Discussion and Assessment
  • Conclusion and Further Research.

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